ProPetro Holding announces strategic framework agreement with Caterpillar

ProPetro Holding (PUMP) announced that its PROPWR business unit has entered into a strategic framework agreement with Caterpillar (CAT) to purchase up to 2.1 gigawatts of power generation assets to support the growing energy demands of data center, oil and gas and industrial customers with efficient, reliable solutions. Under this agreement, PROPWR agrees to purchase at least 1.5 GW of incremental power generation assets, with the option to bring the total to approximately 2.1 GW of additional power generation capacity over the next five years. When combined with the approximately 550 megawatts previously ordered, PROPWR is positioned to have approximately 2.6 GW of power generation capacity delivered by year-end 2031 and fully deployed in 2032.