SCHEDULE: Vanguard Group Amends ProPetro Holding Stake

The Vanguard Group has filed an Amendment No. 11 to its Schedule 13G, disclosing a 6.17% beneficial ownership stake in ProPetro Holding Corp as of September 30, 2025.

Summary

• The Vanguard Group reported beneficial ownership of 6,417,153 shares of ProPetro Holding Corp common stock.
• This represents 6.17% of the class of securities.
• Vanguard holds sole dispositive power over 5,723,970 shares and shared dispositive power over 693,183 shares.
• Shared voting power is held over 612,646 shares, with no sole voting power.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: This is a routine Schedule 13G amendment filing by a passive institutional investor, indicating no significant positive or negative sentiment beyond the disclosure of ownership.

Positives

• Vanguard's continued significant passive investment in ProPetro Holding Corp indicates ongoing institutional interest.

Negatives

• No specific negative information is disclosed in this passive ownership filing.

Risks

• This filing does not disclose specific risks related to ProPetro Holding Corp's operations or financial health. It is a disclosure of beneficial ownership by an institutional investor.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding ProPetro Holding Corp's future performance or operations.

Management Comments

• The Vanguard Group certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

This filing reflects a routine disclosure by a major institutional asset manager, The Vanguard Group, regarding its passive investment in ProPetro Holding Corp, an oilfield services company. Such disclosures are common for large index fund managers and typically do not indicate a change in investment strategy specific to the issuer's industry, but rather reflect portfolio adjustments or rebalancing within broad market indices.

Comparison to Industry Standards

• As a passive ownership disclosure, this filing does not provide operational or financial results for comparison.
• The Vanguard Group's holding of 6.17% in ProPetro Holding Corp is a standard level of institutional ownership for a large asset manager, consistent with its role in managing diversified funds that track various market indices.
• No specific comparable companies or projects are mentioned in this filing.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, confirming a passive investment approach.
• Company Management: Awareness of a large, passive institutional shareholder.

Next Steps

• The filing does not outline any specific future actions or milestones for ProPetro Holding Corp or The Vanguard Group beyond the ongoing management of the investment.

Key Dates

Recommendation

This Schedule 13G filing is a routine disclosure of passive beneficial ownership by The Vanguard Group. It does not contain new information regarding ProPetro Holding Corp's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. The filing simply updates the reported stake of a large institutional investor, which is typically a neutral event for the stock's fundamental outlook.

Keywords

ProPetro Holding Corp, Vanguard Group, Schedule 13G, beneficial ownership, common stock, institutional investor, passive investment, equity stake