John Daniels's questions to ProPetro Holding (PUMP) leadership • Q3 2024
Question
John Daniels inquired if ProPetro's acquisition strategy will continue to focus on ancillary services, asked if the active Tier II diesel fleets were included in the recent impairment charge, and questioned the deployment plan for new e-fleets in 2025.
Answer
CEO Sam Sledge confirmed the M&A focus remains primarily on ancillary services, though the company keeps an open mind. He also affirmed that the entire Tier II asset base, including currently operating fleets, was part of the impairment. For 2025, Sledge explained that new FORCE electric fleets will likely replace retiring conventional assets to maintain a stable fleet count of 14-15, rather than expanding the total number of active fleets.