PROPWR, the power services division of ProPetro Holding Corp., has entered into a strategic framework agreement with Caterpillar to purchase up to 2.1 gigawatts of power generation assets over the next five years to support the growing energy demands of data center, oil and gas, and industrial customers. Under the agreement, PROPWR will purchase at least 1.5 GW of incremental power generation assets, with the option to bring the total to approximately 2.1 GW of additional capacity. Combined with approximately 550 megawatts previously ordered, PROPWR is positioned to have approximately 2.6 GW of power generation capacity delivered by year-end 2031 and fully deployed in 2032.
ProPetro is a Midland, Texas-based provider of completion services to upstream oil and gas companies, and through PROPWR delivers gas-to-power solutions serving data center, oil and gas, and industrial customers across the United States. Caterpillar reported 2025 sales and revenues of $67.6 billion and is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, and industrial gas turbines. ProPetro trades on the NYSE under the ticker PUMP and Caterpillar trades under CAT.
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“We are pleased to build upon the strong momentum PROPWR has established since its inception. This agreement marks a major milestone in the expansion of our strategic collaboration with Caterpillar, reinforcing our position as a leader in high-efficiency power-as-a-service solutions.”
Travis Simmering, President, PROPWR
“By leveraging the global reputation of the Caterpillar brand and the proven success of our historical collaboration, we are poised to enhance reliability, drive operational excellence, and deliver exceptional value to our customers. This collaboration will be a key enabler in achieving PROPWR’s long-term objectives and sustaining our rapid growth trajectory.”
Sam Sledge, Chief Executive Officer, ProPetro
“This agreement reflects the strength of our long-standing collaboration with ProPetro and a shared focus on helping customers meet growing power needs with reliable, scalable solutions. As demand from data centers and other energy intensive applications continue to accelerate, Caterpillar is committed to supporting PROPWR with proven power generation technologies and the global scale needed to execute over the long term.”
Tara Rossman, Senior Vice President of Oil and Gas and Marine, Caterpillar
