ProPetro (NYSE: PUMP) inks Permian power deal and adds 190 MW capacity
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
ProPetro Holding Corp. announced that its wholly owned subsidiary, ProPetro Energy Solutions, LLC (PROPWRSM), has entered into a contract to supply power to a subsidiary of Coterra Energy Inc. in the New Mexico portion of the Permian Basin. This agreement links ProPetro’s power services to a major operator in one of the most active oil and gas regions in the United States.
To support this new power-supply contract and related activity, ProPetro has placed orders for an additional 190 megawatts of equipment. Expanding its equipment base at this scale suggests a meaningful commitment to growing its power solutions footprint alongside its existing oilfield services presence in the Permian Basin.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
FAQ
What did ProPetro Holding Corp. (PUMP) announce on December 12, 2025?
ProPetro Holding Corp. announced that its subsidiary ProPetro Energy Solutions, LLC (PROPWRSM) entered into a contract to supply power to a subsidiary of Coterra Energy Inc. in the New Mexico portion of the Permian Basin and placed orders for an additional 190 megawatts of equipment.
Who is ProPetro supplying power to under the new contract?
ProPetro, through its subsidiary ProPetro Energy Solutions, LLC, will supply power to a subsidiary of Coterra Energy Inc. operating in the New Mexico portion of the Permian Basin.
How much new equipment capacity is ProPetro adding?
ProPetro has placed orders for an additional 190 megawatts of equipment to support its power-supply activities.
Which ProPetro subsidiary is involved in the new power-supply contract?
The contract was entered into by ProPetro’s wholly owned subsidiary, ProPetro Energy Solutions, LLC, which is referenced as PROPWRSM.
Does the announcement affect ProPetro’s financial statements directly?
The announcement was furnished under a Regulation FD disclosure, and the information, including the press release, is not deemed filed for purposes of Section 18 of the Exchange Act or incorporated by reference into other filings unless specifically stated.
Where will the new ProPetro power-supply operations be located?
The power-supply contract relates to operations in the New Mexico portion of the Permian Basin, a major U.S. oil and gas producing region.