ProPetro Holding Corp. announces a contract through its PROPWR division to provide turnkey power for distributed microgrids in the Permian Basin.
The project with Coterra Energy Inc. in New Mexico highlights PROPWR's capabilities and speed-to-market approach.
With this new contract, PROPWR now has over 220 megawatts committed under contract, showcasing its growth and market presence.
Contract with Coterra Energy
ProPetro has secured a significant contract to provide power solutions in the Permian Basin.
Capacity Expansion
The company has ordered an additional 190 megawatts of equipment, aiming to reach one gigawatt or more by 2030.
Financial Projection
Projected capital expenditures for 2026 have increased to $250-275 million, indicating continued investment in growth.
- The contract with Coterra Energy strengthens ProPetro's position in the distributed power market.
- The equipment orders reflect the company's strategic focus on expanding capacity and enhancing operational efficiency.
ProPetro's recent achievements and strategic investments signal a positive outlook for its future growth and leadership in power services. The company's commitment to innovation and operational excellence positions it for sustained success in the industry.