secwatch.observer — SEC 8-K summary
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Issuer:     ProPetro Holding Corp. (PUMP)
CIK:        0001680247
Form:       8-K
Filed at:   2025-12-12T23:59:59+00:00
Accession:  0001680247-25-000156
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1680247/000168024725000156/0001680247-25-000156-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1680247/000168024725000156/pump-20251212.htm
  HTML page:      https://secwatch.observer/filing/0001680247-25-000156

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