ProPetro Holding Corp. (NYSE:PUMP) will look for strategic acquisitions. Samuel Sledge, Chief Executive Officer, said "As we move forward, we remain acutely focused on taking our business to the next level and executing on our strategic goals to drive meaningful returns.

To achieve this, first, we are actively optimizing our operations through a more industrialized approach to our business, which we expect will unlock additional free cash flow generation into the future. Second, we are continuing to transition our fleet in a way that minimizes our overall capital cost while delivering next-generation services that are in high demand from our customers. And third, we are continuing to pursue opportunistic strategic acquisitions that increase our competitiveness and are in the best interest of all of our stakeholders.

All of this is being done with the ultimate goal of generating strong returns and value for our shareholders, and we are already beginning to realize a portion of the tremendous value that we are confident this strategy will deliver".