By Paul Ziobro

ProPetro Holding has struck a deal with Caterpillar to buy up to 2.1 gigawatts of power generation to support growing energy demands of customers including data centers.

ProPetro said its Propwr business unit entered into a strategic framework agreement with the industrial equipment company, whose power and energy business has become its fastest growing sales segment of late because of surging demand from data centers. While known for giant yellow dump trucks, bulldozers and other mining equipment, Caterpillar also sells engines and generators to a range of customers.

ProPetro said the energy purchase will also serve oil and gas and industrial customers.

Under the agreement, Propwr agrees to buy at least 1.5 gigawatts of incremental power generation assets, with an option to bring the total to about 2.1 gigawatts over the next five years.

Propwr said when combined with its previous orders, it will have about 2.6 gigawatts of power generation capacity delivered by the end of 2031 and fully deployed in 2032.

Write to Paul Ziobro at paul.ziobro@wsj.com

(END) Dow Jones Newswires

ProPetro entered into an energy pact with Caterpillar to support data center and other customers. "ProPetro Enters Energy Pact with Caterpillar Data Center, Other Customers," at 5:37 p.m. ET, incorrectly implied in the headline that the pact was for Caterpillar data center and other customers.

(END) Dow Jones Newswires

April 29, 2026 18:00 ET (22:00 GMT)

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