ProPetro Holding Corp. (NYSE:PUMP) shares surged 19% on Monday after the company revealed that its PROPWR division has signed a long-term power supply agreement with a major hyperscale data center operator in the U.S. Midwest.
Under the deal, ProPetro will deliver 60 megawatts of power using a hybrid system that integrates battery energy storage with natural gas generators—an approach designed to provide reliable, flexible, and resilient energy for large-scale data infrastructure.
The contract includes options to expand both capacity and duration, giving the two parties room to scale the partnership in line with the customer’s future power needs. Deployment and operations are expected to begin in the second quarter of 2026.
“This agreement showcases our commitment to delivering cutting-edge, dependable power solutions tailored to the evolving demands of data center infrastructure development,” said Travis Simmering, President of PROPWR.
According to Vice President Dave Bosco, the client was particularly drawn to the hybrid setup, which enables rapid load balancing while maintaining stable power delivery.
ProPetro plans to provide more details on its PROPWR business during its upcoming third-quarter 2025 earnings report. The stock rally reflects growing investor enthusiasm over the company’s push into the booming data center power market.