Private company

U.S. WELL SERVICES HOLDINGS, LLC

U.S. WELL SERVICES HOLDINGS, LLC is an American oil and gas field services company, incorporated in Delaware.1 It is headquartered in Willow Park, Texas.1

Last updated Oct 20, 2026.

Overview

$250.5MRevenue, fiscal 20212
-$70.6MNet income, fiscal 20212
  • IndustryOil & Gas Field Services, NEC1
  • HeadquartersWillow Park, Texas1
  • Incorporated inDE3
  • Business address333 Shops Boulevard, Suite 301, Willow Park, Tx 760873
  • Filer category, Emerging growth company3

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

-20.8%Operating margin2
-28.2%Net margin2
2.6%Revenue growth, 20212
-$77.0MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Selling, general and admin13¢$32.6M
  • Other costs87¢$217.9M
  • Income tax0¢$27.0K

Out of $250.5M in revenue.2 The company lost money this year.

Financial statements

Revenue4562$250.5M in 2021
0$200.0M$400.0M$600.0M$800.0M2017: $0$020172018: $648.8M$648.8M20182019: $514.8M$514.8M2019−21%2020: $244.0M$244.0M2020−53%2021: $250.5M$250.5M2021+3%
Operating income4562-$52.0M in 2021+5844% since 2017
-$300.0M-$200.0M-$100.0M02017: -$875.3K-$875.3K20172018: -$38.0M-$38.0M2018+4238%2019: -$75.3M-$75.3M2019+98%2020: -$222.4M-$222.4M2020+196%2021: -$52.0M-$52.0M2021−77%
Net income462-$70.6M in 2021
-$300.0M-$200.0M-$100.0M0$100.0M2017: $757.6K$757.6K20172018: -$59.9M-$59.9M20182019: -$81.8M-$81.8M2019+37%2020: -$229.3M-$229.3M2020+180%2021: -$70.6M-$70.6M2021−69%
Fiscal year201620172018201920202021
Revenue$04$648.8M5$514.8M6$244.0M2$250.5M2
Selling, general and admin$34.5M5$31.9M6$43.6M2$32.6M2
Operating income-$875.3K4-$38.0M5-$75.3M6-$222.4M2-$52.0M2
Income before tax-$70.7M2
Income tax$757.0K4$352.0K5-$77.0K6-$824.0K2-$27.0K2
Net income$757.6K4-$59.9M6-$81.8M6-$229.3M2-$70.6M2
Earnings per share$0.084
Earnings per share (diluted)$0.024

Compare U.S. WELL SERVICES HOLDINGS, LLC with another company

Corporate structure

U.S. WELL SERVICES HOLDINGS, LLC sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of U.S. WELL SERVICES HOLDINGS, LLC

  • INTEGRATED CORE STRATEGIES (US) LLC Filed SC 13G/A on U.S. WELL SERVICES HOLDINGS, LLC, latest Feb 10, 2023 (2 filings since Apr 8, 2022)
  • TCW GROUP INC Filed SC 13G/A on U.S. WELL SERVICES HOLDINGS, LLC, latest Nov 9, 2022 (3 filings since Feb 9, 2022)
  • THRC Holdings, LP Filed SC 13D/A on U.S. WELL SERVICES HOLDINGS, LLC, latest Nov 9, 2022 (4 filings since Mar 14, 2022)
  • Crestview Partners III GP, L.P. Filed SC 13D/A on U.S. WELL SERVICES HOLDINGS, LLC, latest Nov 3, 2022 (3 filings since Mar 2, 2022)
  • ANGELO GORDON & CO., L.P. Filed SC 13D/A on U.S. WELL SERVICES HOLDINGS, LLC, latest May 2, 2022 (3 filings since Nov 17, 2021)
  • David J. Matlin Filed SC 13D/A on U.S. WELL SERVICES HOLDINGS, LLC, latest Mar 7, 2022
  • BEAL FINANCIAL CORP Filed SC 13G/A on U.S. WELL SERVICES HOLDINGS, LLC, latest Feb 8, 2022
  • U.S. WELL SERVICES HOLDINGS, LLC Willow Park, Texas

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What U.S. WELL SERVICES HOLDINGS, LLC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$205.9M2 Dec 31, 2021$279.4M2 Dec 31, 2020−26.3%
Accumulated depreciation$43.3M2 Dec 31, 2021$44.1M2 Dec 31, 2020−1.9%
Property and equipment, net$162.7M2 Dec 31, 2021$235.3M2 Dec 31, 2020−30.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$6.4M2 Dec 31, 2021$3.7M2 Dec 31, 2020+72.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$5.0M2 Dec 31, 2021$5.0M2 Dec 31, 20200%
Intangible assets, net (excluding goodwill)$12.5M2 Dec 31, 2021$13.5M2 Dec 31, 2020−7.2%
Finite-lived intangibles, gross$14.2M2 Dec 31, 2021$14.2M2 Dec 31, 20200%
Accumulated amortization$1.7M2 Dec 31, 2021$724.0K2 Dec 31, 2020+133.4%
Finite-lived intangibles, net$12.5M2 Dec 31, 2021$13.5M2 Dec 31, 2020−7.2%

Inventory

ItemLatestA year beforeChange
Inventory, total$6.4M2 Dec 31, 2021$8.0M2 Dec 31, 2020−20.3%

Leadership

Who has led U.S. WELL SERVICES HOLDINGS, LLC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. David J. Matlin2017
  2. Joel Broussard2018–2022
  3. Kyle O'Neill2022

