ProPetro Holding layoffs, on the record
Every job cut, severance charge and restructuring ProPetro Holding reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 2,070 | December 31, 2023 |
Job cuts, severance and restructuring
Our summaryRecorded retention bonus and severance expenses, excluded from the general and administrative expense figure as a nonrecurring item.
Word for word“Excluding nonrecurring and non-cash items ( i.e., stock-based compensation of $14.5 million, legal settlements (net of insurance reimbursements) of $0.7 million, transaction expenses of $2.3 million, and retention bonuses and severance expenses of $2.3 million), general and administrative expenses were $94.6 million for the year ended December 31, 2023, as compared to $80.3 million for the year ended December 31, 2022.” 10-K for 2023
| Fiscal year ended | Severance costs |
|---|---|
| 2019-12-31 | $2 million |
| 2020-12-31 | $1 million |
| 2021-12-31 | $632,000 |
| 2022-12-31 | $1.1 million |
| 2023-12-31 | $2.3 million |
| 2024-12-31 | $2.3 million |
| 2025-12-31 | $2.6 million |
ProPetro Holding has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from ProPetro Holding’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-19. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.