Propetro Holding Corp. · NYSE:PUMP
Propetro — Q4 2025 Earnings Presentation
18 slides from Propetro's earnings presentation, Feb 18, 2026
Slide 1: Investor Presentation
INVESTOR PRESENTATION February 2026
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 Twelve Months Ended measures presented in accordance with GAAP. We define
Slide 4: ProPetro's Investment Thesis
ProPetro’s Investment Thesis Sustainable completions free cash Over $1B invested since 2022 in a PROPWR℠ business anchored by flow from reduced capex and refreshed asset base, new technology, contracts — across both oilfield and targeted M&A and diversified service offering data center applications
Slide 5: Leading energy services provider to Permian Basin producers
NYSE Leading energy services provider to blue-chip oil and gas producers in the Permian Basin PUMP 4Q25 Revenue Provider of completions and power generation services $290M Innovating to meet the demand for FORCE® electric 4Q25 Adjusted EBITDA(1) hydraulic fracturing fleets $51M Expanding to meet var
Slide 6: 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 © 2026 ProPetro Holding Corp. All Rights Reserved. 6
Slide 7: 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 8: 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 4Q25 $290 $1 $0.01 $51 $81 $98
Slide 9: Recent PROPWR Milestones
Recent PROPWR Milestones Secured distributed microgrid Deployed our first assets in the field contract with Coterra Energy. during the third quarter of 2025, where we have observed excellent operational efficiency and reliability. Expanded total committed capacity to Expect data center and industria
Slide 10: Potential PROPWR Growth: Next Five Years
Potential PROPWR Growth: Next Five Years Illustrative PROPWR Contracted 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 11: The Next Generation Frac Fleet
The Next Generation Frac Fleet Fleet Transformation to Available Frac Fleet Configuration Match Customer Adoption Tier II Diesel Tier IV DGB Dual-Fuel Electric • Majority of ProPetro’s active hydraulic horsepower is secured under contracts 18 • Dual-fuel and electric technology differentiates ProPet
Slide 12: 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 © 2026 ProPet
Slide 13: 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 14: Free Cash Flow for Completions Business
Industrialized Completions Business COMPLETIONS BUSINESS FREE CASH FLOW VS. PERMIAN RIG COUNT $220 340 $180 Free Cash Flow for Completions Business $M 320 Average Permian Basin Rig Count $140 300 $100 280 $60 260 $20 -$20 240 2023 2024 2025 Free Cash Flow for Completions Business (1) Average Permian
Slide 15: Completions Business Transforming to an Industrialized Model
Completions Business 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 2026 OIH Index IXI Index Dislo
Slide 16: 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 17: 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 18: 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 © 2026 ProPetro Hold