ProPetro Holding Corp. filings document an NYSE-listed oilfield-services issuer with common stock trading under PUMP, a completion-services platform and the PROPWR gas-to-power business. Form 8-K reports cover operating and financial results, investor presentations, material agreements, equipment loans, lease financing, and capital-structure actions such as convertible senior notes and capped call transactions.
Proxy materials describe shareholder voting matters, governance, the company’s completion-services strategy, FORCE electric fleets, and the development of PROPWR for oil and gas, data center and industrial customers. The filings also identify registered securities, subsidiary financing arrangements, risk and governance disclosures, and the formal terms of material debt instruments.
ProPetro Holding Corp. completed a private offering of $690 million of 0.00% convertible senior notes due 2031 and amended its asset-based credit facility to increase borrowing capacity and extend its maturity. The notes are senior unsecured obligations that may be settled in cash, stock, or a combination at conversion.
The initial conversion rate is 43.1616 shares per $1,000 principal amount (conversion price about $23.17 per share, a 37.5% premium to the $16.85 stock price on May 4, 2026). ProPetro also entered into capped call transactions, paying about $36.8 million to raise the effective conversion cap to an initial price of approximately $29.49 per share, and increased revolving credit commitments to $350 million under the amended ABL facility.
ProPetro Holding Corp. plans a private offering of $500,000,000 aggregate principal amount of convertible senior notes due 2031 to qualified institutional buyers, with an option for initial purchasers to buy up to an additional $75,000,000 of notes. The notes are senior, unsecured, pay semi-annual interest, are convertible into cash, common stock, or both, and are redeemable from May 15, 2029 if the share price exceeds 130% of the conversion price. A portion of proceeds will fund capped call transactions designed to limit dilution, with the remainder directed to general corporate purposes, including growth capital for additional power generation equipment. Substantially contemporaneously with pricing, ProPetro will amend its ABL credit facility, extending the maturity to May 2031, increasing revolving commitments to $350 million with an accordion up to the greater of $150 million or excess borrowing base, and adding power generation equipment to the borrowing base. As of May 1, 2026, ProPetro held $154 million in cash and cash equivalents and reported an ABL borrowing base of approximately $150.8 million.
ProPetro Holding Corp. plans a private offering of $500,000,000 aggregate principal amount of convertible senior notes due 2031 to qualified institutional buyers, with an option for initial purchasers to buy up to an additional $75,000,000 of notes. The notes are senior, unsecured, pay semi-annual interest, are convertible into cash, common stock, or both, and are redeemable from May 15, 2029 if the share price exceeds 130% of the conversion price. A portion of proceeds will fund capped call transactions designed to limit dilution, with the remainder directed to general corporate purposes, including growth capital for additional power generation equipment. Substantially contemporaneously with pricing, ProPetro will amend its ABL credit facility, extending the maturity to May 2031, increasing revolving commitments to $350 million with an accordion up to the greater of $150 million or excess borrowing base, and adding power generation equipment to the borrowing base. As of May 1, 2026, ProPetro held $154 million in cash and cash equivalents and reported an ABL borrowing base of approximately $150.8 million.
Wood William Michael reported acquisition or exercise transactions in this Form 4 filing.
ProPetro Holding Corp. reported that Sr Vice President - Operations William Michael Wood received a grant of 71,428 Restricted Stock Units (RSUs). Each RSU represents a right to receive either one share of common stock or cash equal to the share’s fair market value. The RSUs vest in two installments, with 40% vesting on November 1, 2027 and the remaining 60% vesting on May 1, 2029. Following this award, Wood beneficially holds 121,179 RSUs directly.
ProPetro Holding Corp. reported weaker results for the three months ended March 31, 2026. Service revenue fell to $270.7 million from $359.4 million a year earlier, and the company swung from net income of $9.6 million to a net loss of $3.6 million, or $(0.03) per share.
Operating activities generated only $2.7 million of cash, down sharply from $54.7 million in the prior-year period, while capital expenditures used $40.9 million of cash. To fund growth, mainly additional power generation equipment, ProPetro completed a public equity offering of 17.25 million shares at $10.00 per share, receiving approximately $163.4 million in net proceeds.
The balance sheet expanded, with total assets rising to $1.41 billion and shareholders’ equity to $988.7 million. The company repaid borrowings under its asset-based loan facility and now relies more on equipment financing loans tied to new power generation assets, while also disclosing significant future commitments for additional equipment and lease obligations.
ProPetro Holding Corp. entered a large power-equipment deal and reported weaker quarterly results. Its PROPWR subsidiary signed a Global Framework Agreement with Caterpillar, under which Caterpillar will reserve about 1.5 gigawatts of power generation capacity and ProPetro committed to a minimum aggregate purchase of approximately $1.1 billion, with an option for roughly 600 additional megawatts through 2031.
For the first quarter of 2026, revenue was $271 million, down 7% from the prior quarter, and the company posted a net loss of $3.6 million, or $0.03 per diluted share, versus a small profit previously. Adjusted EBITDA fell to $36 million, or 13% of revenue, reflecting weather-driven utilization issues. ProPetro ended the quarter with $157 million in cash and $289 million of total liquidity, while capital expenditures incurred rose to $85 million, mostly for PROPWR. Management now expects full-year 2026 capital expenditures incurred of $540–$610 million, including $140–$160 million for the completions business and about $400–$450 million for PROPWR, driven by the Caterpillar framework agreement.
ProPetro Holding Corp. senior vice president of operations William Michael Wood reported his initial holdings of equity awards in the form of restricted stock units (RSUs). The filing shows he holds RSUs tied to 49,751 shares of common stock, all held directly.
Each RSU represents a contingent right to receive either one share of ProPetro common stock or cash equal to the fair market value of one share. These RSUs vest in three substantially equal annual installments starting on the first anniversary of the grant dates.
The position includes 9,862 RSUs granted on February 28, 2024, 18,126 RSUs granted on March 4, 2025, and 21,763 RSUs granted on February 27, 2026, providing a multi‑year, service-based compensation structure for the executive.
ProPetro Holding Corp. is asking stockholders to vote at its 2026 annual meeting on eight director nominees, executive pay, an updated long-term incentive plan, and ratification of RSM US LLP as auditor. The proxy highlights 2025 revenue of $1.3 billion and net cash from operating activities of $232 million.
The company emphasizes a strategic pivot toward its PROPWR power generation business, with approximately 550 megawatts of delivered or on-order capacity and about 230 megawatts committed under customer contracts by year-end 2025. Governance disclosures detail an independent chairman, fully independent key board committees, director compensation, related-party transactions, and stock ownership and clawback policies.
ProPetro Holding Corp Schedule 13G/A Amendment No. 12: The Vanguard Group reports 0 shares beneficially owned of Common Stock, representing 0% of the class. The filing explains an internal realignment effective 01/12/2026 under SEC Release No. 34-39538 that caused certain Vanguard subsidiaries and business divisions to report separately.
The filing is signed by Ashley Grim, Head of Global Fund Administration, dated 03/27/2026. The disclosure states Vanguard entities retain dividend/proceeds rights for managed accounts but no single other person holds more than 5%.
ProPetro Holding Corp. General Counsel and Corporate Secretary John J. Mitchell exercised previously awarded restricted stock units on March 4, 2026. He converted 18,705 RSUs into 18,705 shares of common stock at a stated price of $0.0000 per share. To cover taxes from this vesting and settlement, 7,361 common shares were withheld at $12.4900 per share. After these transactions, he held 118,396 shares of common stock and 107,661 RSUs directly. On March 4, 2025, he was granted 56,117 RSUs, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date.