{"content":[{"text":"March 26, 2018","bbox":{"left":0.098039,"top":0.06867,"width":0.136154,"height":0.016926999999999998}},{"text":"ProPetro Reports Full Year and Fourth \n Quarter 2017 Results","bbox":{"left":0.098039,"top":0.10609,"width":0.716854,"height":0.068892}},{"text":"Most Successful Year in Company’s 12-Year History","bbox":{"left":0.259191,"top":0.196511,"width":0.48562900000000003,"height":0.016926999999999998}},{"text":"Grew Year-Over-Year Revenue and Year-End HHP Capacity by 125% and 64%, \n Respectively","bbox":{"left":0.13848,"top":0.229655,"width":0.7235849999999999,"height":0.03491900000000003}},{"text":"Announces Further Fleet Expansion","bbox":{"left":0.332721,"top":0.280791,"width":0.33636800000000006,"height":0.016927000000000025}},{"text":"MIDLAND, Texas--(BUSINESS WIRE)-- ProPetro Holding Corp. (“ProPetro” or “the \n Company”) (NYSE: PUMP) today announced financial and operational results for the full \n year and fourth quarter of 2017, and additional expansion of its fleet.","bbox":{"left":0.098039,"top":0.313935,"width":0.7646959999999999,"height":0.052912000000000015}},{"text":"Full Year 2017 Operational Highlights","bbox":{"left":0.098039,"top":0.383064,"width":0.347264,"height":0.016927000000000025}},{"text":"Grew year-end fleet capacity by 64% to 690,000 hydraulic horsepower (“HHP”), or 16 \n fleets, from 420,000 HHP, or ten fleets, at the end of 2016;","bbox":{"left":0.147059,"top":0.416208,"width":0.7382330000000001,"height":0.03491899999999998}},{"text":"Maintained 100% fleet utilization throughout the year;","bbox":{"left":0.147059,"top":0.461663,"width":0.4617130000000001,"height":0.016927000000000025}},{"text":"Purchased 86 Tier 2 engines estimated to yield approximately $30 million in savings;","bbox":{"left":0.147059,"top":0.489125,"width":0.7331779999999999,"height":0.01692699999999997}},{"text":"Implemented and completed transition from carbon steel to stainless steel fluid ends;","bbox":{"left":0.147059,"top":0.516587,"width":0.7341550000000001,"height":0.016927000000000025}},{"text":"Expanded operations to the Delaware Basin, and","bbox":{"left":0.147059,"top":0.544049,"width":0.42584800000000006,"height":0.016927000000000025}},{"text":"Maintained safety and performance metrics while growing employee head count nearly \n 100%.","bbox":{"left":0.147059,"top":0.571511,"width":0.7513400000000001,"height":0.03491900000000003}},{"text":"Full Year 2017 Financial Highlights","bbox":{"left":0.098039,"top":0.622647,"width":0.32330899999999996,"height":0.016927000000000025}},{"text":"Successfully completed initial public offering to fund growth initiatives and strengthen \n balance sheet;","bbox":{"left":0.147059,"top":0.655791,"width":0.733868,"height":0.03492000000000006}},{"text":"Increased total revenue by 125% to $981.9 million from $436.9 million in 2016;","bbox":{"left":0.147059,"top":0.701246,"width":0.6800029999999999,"height":0.016927000000000025}},{"text":"Reported net income of $12.6 million as compared to a net loss of $53.1 million in \n 2016; and","bbox":{"left":0.147059,"top":0.728708,"width":0.706639,"height":0.03491900000000003}},{"text":"Grew adjusted EBITDA(1) to $137.4 million from $7.8 million in 2016 – more than a \n 1,600% increase.","bbox":{"left":0.147059,"top":0.773893,"width":0.7151020000000001,"height":0.03803000000000001}},{"text":"Fourth Quarter 2017 Highlights","bbox":{"left":0.098039,"top":0.82814,"width":0.288459,"height":0.016927000000000025}},{"text":"Increased total revenue by 11% to $313.7 million from $282.7 million in the third \n quarter of 2017;","bbox":{"left":0.147059,"top":0.861284,"width":0.6919520000000001,"height":0.03491899999999992}},{"text":"Posted net income of $10.1 million and adjusted EBITDA(1) of $42.8 million; and","bbox":{"left":0.147059,"top":0.906469,"width":0.693695,"height":0.020037000000000083}},{"text":"Deployed one new-build fleet (45,000 HHP).","bbox":{"left":0.147059,"top":0.937041,"width":0.38332000000000005,"height":0.016927000000000025}}],"images_bbox":[{"left":0.656863,"top":0.068182,"width":0.245098,"height":0.017045}],"images_bbox_not_text_overlap":[{"left":0.656863,"top":0.068182,"width":0.245098,"height":0.017045}]}