PUMP (ProPetro Holding) Interest Expense : $-8 Mil (TTM As of Sep. 2024)

View and export this data going back to 2017. Start your Free Trial

What is ProPetro Holding Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ProPetro Holding's interest expense for the three months ended in Sep. 2024 was $ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-8 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. ProPetro Holding's Operating Income for the three months ended in Sep. 2024 was $ 11 Mil. ProPetro Holding's Interest Expense for the three months ended in Sep. 2024 was $ -2 Mil. ProPetro Holding's Interest Coverage for the quarter that ended in Sep. 2024 was 5.50. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

ProPetro Holding Interest Expense Historical Data

The historical data trend for ProPetro Holding's Interest Expense 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 Interest Expense Chart

ProPetro Holding Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-7.14

-2.38

-0.61

-1.61

-5.31

ProPetro Holding Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-1.17	-2.29	-2.03	-1.97	-1.94

ProPetro Holding Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-8 Mil.

ProPetro Holding (NYSE:PUMP) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

ProPetro Holding's Interest Expense for the three months ended in Sep. 2024 was $-2 Mil. Its Operating Income for the three months ended in Sep. 2024 was $11 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $119 Mil.

ProPetro Holding's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	10.658	/	-1.939
	=	5.50

The higher the ratio, the stronger the company's financial strength is.

ProPetro Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ProPetro Holding Corp (NYSE:PUMP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

2PG:Germany

Address

303 W. Wall Street, Suite 102, Midland, TX, USA, 79701

Website

https://www.propetroservices.com

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 oil and natural gas resources. The company focused on the Permian Basin. The operating segments of the company are hydraulic fracturing which generates key revenue, wireline, cementing, and coiled tubing.

Executives

David Scott Schorlemer	officer: Chief Financial Officer	16225 PARK TEN PLACE, SUITE 280, HOUSTON TX 77084
Michele Vion Choka	director	4140 DUBLIN BLVD, SUITE 400, DUBLIN CA 94568
Adam Munoz	officer: Senior VP of Operations	1706 S. MIDKIFF ROAD, MIDLAND TX 79701
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
G Larry Lawrence	director	C/O LEGACY RESERVES GP, LLC, 303 W. WALL STREET, SUITE 1600, MIDLAND TX 79701
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