ProPetro Stock Rises 18% After the Introduction of ProPWR Subsidiary [Yahoo! Finance]
ProPetro Holding Corp. (PUMP)
Last propetro holding corp. earnings: 3/31 04:54 pm
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US:NASDAQ Investor Relations:
ir.propetroservices.com
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Source: Yahoo! Finance
This strategic move aims to enhance the company's offerings in the growing market for power generation in the Permian Basin. ProPWR will primarily deploy more than 110 megawatts of mobile natural gas-fueled power generation equipment to serve a variety of applications, including oilfield operations and other industrial sectors. PUMP's stock surged 17.8% on Tuesday, indicating strong investor optimism about its innovative expansion into the power generation sector. This announcement marks a significant milestone for PUMP, as the company launches its first organic service line in a decade. The Permian Basin, a key oil and gas exploration region, has seen an increase in energy consumption due to expanding operations and infrastructure development. ProPWR's mobile natural gas-fueled power generation equipment will play a critical role in meeting this demand, particularly in remote oilfield locations where reliable power is important. While the initial focus is on oilfield power appl
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PUMP
News
- ProPetro Secures Term Contract to Provide Electric Frac Services [Yahoo! Finance]Yahoo! Finance
- ProPetro Announces Contract for a 4th FORCE® Electric Hydraulic Fracturing Fleet [Yahoo! Finance]Yahoo! Finance
- ProPetro Announces Contract for a 4th FORCE® Electric Hydraulic Fracturing FleetBusiness Wire
- ProPetro Announces ProPWRSM Power Generation Business [Yahoo! Finance]Yahoo! Finance
- ProPetro Announces ProPWRSM Power Generation BusinessBusiness Wire
PUMP
Earnings
- 10/30/24 - Miss
PUMP
Sec Filings
- 12/19/24 - Form 8-K
- 12/10/24 - Form 8-K
- 11/27/24 - Form 4
- PUMP's page on the SEC website