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ProPetro (PUMP) investor relations material

ProPetro 17th Annual Southwest IDEAS Conference summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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17th Annual Southwest IDEAS Conference summary20 Nov, 2025

Strategic vision and business model

  • Focused on sustainable free cash flow, tech-enabled fleet innovation, and a strong balance sheet, with over $1 billion invested since 2022 to refresh assets and technology.

  • Transitioning from traditional capital-intensive models to more resilient, industrialized operations, especially in the Permian Basin.

  • Diversification through new business lines, notably ProPower, and expansion into power generation and data centers.

  • Emphasis on long-term take-or-pay contracts to ensure predictable cash flows.

  • Leveraging deep customer relationships and logistics advantages in the Permian Basin.

Financial performance and capital allocation

  • Q3 revenue was $294 million, with Adjusted EBITDA of $35 million and $25 million in free cash flow from completions.

  • Revenue mix: 71% hydraulic fracturing, 18% wireline, 11% cement; completions remain the core competency.

  • Free cash flow remains resilient despite industry softness, funding growth in the power business.

  • Capital allocation prioritizes ProPower and FORCE electric fleets, with a leasing model for capital efficiency.

  • Share repurchase program in place; history of successful M&A to bolster service lines.

ProPower growth and outlook

  • ProPower launched in late 2022, now generating revenue with 220 MW contracted within eight months.

  • Secured a 10-year, 80 MW take-or-pay microgrid contract with a major E&P operator in the Permian.

  • Long-term data center contract for 60 MW; total equipment orders at 360 MW, targeting 750 MW by 2028 and at least 1 GW by 2030.

  • Anticipates $265–$280 million EBITDA from ProPower by 2030, with high free cash flow conversion.

  • Expansion beyond Permian, including Midwest data center contracts, leveraging mobility of power assets.

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Frequently asked questions

ProPetro Holding Corp. is an oilfield services company that provides hydraulic fracturing, cementing, and other related services to upstream oil and gas companies. The company focuses on supporting exploration and production activities in unconventional resource plays, primarily in the Permian Basin. The company is headquartered in Midland, Texas, and its shares are listed on the NYSE.

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