ProPetro reports Q1 loss, signs $1.1B Caterpillar deal for 2.1 GW power capacity

ProPetro Holding Corp.

Q1 revenue $271M, down 7% QoQ; net loss $4M ($0.03 loss per share) vs prior quarter net income $1M.
Adjusted EBITDA $36M (13% revenue), down 29% QoQ; capex incurred $85M, paid $43M.
Entered Global Framework Agreement with Caterpillar: minimum purchase obligation $1.1B for 1.5 GW, option for additional 600 MW.
PROPWR positioned to have 2.6 GW power capacity delivered by year-end 2031, including 550 MW previously ordered.
Advanced negotiations for ~100 MW oil & gas microgrid projects; data center opportunities progressing.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ProPetro Holding Corp. reported first quarter of 2026 results: revenue Total revenue of $271 million, net income Net loss was $4 million, EPS $0.03 loss per diluted share.

Period: first quarter of 2026
Revenue: Total revenue of $271 million
Net income: Net loss was $4 million
EPS: $0.03 loss per diluted share
Result: reported results

Exact text from the filing

ProPetro Reports Financial Results for the First Quarter of 2026 MIDLAND, Texas, April 30, 2026, (Business Wire) – ProPetro Holding Corp. ("ProPetro" or "the Company") (NYSE: PUMP) today announced financial and operational results for the first quarter of 2026. First Quarter 2026 Results and Highlights • Total revenue of $271 million, which decreased 7% as compared to $290 million for the prior quarter. • Net loss was $4 million ($0.03 loss per diluted share) as compared to a net income of $1 million in the prior quarter ($0.01 income per diluted share).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ProPetro Holding Corp. entered into Global Framework Agreement with Caterpillar Inc. valued at approximately $1.1 billion (effective 2026-04-28).

Action: entry
Counterparty: Caterpillar Inc.
Value: approximately $1.1 billion
Effective: 2026-04-28

Exact text from the filing

entered into a Global Framework Agreement (the “GFA”) with Caterpillar Inc. (“Caterpillar”), a Delaware corporation, pursuant to which Caterpillar will reserve approximately 1.5 gigawatts (“Reserved Capacity”) of incremental power generation equipment

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ProPetro Holding Corp. filing history →

Source: SEC EDGAR

accession 0001680247-26-000058

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