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StocksMediumUpdated•Originally published 29 April 2026•Updated 29 April 2026•

1 min read

ProPetro-Caterpillar Deal to Boost Power Capacity to 2.6 GW by 2031

Key Facts

1ProPetro's PROPWR unit entered a strategic framework agreement with Caterpillar to purchase up to 2.1 gigawatts of power generation assets by 2031.

2The agreement aims to support growing energy demands from data centers, oil and gas, and industrial customers.

about 1 month ago

Version History

Version 1about 1 month ago

What changed: Updated total target capacity to 2.6 GW and established 2032 as the timeline for full deployment.

ProPetro Holding Corp.'s subsidiary, PROPWR, has updated its strategic outlook following a framework agreement with Caterpillar Inc., now projecting a total power generation capacity of approximately 2.6 GW by the end of 2031. This revised figure combines the assets from the new agreement with the company's previous orders to meet surging demand from data centers and industrial sectors. The total capacity of 2.6 GW is expected to be fully deployed and operational by 2032. This expansion marks a significant strategic pivot for ProPetro, diversifying its portfolio toward high-growth digital infrastructure and large-scale industrial power solutions. By securing this substantial capacity, the company solidifies its position as a critical energy provider in the evolving global landscape. Analysts highlight that the partnership with Caterpillar validates ProPetro's operational scale and long-term growth trajectory.