ProPetro Holding Corp. Overview
Pro stress-test →ProPetro provides premium completion services to upstream oil and gas operators developing North American unconventional resources, with a history of hydraulic fracturing activity centered on the Permian Basin. The company is undergoing a strategic transition, adding a significant power generation segment (PROPWR) launched in late 2024 to serve oil and gas, data center, and industrial customers.
Strategic Profile
Pro stress-test →ProPetro demonstrated the durability of its legacy completions businesses and saw meaningful development in its PROPWR power generation business. The company emphasizes a strategic pivot toward its PROPWR power generation business, with approximately 550 megawatts of delivered or on-order capacity and about 230 megawatts committed under customer contracts by year-end 2025. The company is investing heavily in electrification and next-generation completion equipment to position itself as a lower-emission service provider.
Competitive Landscape
Pro stress-test →ProPetro is a leading provider of hydraulic fracturing services in the oil and gas industry, specializing in well completion and stimulation services for onshore operations in the Permian Basin. Competitors in traditional completions include established oilfield services companies like Halliburton, Schlumberger, and Baker Hughes. In the emerging power generation space (PROPWR), ProPetro competes with independent power generators and industrial power solution providers serving the energy sector.
Industry Context
ProPetro Holding Corp. operates in Oilfield Services / Hydraulic Fracturing.
Key facts
Headquarters: Midland, Texas, US · Revenue: $1.3B (2025 annualized) · Market cap: $1.49B