ProPetro Holding Corp. filed a Form 8-K with the SEC on September 22, 2026, disclosing that its wholly owned subsidiary has entered into contracts to commit approximately 230 megawatts of power generation capacity to a subsidiary of Targa Resources Corp.

Key Highlights

  • New contracts signed: ProPetro's wholly owned subsidiary, ProPetro Energy Solutions, LLC ("PROPWR"), entered into contracts with a subsidiary of Targa Resources Corp.
  • Capacity committed: Approximately 230 megawatts of power generation capacity is covered under the agreements, according to the filing.
  • Counterparty described: The filing characterizes Targa Resources Corp. as "a large energy infrastructure company in the Permian Basin."
  • Disclosure basis: The announcement was made under Item 7.01, Regulation FD Disclosure, and is furnished, not filed, for purposes of Section 18 of the Exchange Act.
  • Press release attached: A press release dated September 22, 2026, was furnished as Exhibit 99.1 to the report.

ProPetro Energy Solutions Enters Power Capacity Contracts in Permian Basin

According to the Form 8-K filed by ProPetro Holding Corp. (NYSE:PUMP) on September 22, 2026, the company's wholly owned subsidiary, ProPetro Energy Solutions, LLC, known as PROPWR, has entered into contracts to commit approximately 230 megawatts of power generation capacity to a subsidiary of Targa Resources Corp. The filing describes Targa Resources Corp. as "a large energy infrastructure company in the Permian Basin."

The disclosure was made under Item 7.01, Regulation FD Disclosure. The filing states that the information furnished, including Exhibit 99.1, "shall not be deemed to be 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934" and is not subject to the liabilities of that section unless expressly incorporated by reference into another filing. The press release containing the full text of the announcement was furnished as Exhibit 99.1 to the current report.

The 8-K was signed by John J. Mitchell, General Counsel and Corporate Secretary of ProPetro Holding Corp., on September 22, 2026. ProPetro is a Delaware-incorporated company headquartered at One Marienfeld Place, 110 N. Marienfeld Street, Suite 300, Midland, Texas 79701.

What Was Disclosed

ProPetro Holding Corp. disclosed on September 22, 2026, that subsidiary PROPWR has contracted to commit approximately 230 megawatts of power generation capacity to a subsidiary of Targa Resources Corp., a Permian Basin energy infrastructure company, with supporting details furnished in an attached press release.