Propetro Holding Corp. · NYSE:PUMP
Propetro — Q1 2025 Earnings Presentation
22 slides from Propetro's earnings presentation, Apr 29, 2025
Slide 1: Investor Presentation April 2025
INVESTOR PRESENTATION April 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: Non-GAAP Reconciliations
Non-GAAP Reconciliations This presentation references “Adjusted Net Income (Loss),” "Adjusted EBITDA," and "Free Cash Flow," which are not financial measures presented in accordance with GAAP. We define Adjusted Net Income (Loss) as net income (loss) plus impairment expense, less income tax benefit.
Slide 4: ProPetro's Investment Thesis
ProPetro’s Investment Thesis Strong free cash flows from Over $1B invested since 2022 in a Discounted valuation multiple reduced capex and targeted refreshed asset base, new relative to peers with a strong M&A technology, and diversified service balance sheet offering Pure-play exposure to the Super
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 1Q25 Free Cash Flow(1) Provider of completions and power generation services $22M Innovating to meet the growing demand of FORCE® electric hydraulic fracturing fleets 1Q25 Revenue $359M Expanding to me
Slide 6: Premium Completions Services
Premium Completions Services 1Q25 Revenue Mix by Service Line 75% Hydraulic Fracturing 15% Wireline 10% 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 TOTAL share data) REVENUE (LOSS) PER SHARE(1) EBITDA(2)(3) OPERATIONS FLOW(2) LIQUIDITY(4) Our bifurcated service model and 1Q25 $359 $10 $0.09 $73 $55 $22 $197 investments in next
Slide 10: 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 11: Confidence in Capital Returns
Confidence in Capital Returns $200M SHARE REPURCHASE PROGRAM Repurchases $111 Remaining $89 $- $50 $100 $150 $200 (in millions) • Dynamic capital allocations strategy to optimize long-term value • Increased plan by $100M on April 24, 2024, and extended plan to May 2025(1) • Intend to extend the shar
Slide 12: Oilfield Services Valuation
Oilfield Services Valuation ENTERPRISE VALUE TO 2025 EBITDA 12.0x 9.0x 6.0x 3.0x - ProPetro continues to be valued at a discount relative to other energy service companies. Source: Bloomberg as of April 25, 2025. © 2025 ProPetro Holding Corp. All Rights Reserved. 12
Slide 13: Transforming to an Industrialized Model
Transforming to an Industrialized Model OIL SERVICES INDEX (OIH) VS. INDUSTRIAL SECTOR INDEX (IXI) Index prices normalized 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 Reason for
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 Frac Fleet Configuration Match Customer Adoption Tier II Diesel Tier IV DGB Dual-Fuel Electric • Dual-fuel and electric technology differentiates ProPetro’s fleet in 18 the industry 16 • Lower capital inte
Slide 15: Tier IV DGB Dual-Fuel Fleet Performance
Tier IV DGB Dual-Fuel Fleet Performance Consuming natural gas versus diesel to reduce costs and lower emissions for customers On average, the fleets are delivering greater than 60% natural gas substitution rates Seven Tier IV DGB dual-fuel fleets active, with two operating under contract Tier IV DGB
Slide 16: FORCE Fleet Performance
FORCE® Fleet Performance LEADING TECHNOLOGY DELIVERING VALUE Four FORCE® fleets operating under contract, with a fifth to be deployed in 2025 Lower emissions, quiet operations, and smaller operational footprint Significant fuel savings and 100% diesel displacement Extended equipment lifespan and red
Slide 17: 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 for energy continues PROPWR adds more certainty of While geared towards oilfield power to grow. PROPWR enables ProPetro mobile power generation capacity applicatio
Slide 18: Electricity Load Growth in the Permian
Electricity Load Growth in the > 26 GW Total Permian Addressable Market by 2038 PROPWR is strategically positioned to meet the increasing and Anticipated underserved electricity demand in other oil and Anticipated demand for the Permian Basin gas growth electric frac by 2028 • ~220 MW currently orde
Slide 19: 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 20: 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 21: 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 Chairman of the Board Lead Independent Director, Officer & Director Operating Officer Audit Committee Chair Celina Davil
Slide 22: Investor Contacts
Investor Contacts CORPORATE HEADQUARTERS 303 W Wall St., Suite 102 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 Holding Corp. All Rights Reserv