Business Context and Reporting Period
Company: ProPetro Holding Corp.
Filing Type: Form 8-K (Current Report)
Date of Report: July 2, 2020
Context: The filing serves as a Regulation FD disclosure to announce the completion and submission of the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2020.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This 8-K filing acts solely as a notification of the 10-Q submission; the financial data resides within the referenced 10-Q document (Exhibit 99.1 press release references the 10-Q but does not contain the metrics itself).
Material Changes
Filing Status Update: The Company previously announced on June 22, 2020, that it required additional time to complete its 2020 First Quarter 10-Q. As of July 2, 2020, the Company has completed and filed the report, thereby becoming current in its SEC filing obligations.
Outlook, Risks, and Contingencies
- NYSE Compliance: The Company was working to become current prior to the expiration of an additional trading period granted by the New York Stock Exchange, which was set to expire on July 15, 2020.
- Current Status: Management believes the Company is now current in its filing obligations with the SEC.
- Legal Disclaimer: Information furnished with this report, including the press release, is not deemed "filed" for purposes of Section 18 of the Exchange Act and is not incorporated by reference into other filings unless expressly stated.
Investor Verification Checklist
- Verify the specific financial results for the quarter ended March 31, 2020, by reviewing the Form 10-Q filed on July 2, 2020.
- Confirm the Company's continued compliance with NYSE listing standards following the filing of the overdue 10-Q.
- Review the press release (Exhibit 99.1) for any qualitative updates on operations or liquidity not detailed in this 8-K summary.