ProPetro's PROPWR Signs Targa Contracts for 230 Megawatts of Power

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ProPetro Holding Corp.'s PROPWR business unit has signed new long-term contracts with a subsidiary of Targa Resources Corp. to commit approximately 230 megawatts of power generation capacity. With these additions, total capacity committed under contract for PROPWR now stands at approximately 510 MW, a figure that also reflects previously announced oil and gas power capacity no longer under contract. The recontracting lets PROPWR redeploy that capacity to Targa and free additional megawatts for potential data center deployments in 2027 and beyond. The behind-the-meter power will support Targa's continued investment in natural gas processing infrastructure in the Permian Basin, with full deployment expected in early 2028. ProPetro Chief Executive Officer Sam Sledge called Targa one of the premier midstream operators in the country and said the awards highlight PROPWR's ability to deliver dependable power at scale.

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