ProPetro Holding Corp.

ProPetro Holding Corp. is an integrated energy service company headquartered in Midland, Texas, focused on providing hydraulic fracturing and other complementary services to leading upstream oil and gas companies. The company's mission is to deliver value to its customers throughout the well lifecycle, primarily within the Permian Basin, while also pursuing environmentally sustainable innovations.

ProPetro's core services include hydraulic fracturing, wireline, cementing, coiled tubing, and sand logistics, catering exclusively to exploration and production companies operating in the Permian Basin, specifically the Midland and Delaware sub-basins of West Texas and southeastern New Mexico. Additionally, the company has diversified its offerings with its PROPWR segment, which provides power generation services for both oil and gas producers and non-oil and gas applications, such as data centers.

Under the leadership of CEO Samuel D. Sledge, ProPetro is actively engaged in fleet modernization, including the deployment of all-electric frac fleets. A notable recent development is the strategic framework agreement secured by its PROPWR unit with Caterpillar Inc. for up to 2.6 GW of power generation capacity by 2031, signaling a strategic pivot towards the growing data center market. While the company recently reported Q1 2026 earnings that beat EPS forecasts, it missed revenue estimates, leading to a decline in stock performance amidst broader market conditions.