ProPetro's PROPWR secures Coterra microgrid contract, orders 190 MW, raises 2026 capex guidance

ProPetro Holding Corp.

Contract with Coterra subsidiary for distributed microgrids in New Mexico Permian; deployment starts Q1 2026.
Total committed contracts exceed 220 MW; weighted average contract tenor ~5 years.
Additional equipment orders bring total delivered/on-order capacity to ~550 MW; 70% gas reciprocating, 30% turbine.
2026 capex guidance raised to $250-275M (prior $200-250M) due to equipment orders; LOI for $350M lease facility.
PROPWR targets 750 MW by end-2028 and 1 GW by end-2030; CEO notes 11 frac fleets running into 2026.

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