ProPetro’s PROPWR Secures $350 Million Lease Facility from Eldridge

Reuters02-23

ProPetro’s PROPWR Secures $350 Million Lease Facility from Eldridge

ProPetro Holding Corp.’s wholly owned subsidiary ProPetro Energy Solutions, LLC, doing business as PROPWR, closed a $350 million lease facility with Eldridge Capital Management. The facility is intended to fund PROPWR’s acquisition of new power generation equipment, including high-efficiency natural gas reciprocating engine generators and modular turbines, supporting its target of delivering 750 megawatts by 2028 across oilfield, industrial, and datacenter sectors.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ProPetro Holding Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260223356656) on February 23, 2026, and is solely responsible for the information contained therein.

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