Propetro Holding Corp. · NYSE:PUMP
Propetro — Q3 2025 Earnings Presentation
23 slides from Propetro's earnings presentation, Oct 29, 2025
Slide 1: Investor Presentation
INVESTOR PRESENTATION October 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements Except for historical information contained herein, the statements and information in this presentation, including the oral statements made in connection herewith, are forward- looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securitie
Slide 3: Selected Financial & Non-GAAP Reconciliations
Selected Financial & Non-GAAP Reconciliations This presentation references "Adjusted EBITDA," "Free Cash Flow," and “Free Cash Flow for Completions Business,” which are not financial Non-GAAP Reconciliation Three Months Ended Nine Months Ended measures presented in accordance with GAAP. We define EB
Slide 4: ProPetro's Investment Thesis
ProPetro’s Investment Thesis Sustainable completions free Over $1B invested since 2022 in a Discounted valuation multiple cash flow from reduced capex refreshed asset base, new relative to peers with a strong and targeted M&A technology, and diversified service balance sheet offering Pure-play expos
Slide 5: Leading energy services provider in the Permian Basin
NYSE Leading energy services provider to blue-chip oil and gas producers in the Permian Basin PUMP 3Q25 Revenue Provider of completions and power generation services $294M Innovating to meet the growing demand for FORCE® 3Q25 Adjusted EBITDA(1) electric hydraulic fracturing fleets $35M Expanding to
Slide 6: Premium Completions Services
Premium Completions Services 3Q25 Revenue Mix by Service Line 71% Hydraulic Fracturing 18% Wireline 11% Cementing © 2025 ProPetro Holding Corp. All Rights Reserved. 6
Slide 7: Our Strategy and Execution
Our Strategy and Execution Optimize Fleet transition and innovative Power generation and industrialize technologies opportunity Strategic Strong financial Generate durable transactions foundation earnings and free cash flow © 2025 ProPetro Holding Corp. All Rights Reserved. 7
Slide 8: Land of Reliable Energy
Land of Reliable Energy THE PERMIAN BASIN The Permian Basin is one of the most prolific areas for hydrocarbon production globally and Midland, Texas Corporate Headquarters and is renowned for its vast reserves of oil and primary operating facilities natural gas. • ProPetro is strategically located i
Slide 9: A Strategy Yielding Results
A Strategy Yielding Results (In millions except %’s and per TOTAL NET INCOME EARNINGS ADJUSTED CASH FLOW FROM FREE CASH FLOW FOR COMPLETIONS TOTAL share data) REVENUE (LOSS) PER SHARE(1) EBITDA(2)(3) OPERATIONS BUSINESS(2) LIQUIDITY(4) Our bifurcated service model and 3Q25 $294 ($2) ($0.02) $35 $42
Slide 10: PROPWR: Meeting Power Demand with Runway for Growth
PROPWR: Meeting Power Demand with Runway for Growth Aligned to Demand Complementary to FORCE® Diversification Opportunities Power demand is rising rapidly. PROPWR adds more certainty of While geared towards oilfield and PROPWR gives ProPetro access to mobile power generation capacity data center pow
Slide 11: Recent PROPWR Milestones
Recent PROPWR Milestones Deployed our first assets in the field Secured long-term contract to commit during the third quarter of 2025, 60 megawatts of power capacity to a where we have observed excellent leading data center, marking PROPWR’s operational efficiency and reliability. entry into the dat
Slide 12: Potential PROPWR Growth: Next Five Years
Potential PROPWR Growth: Next Five Years Illustrative Contracted PROPWR EBITDA and Deployed Megawatt Growth Estimated growth potential supported by customer demand and supply chain relationships $300 1200 $265 - $280 Megawatts under order or active discussion $225 - $240 Annualized EBITDA at Year En
Slide 13: Commercial Rationale
Commercial Rationale Permian customers and Proximity of power molecules commercial relationships in the Permian Field service logistics and Employment of equipment equipment maintenance with similar maintenance excellence and logistics requirements Electric frac expansion Internal demand - vertical
Slide 14: The Next Generation
The Next Generation D U A L- F U E L A N D F O R C E ® E L E C T R I C Fleet Transformation to Available Frac Fleet Configuration Match Customer Adoption Tier II Diesel Tier IV DGB Dual-Fuel Electric • Approximately 70% of ProPetro’s active hydraulic horsepower is now secured 18 under long-term cont
Slide 15: FORCE Fleet Performance
FORCE® Fleet Performance LEADING TECHNOLOGY DELIVERING VALUE Four FORCE® fleets operating under contract Lower emissions, quiet operations, and smaller operational footprint Significant fuel savings and 100% diesel displacement Extended equipment lifespan and reduced operating expenses © 2025 ProPet
Slide 16: Confidence in Capital Returns
Confidence in Capital Returns $200M SHARE REPURCHASE PROGRAM Repurchases $111 Remaining $89 $- $50 $100 $150 $200 (in millions) • Dynamic capital allocation strategy to optimize long-term value • Extended plan to December 2026(1) • Retired 13M shares (11%) outstanding since inception through Septemb
Slide 17: Advancing Growth Strategy Through Targeted M&A
Advancing Growth Strategy Through Targeted M&A Wireline Cementing Wet Sand Solutions acquired in 2022 acquired in 2023 acquired in 2024 Highly Strong free cash flow(1) Reduces future Complementary Horizontal complementary generation capital spending cultures, operating integration and completions bu
Slide 18: Industrialized Completions Business
Industrialized Completions Business COMPLETIONS BUSINESS FREE CASH FLOW VS. PERMIAN RIG COUNT $120 340 $100 Free Cash Flow for Completions Business $M 320 Average Permian Basin Rig Count $80 300 $60 $40 280 $20 260 $0 -$20 240 2023 2024 2025 YTD Free Cash Flow for Completions Business (1) Average Pe
Slide 19: Oilfield Services Valuation
Oilfield Services Valuation ENTERPRISE VALUE TO 2025 EBITDA 16.0x 14.0x 12.0x 10.0x 8.0x 6.0x 4.0x 2.0x - ProPetro continues to be valued at a discount relative to other energy service companies. Source: Bloomberg as of October 27, 2025. © 2025 ProPetro Holding Corp. All Rights Reserved. 19
Slide 20: Transforming to an Industrialized Model
Transforming to an Industrialized Model OIL SERVICES INDEX (OIH) VS. INDUSTRIAL SECTOR INDEX (IXI) Index prices normalized 300% 200% An industrialized model deserves a 100% valuation rerate. 0% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 OIH Index IXI Index Dislocation of OFS Stocks Reaso
Slide 21: Who We Are
Who We Are Customer Based in the Transitioning Proven results Disciplined Reducing Driving the focused and resource-rich to efficient year-after-year capital emissions and next team driven Permian Basin and more allocation and investing in generation of capital-light asset longer-lived sustainable f
Slide 22: Committed to Shareholder Value Creation
Committed to Shareholder Value Creation OUR LEADERSHIP Company Management Board of Directors Sam Sledge Adam Muñoz Phillip A. Gobe Anthony Best Chief Executive President and Chief Independent Chairman of the Independent Director, Audit Officer & Director Operating Officer Board Committee Chair Caleb
Slide 23: Investor Contacts
Investor Contacts CORPORATE HEADQUARTERS One Marienfeld Place 110 North Marienfeld, Suite 300 Midland, TX 79701 432.688.0012 www.propetroservices.com INVESTOR RELATIONS MATT AUGUSTINE Vice President, Finance and Investor Relations matt.augustine@propetroservices.com 432.219.7620 © 2025 ProPetro Hold