ProPetro Holding Corp. (NYSE:PUMP) Q4 2023 Earnings Call Transcript

So, I think we’re looking forward to realizing those benefits over time. I don’t think we’re going to be able to give you specifics on that just yet, but give us a few more quarters to see how that pans out over time, but we like what we’re seeing so far.

Luke Lemoine: Okay. And then, David, just to follow-up. I mean once you optimize kind of the cost structure on the FORCE fleets, the cost savings should offset the operating lease payment, correct?

David Schorlemer: I think that’s certainly something that we would expect, and we’re seeing some pretty positive results so far. But again, we’re — this is a new product launch phase that we’re still in. We’ve had a FORCE fleet operating in September. We’ve got enough experience under our belts to realize that the customer is very pleased. Our operations management is able to operate well with very strong performance in the field. But look, we’re still new into this. We like what we’re seeing, but still fresh. Stay tuned.

Luke Lemoine: Okay, all right. Thanks David. Thanks Sam.

Operator: This concludes our question-and-answer session. I would now like to turn the conference back over to Sam Sledge, Chief Executive Officer for any closing remarks.

Sam Sledge: Yes, thanks everybody for joining us today. I hope to talk to you again soon and I’d like to thank all of our ProPetro teammates, again, for all their hard work throughout our business and making this all possible. So, hope to talk to you again soon.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.