ProPetro (PUMP) - 2021 Q1 - Earnings Call Presentation

Financial Performance (Q1 2021) - ProPetro's Q1 2021 revenue was $161 million[29] - The company reported a net loss of $20 million in Q1 2021[29] - Adjusted EBITDA for Q1 2021 was $20 million[29] - Free cash flow for Q1 2021 was negative $5 million[29] Operational Highlights - 99% of ProPetro's Q1 2021 revenue came from the Permian Basin[29] - Pressure pumping accounted for 98% of the company's Q1 2021 revenue[29] - Multi-well jobs made up 96% of the Q1 job mix[25] Strategic Positioning - ProPetro is focused on the Permian Basin, where over $60 billion in E&P transactions have occurred since 2018[12] - The company is investing in Tier IV DGB and DuraStim technologies to reduce emissions[19, 22] - ProPetro plans to deploy 90,000 HHP of Tier IV DGB by the end of 2021[26] Market Dynamics - The Permian Basin accounts for 66% of the total U S onshore oil-directed rigs[17] - The Permian Basin accounts for 64% of the total U S onshore oil rigs added since August 2020[18]