secwatch.observer — SEC 8-K summary
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Issuer:     ProPetro Holding Corp. (PUMP)
CIK:        0001680247
Form:       8-K
Filed at:   2026-04-30T23:59:59+00:00
Accession:  0001680247-26-000058
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1680247/000168024726000058/0001680247-26-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1680247/000168024726000058/pump-20260428.htm
  HTML page:      https://secwatch.observer/filing/0001680247-26-000058

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