Agreement Enables Acquisition of Up to 2.1 Gigawatts of incremental Power Generation Capacity by 2031

ProPetro Holding Corp. (NYSE:PUMP) ("ProPetro") today announced that its PROPWR business unit has entered into a strategic framework agreement with Caterpillar Inc. (NYSE:CAT) ("Caterpillar") to purchase up to 2.1 gigawatts of power generation assets to support the growing energy demands of data center, oil and gas and industrial customers with efficient, reliable solutions.

Under this agreement, PROPWR agrees to purchase at least 1.5 gigawatts of incremental power generation assets, with the option to bring the total to approximately 2.1 gigawatts of additional power generation capacity over the next five years. When combined with the approximately 550 megawatts previously ordered, PROPWR is positioned to have approximately 2.6 gigawatts of power generation capacity delivered by year-end 2031 and fully deployed in 2032.