Sustainable Free Cash Flow
ProPetro achieved another quarter of free cash flow generation in the completions business despite a challenging market.
Growth in PROPWR Segment
Significant progress in the PROPWR business, including securing a long-term contract for 60 megawatts to support a hyperscaler data center and another contract for a Permian E&P customer.
Strong Financial Position
Total liquidity at the end of the third quarter was $158 million, which includes cash and available capacity under the ABL credit facility.
Strategic Capital Allocation
Approximately 75% of ProPetro's fleet now consists of next-generation gas burning equipment, with plans to increase investments in FORCE electric equipment.
Secured Financing for Growth
Executed a letter of intent for a $350 million leasing facility to fund PROPWR business growth.