President

  1. Greg Ethridge2017
  2. Joel Broussard2018–2022
  3. Kyle O'Neill2022

Chief financial officer

  1. Rui Gao2017
  2. Kyle O'Neill2018–2022
  3. Joshua Shapiro2022

Chief operating officer

  1. Nathan Brawn2017
  2. Nathan Houston2018–2020
20202025
Board members and other officers (15)

Former names

  • U.S. WELL SERVICES, INC.Nov 9, 2018 to Nov 1, 20223
  • Matlin & Partners Acquisition CorpMay 19, 2016 to Nov 5, 20183
  • MP Acquisition I Corp.Apr 21, 2016 to Apr 21, 20163

Timeline

  1. Nov 7, 20228-K Entered a material agreement; Completed an acquisition or sale; Listing notice or transfer31
  2. Oct 31, 20228-K Change to shareholders' rights; Shareholder vote32
  3. Oct 18, 20228-K Other events33
  4. Oct 6, 20228-K Entered a material agreement; New debt or obligation34
  5. Aug 10, 20228-K Results of operations35
  6. Aug 5, 20228-K Change to shareholders' rights; Bylaws or fiscal year changed; Regulation FD disclosure36
  7. Aug 5, 20228-K Change to shareholders' rights; Bylaws or fiscal year changed; Regulation FD disclosure37
  8. Jul 22, 20228-K Entered a material agreement; New debt or obligation38
  9. Jun 27, 20228-K Entered a material agreement; Executive or director change39
  10. Jun 22, 20228-K Other events40
  11. Jun 9, 20228-K Listing notice or transfer41
  12. May 23, 20228-K Executive or director change; Shareholder vote42
  13. May 20, 2022New chief executive Kyle O'Neill becomes CEO10
  14. Nov 14, 2018New chief executive Joel Broussard becomes CEO11
  15. Mar 9, 2017New chief executive David J. Matlin becomes CEO12

Calendar

When it reported results

  1. Aug 10, 2022Reported quarterly or annual results35
  2. May 16, 2022Reported quarterly or annual results43
  3. Mar 30, 2022Reported quarterly or annual results44
  4. Feb 2, 2022Reported quarterly or annual results45
  5. Nov 12, 2021Reported quarterly or annual results46

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

95 filings to the SEC since October 2021: 1 annual reports, 3 quarterly reports, 23 major events, 21 insider forms, 17 large holders, 30 other. The latest 20:

  1. Feb 10, 2023SC 13G/A EDGAR
  2. Nov 14, 202215-12G EDGAR
  3. Nov 9, 2022SC 13D/A EDGAR
  4. Nov 9, 2022SC 13G/A EDGAR
  5. Nov 9, 20224 FORM 4 SUBMISSION EDGAR
  6. Nov 9, 20224 FORM 4 SUBMISSION EDGAR
  7. Nov 8, 2022EFFECT EDGAR
  8. Nov 8, 2022EFFECT EDGAR
  9. Nov 8, 2022EFFECT EDGAR
  10. Nov 8, 2022EFFECT EDGAR
  11. Nov 8, 2022EFFECT EDGAR
  12. Nov 8, 2022S-8 POS EDGAR
  13. Nov 8, 2022POS AM EDGAR
  14. Nov 8, 2022POS AM EDGAR
  15. Nov 8, 2022POS AM EDGAR
  16. Nov 8, 2022POS AM EDGAR
  17. Nov 8, 2022POS AM EDGAR
  18. Nov 7, 20228-K EDGAR
  19. Nov 3, 20224 EDGAR
  20. Nov 3, 2022SC 13D/A FORM SC 13 D/A EDGAR

The 95 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How U.S. WELL SERVICES HOLDINGS, LLC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARU.S. WELL SERVICES HOLDINGS, LLC1
  • CIK0001670349
  • Employer ID (EIN)81-18471171
  • Filer status<br>emerging growth company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)1389 Oil & Gas Field Services, NEC1
  • Business address333 Shops Boulevard, Suite 301, Willow Park, TX 760871
  • Phone254 776 37221
  • Public float$37.8M as of Jun 30, 20212
  • On EDGAR sinceApr 21, 20161
  • Filings381 in all: 8-K (85), 4 (77), 3 (28), SC 13D/A (22), DEFA14A (20), 10-Q (17), SC 13G/A (16), CORRESP (11)1
    All 44 form types

    EFFECT (11), SC 13G (11), UPLOAD (11), 425 (6), S-3 (6), 10-K (5), POS AM (5), 424B3 (4), DEF 14A (4), SC 13D (4), 424B5 (3), DRS/A (3), PRER14A (3), 25-NSE (2), DEFM14A (2), DRSLTR (2), PRE 14A (2), S-3/A (2), SC TO-I/A (2), 10-K/A (1), 15-12G (1), 3/A (1), 424B4 (1), 424B7 (1), 8-A12B (1), 8-K/A (1), CERTNAS (1), DRS (1), POS EX (1), PREM14A (1), RW (1), S-1 (1), S-1/A (1), S-8 (1), S-8 POS (1), SC TO-I (1)

  • Latest filingsAnnual report (10-K) Mar 30, 2022
    Quarterly report (10-Q) Aug 11, 2022
    Proxy statement (DEF 14A) Apr 20, 2022
    Latest 8-K (8-K) Nov 7, 2022

Sources

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