Summary
ProPetro enters power supply agreement with Coterra's unit
Oilfield services provider ProPetro Holding Corp announced on Friday that its energy unit, PROPWR, signed a deal with a unit of Coterra Energy to supply power for building and installing microgrids in New Mexico's Permian Basin.
Why Is ProPetro (PUMP) Down 13.1% Since Last Earnings Report?
ProPetro (PUMP) reported earnings 30 days ago. What's next for the stock?
ProPetro - Standing Out From Frac Peers With Power
ProPetro (PUMP) continues to expand its PROPWR power segment, now with 360 MW on order and long-term contracts accelerating growth prospects. Frac segment remains resilient with increased long-term contracts, disciplined capital allocation, and a strong balance sheet supporting earnings stability despite Permian headwinds. 2026-2027 EBITDA estimates are poised to rise as PROPWR contracts are announced, with the company targeting 1 GW by 2030 and robust segment growth.
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ProPetro Holding Corp. Profile
| Energy Equipment & Services Industry | Energy Sector | Samuel D. Sledge CEO | NYSE Exchange | 74347M108 CUSIP |
| US Country | 1,900 Employees | - Last Dividend | - Last Split | 17 Mar 2017 IPO Date |
Overview
ProPetro Holding Corp is a Midland, Texas-based company that provides integrated oilfield services, carving a niche for itself in the competitive oil and gas industry since its inception in 2007. Specializing in services critical for the exploration and production sectors, ProPetro primarily operates in the Permian Basin, one of the most significant petroleum-producing regions in the United States. The company's approach combines a suite of essential services that support the upstream oil and gas companies, focusing on efficiency, safety, and reliability.
Products and Services
Hydraulic Fracturing: A key service offered by ProPetro, hydraulic fracturing involves the fracturing of rock by a pressurized liquid to extract oil or gas. This service is critical for enhancing the flow of oil or gas from a well, significantly improving productivity and operational efficiency for their clients.
Wireline Services: ProPetro provides wireline services, which are essential for well logging, perforating, and well intervention. Utilizing specialized equipment and technology, these services allow for the accurate evaluation of geological formations and the properties of rock and fluids present within the well, aiding in the decision-making process for extraction.
Cementing: Another fundamental service offered is cementing, which involves placing cement in the annulus between the wellbore and casing or within the wellbore itself. This service is vital for protecting and sealing the wellbore, preventing the migration of fluids between geological formations, and securing the well casing.
Other Complementary Oilfield Completion Services: Beyond these core services, ProPetro also offers a range of complementary oilfield completion services. These include but are not limited to coiled tubing, sand control services, and stimulation. Each of these services plays a crucial role in the successful completion and optimization of oil and gas wells, catering to the specific needs of their clients and ensuring the efficient and safe production of resources.
Contact Information
