ProPetro signs multi-year contract for first electric frac fleet; orders two additional e-fleets

ProPetro Holding Corp.

Signed multi-year contract with leading independent Permian operator for first electric frac fleet; three-year term starting after delivery in Q3 2023.
Initially will use Tier IV DGB dual-fuel equipment, then transition to e-fleet upon delivery.
Placed orders for two additional electric frac fleets with expected delivery in Q4 2023, bringing total e-fleet orders to four.
Electric assets acquired under capital-light long-term lease agreement; expected to replace future capital investments in conventional diesel equipment.

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