ProPetro Holding Corp (NYSE:PUMP) Q3 2024 Results Conference Call October 30, 2024 9:00 AM ET

Company Participants

Matt Augustine - Director of Corporate Development and IR
Sam Sledge - Chief Executive Officer
David Schorlemer - Chief Financial Officer

Conference Call Participants

Eddie Kim - Barclays
Waqar Syed - ATB Capital Markets
John Daniel - Daniel Energy Partners
Scott Gruber - Citigroup
Kurt Hallead - Benchmark
Jeff LeBlanc - TPH
Stephen Gengaro - Stifel
Sean Mitchell - Daniel Energy Partners

Operator

Good day, and welcome to the ProPetro Holding Corp. Third Quarter 2024 Conference Call. Please note, this event is being recorded. [Operator Instructions]

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

Matt Augustine

Thank you and good morning. We appreciate your participation in today's call. With me today are 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 third 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. I'm pleased to report that, thanks to the hard work and disciplined execution of our team, ProPetro delivered strong results in the third quarter.

Despite the challenging market environment for our industry, our free cash flow generation has been resilient, thanks to our clear strategy anchored by next generation investments and our focus on an industrialized operating model. Without question, we are seeing some of the same market softness as many of our peers, however, due to the strategic actions we have taken, we are generating strong, sustainable free cash flow while also taking market share. Over the last year you have heard us state that 2024 is a prove it year for ProPetro and we are doing exactly that. Let me walk you through how we are doing exactly that before turning it over to David to review our financial results.