ProPetro Holding sees FY24 incurred capital expenditures $200M- $250M

ProPetro’s outlook for full year 2024 incurred capital expenditures is expected to be between $200 million and $250 million, a reduction compared to $310 million in 2023. The significant year-over-year reduction is a testament to ProPetro’s strategy of employing capital light assets, such as the FORCESM electric frac fleet, and optimizing our operational and maintenance performance to reduce the capital intensity in our business. Additionally, based on its current outlook for the first quarter of 2024, ProPetro anticipates frac fleet utilization of 14 to 15 fleets.