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ProPetro Signs New Contracts with Targa for 230 MW Power Capacity

ProPetro Holding (PUMP) announced that its PROPWR business unit has entered into new contracts with a subsidiary of Targa Resources Corp. (TRGP) for which PROPWR will commit approximately 230 megawatts of power generation capacity. With the addition of these contracts, total capacity committed under contract for PROPWR now stands at approximately 510 MW, which also reflects previously announced oil and gas power capacity that is no longer committed under contract. This recontracting allows PROPWR to redeploy the associated capacity to Targa and to make additional megawatts available for potential data center deployments in 2027 and beyond. These long-term contracts will provide behind-the-meter power to support Targa's continued investment in natural gas processing infrastructure in the Permian Basin, with full deployment expected in early 2028.