M&A - ProPetro Holding Corp.

Form Type: DEF 14A

Filing Date: 2025-04-08

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925033020

Filing Summary: ProPetro Holding Corp. filed a definitive proxy statement as part of their 2025 annual meeting preparation. Key highlights include the establishment of the PROPWRSM power generation business, which anticipates a significant operational transition. The company completed the acquisition of Aqua Prop, LLC, expanding its service offering within hydraulic fracturing. ProPetro has implemented a disciplined capital allocation strategy and continued to execute share repurchase programs, having repurchased approximately 13 million shares since May 2023. The document outlines the election of nine director nominees and includes various advisory votes regarding executive compensation, along with other governance-related items. The annual meeting is set for May 20, 2025, with a record date for eligible stockholders on March 24, 2025.

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