ProPetro Holding (PUMP) Misses Q4 EPS, Revenue
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ProPetro Reports Financial Results for the Fourth Quarter and Full Year of 2022
February 21, 2023 4:30 PM ESTMIDLAND, Texas--(BUSINESS WIRE)-- ProPetro Holding Corp. ("ProPetro" or "the Company") (NYSE: PUMP) today announced financial and operational results for the fourth quarter and full year of 2022.
Full Year 2022 Results
Full year 2022 revenue of $1.3 billion, a 46% increase versus 2021. Net income of $2 million for the full year 2022, as compared to a net loss of $54 million in 2021. Full year 2022 Adjusted EBITDA(1) of $317 million, an increase of 134% versus 2021, with Adjusted EBITDA margins increasing from 15% to 25%.Fourth Quarter 2022 Results and Highlights
Fourth... More