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ProPetro Holding Corp. reports news about its completion-services business and the expansion of its PROPWR power generation division. The company provides premium completion services to upstream oil and gas operators developing North American unconventional resources, with a history of hydraulic fracturing activity centered on the Permian Basin.
Recurring updates include quarterly operating results, fleet utilization, FORCE electric fleet execution, gas-to-power solutions for oil and gas, data center and industrial customers, equipment purchases, lease and debt financing, convertible note activity, and supplier or customer agreements supporting power generation capacity.
ProPetro (NYSE: PUMP) priced an upsized private offering of $600 million 0.00% convertible senior notes due Nov 15, 2031, up from $500 million, settling May 7, 2026. Net proceeds are estimated at $581.3 million (or ~$668.6 million if option exercised).
Initial conversion rate is 43.1616 shares/$1,000 (conversion price ≈ $23.17), versus last sale price of $16.85. ProPetro will use ~$32.0 million to fund capped call transactions (cap ≈ $29.49). Notes are senior unsecured, convertible beginning on certain events and freely convertible from Aug 15, 2031.
ProPetro (NYSE: PUMP) announced a proposed private offering of $500,000,000 aggregate principal amount of convertible senior notes due November 15, 2031, with an initial purchaser option for an additional $75,000,000. A portion of proceeds will fund capped call transactions; remainder for general corporate purposes, including growth capital for additional power generation equipment. Notes will be senior unsecured, accrue semi-annual interest, be convertible under specified conditions, and may be redeemed or repurchased subject to stated terms.
ProPetro (NYSE: PUMP) reported Q1 2026 results: revenue $271M (down 7% QoQ), net loss $4M (loss $0.03/diluted share), and Adjusted EBITDA $36M (13% of revenue; down 29% QoQ). Cash and equivalents were $157M with total liquidity of $289M. Q1 capex paid was $43M, incurred $85M. PROPWR secured a framework agreement with Caterpillar for up to ~2.1 GW additional capacity, positioning PROPWR for ~2.6 GW by year-end 2031. Full-year 2026 capex guidance increased to $540M–$610M.
ProPetro (NYSE: PUMP) said PROPWR reached a strategic framework agreement with Caterpillar (NYSE: CAT) to purchase at least 1.5 GW of incremental power generation assets, with an option to reach ~2.1 GW over five years. Combined with ~550 MW previously ordered, PROPWR targets ~2.6 GW delivered by year-end 2031 and fully deployed in 2032. Funding is planned from ProPetro free cash flow, growth in the power segment, and flexible financing; a recent equity offering strengthened the balance sheet and liquidity.
ProPetro (NYSE: PUMP) updated the timing for its Q1 2026 earnings release and conference call.
The company will issue its earnings release Thursday, April 30, 2026 before market open and host a conference call that day at 10:00 AM Central Time. Dial-in and webcast details are provided, and a one-week replay will be available with access code 9101849.
ProPetro (NYSE: PUMP) will release its first quarter 2026 earnings on Wednesday, April 29, 2026 before market open and host a conference call the same day at 8:00 AM Central Time.
U.S. and international dial-in numbers, a live webcast on the company website, and a one-week replay with access code 9101849 are provided for investor access.
Eldridge closed a $350 million lease facility with ProPetro Energy Solutions d/b/a PROPWR, a subsidiary of ProPetro Holding Corp (NYSE: PUMP). The facility funds acquisition of high-efficiency natural gas generators and modular turbines to support PROPWR’s target of 750 megawatts by 2028.
Since 2025 Eldridge has committed more than $2 billion across 2.4 gigawatts in power; Eldridge has originated over $17 billion of asset-based transactions since 2015 and operates the largest private equipment finance platform in North America as of 2026.
ProPetro (NYSE: PUMP) reported full-year 2025 revenue of $1.3 billion and net income of $1 million (diluted EPS $0.01). Adjusted EBITDA was $208 million and Free Cash Flow for the Completions business was $190 million. PROPWR orders total ~550 MW with committed capacity ≈240 MW. The company completed a $163 million equity offering and secured expanded financing, including a $350 million lease facility. 2026 capex guidance is $390–435 million, including PROPWR spending of $250–275 million.
ProPetro Holding Corp (NYSE: PUMP) priced an upsized underwritten public offering of 15,000,000 shares of common stock at $10.00 per share, a 2,500,000-share increase from the originally proposed 12,500,000 shares.
The company granted underwriters a 30-day option to purchase up to an additional 2,250,000 shares at the public offering price less underwriting discounts and commissions. Proceeds are intended for general corporate purposes, including funding growth capital for additional power generation equipment. The offering is expected to close on January 28, 2026, subject to customary closing conditions.
ProPetro Holding Corp (NYSE: PUMP) announced an underwritten public offering of 12,500,000 shares of common stock, with a 30-day option for underwriters to purchase up to 1,875,000 additional shares. The offering is being made under an effective Form S-3 shelf registration and a preliminary prospectus supplement has been filed with the SEC.
The company said it intends to use net proceeds for general corporate purposes, including funding growth capital for additional power generation equipment. Goldman Sachs & Co. LLC is lead book-running manager. The offering is subject to market and other conditions and may not be completed on the proposed terms.