ProPetro Holding Corp. (NYSE:PUMP) Q2 2024 Earnings Conference Call July 31, 2024 9:00 AM ET

Company Participants

Matt Augustine - Director of Corporate Development and IR
Sam Sledge - CEO
David Schorlemer - CFO
Adam Munoz - President and COO

Conference Call Participants

Luke Lemoine - Piper Sandler
Derek Podhaizer - Barclays
Arun Jayaram - JPMorgan
John Daniel - Simmons
Scott Gruber - Citigroup
Waqar Syed - ATB Capital Markets
Kurt Hallead - Benchmark
Don Christ - Johnson Rice

Operator

Good day, and welcome to the ProPetro Holding Corp. Second Quarter 2024 Conference Call. Please note, this event is being recorded.

I would now like to turn the call over to Matt Augustine, Director of Corporate Development and Investor Relations for ProPetro Holding Corp. Please go ahead.

Matt Augustine

Thank you and good morning. We appreciate your participation in today's call. With me today is Chief Executive Officer, Sam Sledge; Chief Financial Officer, David Schorlemer; and President and Chief Operating Officer, Adam Munoz. This morning, we released our earnings results for the second quarter of 2024.

Please note that any comments we make on today's call regarding projections or our expectations for future events are forward-looking statements covered by the Private Securities Litigation Reform Act. Forward-looking statements are subject to several risks and uncertainties, many of which are beyond our control. These risks and uncertainties can cause actual results to differ materially from our current expectations. We advise listeners to review our earnings release and risk factors discussed in our filings with the SEC. Also, during today's call we will reference certain non-GAAP financial measures. Reconciliations of these non-GAAP measures to the most directly comparable GAAP measures are included in our earnings release. Finally, after our prepared remarks, we will hold a question-and-answer session.

With that, I would like to turn the call over to Sam.

Sam Sledge

Thanks, Matt, and good morning, everyone.

As we have communicated previously, 2024 is a prove-it year for ProPetro and I'm pleased to report that we are delivering. In the second quarter of 2024, we demonstrated the effectiveness and resilience of our strategy.

We have proven that despite a softer market environment, ProPetro can deliver and is delivering meaningful value for our customers, partners and shareholders. David will walk you through our financial results in a moment, but first, I'd like to share some important business highlights from the second quarter.

Despite unexpected activity disruptions during the quarter, our focus on industrializing our business and prudent dynamic capital allocation has helped ProPetro deliver resilient free cash flow generation. We expect our strong free cash flow to continue, thanks to the investments we've made and the strategic decisions we've taken to position our business for sustainable, long-term value creation. Underpinning our strategy and our confidence are three core principles, which you have heard us discuss previously. I'll walk through each and share details on our progress.