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ProPetro Holding (ProPetro Holding) EBIT : $115 Mil (TTM As of Mar. 2024)


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What is ProPetro Holding EBIT?

ProPetro Holding's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $32 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $115 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ProPetro Holding's annualized ROC % for the quarter that ended in Mar. 2024 was 8.08%. ProPetro Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 11.17%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ProPetro Holding's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 10.07%.


ProPetro Holding EBIT Historical Data

The historical data trend for ProPetro Holding's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

ProPetro Holding EBIT Chart

ProPetro Holding Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only 220.65 -132.12 -67.82 8.99 120.81

ProPetro Holding Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 37.76 52.56 46.57 -16.07 31.72

Competitive Comparison of ProPetro Holding's EBIT

For the Oil & Gas Equipment & Services subindustry, ProPetro Holding's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ProPetro Holding's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, ProPetro Holding's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where ProPetro Holding's EV-to-EBIT falls into.



ProPetro Holding EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $115 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


ProPetro Holding  (NYSE:PUMP) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

ProPetro Holding's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=147.08 * ( 1 - 32.87% )/( (1222.785 + 1220.588)/ 2 )
=98.734804/1221.6865
=8.08 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1480.312 - 217.867 - ( 41.099 - max(0, 271.149 - 310.809+41.099))
=1222.785

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1534.26 - 260.071 - ( 53.601 - max(0, 303.984 - 360.036+53.601))
=1220.588

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

ProPetro Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=126.868/( ( (1093.148 + max(32.653, 0)) + (1099.423 + max(46.364, 0)) )/ 2 )
=126.868/( ( 1125.801 + 1145.787 )/ 2 )
=126.868/1135.794
=11.17 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(237.012 + 17.705 + 14.993) - (217.867 + 19.19 + 0)
=32.653

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(273.709 + 19.447 + 13.279) - (260.071 + 0 + -5.6843418860808E-14)
=46.364

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

ProPetro Holding's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=114.771/1139.362
=10.07 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


ProPetro Holding EBIT Related Terms

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ProPetro Holding (ProPetro Holding) Business Description

Traded in Other Exchanges
Address
1706 South Midkiff, Midland, TX, USA, 79701
ProPetro Holding Corp is a Texas-based oilfield services company. It provides hydraulic fracturing, wireline, and other complementary services to oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. The company focused on Permian Basin. The operating segment of the company are Hydraulic Fracturing, Cementing, Coiled Tubing, drilling and flowback.
Executives
Michele Vion Choka director 4140 DUBLIN BLVD, SUITE 400, DUBLIN CA 94568
Phillip A Gobe director, officer: Executive Chairman 777 HIDDEN RIDGE, IRVING TX 75038
Elo Omavuezi officer: Chief Accounting Officer 1706 S. MIDKIFF ROAD, MIDLAND TX 79701
Adam Munoz officer: Senior VP of Operations 1706 S. MIDKIFF ROAD, MIDLAND TX 79701
G Larry Lawrence director C/O LEGACY RESERVES GP, LLC, 303 W. WALL STREET, SUITE 1600, MIDLAND TX 79701
David Scott Schorlemer officer: Chief Financial Officer 16225 PARK TEN PLACE, SUITE 280, HOUSTON TX 77084
Mary P Ricciardello director 2925 BRIARPARK, SUITE 1050, HOUSTON TX 77042
John J Mitchell officer: Gen. Counsel & Corp. Secretary 1706 S. MIDKIFF, MIDLAND TX 79701
Armour Spencer D Iii director 400 W. ILLINOIS, SUITE 800, MIDLAND TX 79701
Wilson Newton W Iii officer: Gen. Counsel & Corp. Secretary C/O KEY ENERGY SERVICES, INC., 1301 MCKINNEY STREET, SUITE 1800, HOUSTON TX 77010
Samuel D Sledge officer: Chief Strategy & Admin Officer 1706 S. MIDKIFF ROAD, MIDLAND TX 79701
Mark Stephen Berg director 777 HIDDEN RIDGE, IRVING TX 75038
Darin G Holderness officer: Interim CFO 14701 ST. MARY'S LANE, SUITE 275, HOUSTON TX 77079
Anthony James Best director 9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381
Royce Mitchell director 777 HIDDEN RIDGE, IRVING TX 75038