Latest ProPetro Services News & Updates

See the latest news and media coverage for ProPetro. We track all announcements, press releases, and industry mentions in real time, all in one place.

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ProPetro Services (ProPetro)

Oilfield services provider in Permian Basin

propetroservices.com
Headquarters
Midland, United States
Founded year
2005
Company type
Public company
Number of employees
1,000–5,000

Last updated

Latest news about ProPetro Services (ProPetro)

In short: ProPetro announced a $500 million convertible notes offering and a strategic power generation agreement with Caterpillar to drive growth.

Company announcements

  • ProPetro

    ProPetro announces proposed $500M convertible senior notes offering

    Proceeds will fund capped call transactions and general corporate purposes, including growth capital for power generation equipment. Notes due 2031.

  • ProPetro

    PROPWR secures strategic framework agreement with Caterpillar

    The agreement enables acquisition of up to 2.1 GW power generation capacity by 2031 for data centers, oil & gas, and industrial customers.

  • ProPetro

    ProPetro reports Q4 and full-year 2025 financial results

    Full-year revenue reached $1.3 billion with Adjusted EBITDA of $208 million. Q4 revenue was $290 million, net income $1 million. PROPWR expanded to 550 MW orders and secured financing.

  • ProPetro

    ProPetro announces public offering of common stock

    The company offers 12,500,000 shares for general corporate purposes, including growth capital for power generation equipment. Underwriters have a 30-day option for 1,875,000 more shares.

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