ProPetro Holding: On track to deploy FORCESM electric frac fleets in 2023

“Looking ahead, we are on track to deploy our first two FORCESM electric frac fleets in 2023, with deployment of our first fleet planned for this month and the second expected to be deployed early in the fourth quarter. We believe that electric equipment will play a significant role in the future of ProPetro and are pleased to see strong demand for our FORCESM electric frac fleets. Additionally, with our strong balance sheet, we continue to make excellent progress on our strategic initiatives, and we will continue to seek value-accretive acquisition opportunities to further enhance our cash flow profile. We will do all of this in a disciplined and opportunistic manner, prioritizing only high-return prospects that will enhance free cash flow and create incremental shareholder value.” Sledge concluded, “In the second half of 2023, we remain focused on advancing our strategy and have no intentions of slowing. Despite some near-term headwinds and fears of a broader market slowdown, we expect to achieve consistently strong financial performance and anticipate continued solid demand for our services. ProPetro is differentiated by service quality, a young, next generation equipment offering, a dedicated blue-chip customer portfolio, and operational density in the Permian. This differentiation continues to insulate us from some of the market inconsistency outside the Permian and in the spot market. As we continue to optimize our operations, transition our fleet, and pursue opportunistic transactions, while maintaining a disciplined asset deployment strategy, we are confident in ProPetro’s future for years to come.” Conference Call Information