ProFrac Holding Corp

ProFrac Holding Corp. operates as a holding company with interest in manufacturing and distribution of fracturing units & pumps and provides related services. The company was founded on August 17, 2021 and is headquartered in Willow Park, TX.

Earnings data Q2 2022

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Earnings data Q4 2024

ProFrac Holding Corp reports robust Q4 performance and strategic growth

ProFrac Holding Corp's Q4 2022 earnings call highlighted strong financial performance, strategic focus on integration, and resilience in the market.
The company's emphasis on cash flow, fleet acquisitions, and customer preferences positions it well for future growth and profitability.
Management's commitment to operational efficiency and financial health underscores ProFrac's strategic direction and growth prospects.
Despite challenges in debt management and operational optimization, ProFrac Holding Corp remains optimistic about its market position and growth potential.

ProFrac Holding Corp (ACDC) reports robust Q1 earnings and outlines growth strategies

ProFrac Holding Corp (ACDC) delivered strong financial performance in Q1 2023, driven by revenue growth, operational efficiencies, and strategic initiatives. Despite challenges in the competitive landscape, the company is well-positioned to leverage opportunities for growth through technology adoption, market discipline, and capital optimization.

ProFrac reports robust Q2 earnings, eyes Proppant segment growth

ProFrac Holding Corp's Q2 2023 earnings call highlighted strong financial performance, strategic focus on growth segments, and optimism for industry conditions.
The company's emphasis on operational efficiency, debt reduction, and customer-centric strategies positions it well for future success and value creation.
While facing challenges in cost optimization and market uncertainties, ProFrac remains confident in its ability to drive EBITDA growth and deliver shareholder value.

ProFrac Holding Corp reports robust Q3 earnings and eyes LNG market growth

ProFrac Holding Corp's Q3 earnings call highlighted strong financial results, strategic adaptations for industry challenges, and a focus on generating free cash flow for deleveraging. With a positive outlook for LNG export demand and a commitment to gas markets, the company is well-positioned for growth.

ProFrac Holding Corp reports robust Q4 earnings and growth outlook

ProFrac Holding Corp's Q4 2023 performance reflects strong financial growth, strategic acquisitions, and a focus on operational efficiency and cost control
While facing challenges in certain segments, the company's overall resilience and commitment to restoring industry-leading operating costs position it for success in 2024
With opportunities in generating free cash flow, expanding revenue in key segments, and optimizing costs, ProFrac is poised for continued growth and value creation

ProFrac Holding Corp reports robust Q1 performance amidst market challenges

ProFrac Holding Corp's Q1 2024 performance showcased strong revenue and EBITDA figures, driven by cost control and operational efficiency.
While facing challenges in the Alpine segment, ProFrac's focus on customer experience and fleet expansion positions it well for future growth.
Opportunities lie in anticipated demand increase, market dynamics, and industry consolidation, which ProFrac can leverage for sustained success.

ProFrac Holding Corp excels in Q2, eyes growth through innovation

ProFrac Holding Corp delivered a strong Q2 performance driven by operational efficiency, market share gains, and strategic acquisitions.
Despite challenges in the Alpine segment, the company remains focused on innovation, cost management, and margin expansion to drive future growth.
With a solid financial foundation, a proactive approach to debt management, and a commitment to meeting customer demands, ProFrac is poised for continued success and market leadership.

ProFrac reports solid Q3 earnings, eyes growth in Texas markets

ProFrac Holding Corp's Q3 2024 performance reflects solid financial results, operational efficiency, and strategic investments in next-gen technology.
The company faces challenges in optimizing the Proppant Production segment but maintains a focus on cost management and operational excellence.
Opportunities lie in market recovery, strategic investments, and advancements in operational efficiency, positioning ProFrac for future growth.
Overall, ProFrac's proactive approach to market dynamics and commitment to innovation and financial stability bode well for its future prospects.

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ProFrac Holding Corp (ACDC) Q4 2023 Earnings Call Transcript

WILLOW PARK, Texas , March 13, 2024 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ: ACDC) ("ProFrac", or the "Company") today announced financial and operational results for its 2023 full year and fourth quarter ended December 31, 2023. 2023 Full Year Results Total revenue was $2.63 billion in 2023 compared to $2.43 billion in 2022 Net loss in 2023 was $59 million compared to net income of $343 million in 2022 Adjusted EBITDA(1) was $688 million Net cash provided by operating activities was $554 million Capital expenditures totaled $267 million Free cash flow was $293 million, an increase of 173% from 2022 Net debt was $1.08 billion as of December 31, 2023 2023 Fourth Quarter Results Total fourth quarter revenue was $489 million compared to $574 million in the third quarter of 2023  Net loss was $97 million compared to a net loss of $18 million in the third quarter of 2023 Adjusted EBITDA(1) was $110 million Net cash provided by operating activities was $43 million Capital expenditures totaled $33 million Free cash flow was $13 million Matt Wilks, ProFrac's Executive Chairman, stated, "Our fourth quarter results were challenged, as we expected, due to softness that persisted throughout the second half of the year.

ProFrac Holding Corp. Reports 2023 Full Year and Fourth Quarter Financial and Operational Results

WILLOW PARK, Texas , Feb. 21, 2024 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ: ACDC) ("ProFrac" or the "Company") announced today that it will report its 2023 fourth quarter and full year financial results prior to the Company's live conference call, which will be broadcast live over the Internet, on Wednesday, March 13, 2024 at 11:00 a.m. Eastern / 10:00 a.m.

ProFrac Holding Corp. Announces 2023 Fourth Quarter and Full Year Earnings Release and Conference Call Schedule

WILLOW PARK, Texas , Feb. 15, 2024 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ: ACDC) ("ProFrac", or the "Company") today announced that Alpine Silica Holding, LLC ("Alpine"), ProFrac's proppant production segment and wholly owned subsidiary, has confidentially submitted a draft registration statement on Form S-1 to the Securities and Exchange Commission (the "SEC") relating to a proposed initial public offering of Alpine's common stock. The number of shares to be offered and price range for the proposed offering have yet to be determined.

ProFrac Holding Corp. Announces Confidential Submission of Draft Registration Statement for Proposed Public Listing of Alpine Silica

WILLOW PARK, Texas , Feb. 12, 2024 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ: ACDC) ("ProFrac", or the "Company") today announces its 2024 operational and strategic priorities. These priorities are the natural next steps following the Company's efforts in the second half of 2023 to drive an increase in fleet count by pursuing dedicated contracts with operators and to unlock the potential of the proppant production segment through higher contracted volumes and a reduction in mining costs per ton.

ProFrac Holding Corp. Announces Its 2024 Operational and Strategic Priorities

DALLAS , Jan. 22, 2024 /PRNewswire/ -- Beal Bank is pleased to announce that it has provided of $637,500,000 out of a total of $885,000,000 to refinance an existing term loan of ProFrac Holding Corp. (NASDAQ: ACDC) as majority holder of newly issued $520,000,000 senior secured floating rate notes and sole lender of a $365,000,000 term loan to ProFrac's wholly owned subsidiary Alpine Silica. Farzin Dinyarian, Head of Oil & Gas for Beal Bank's wholly-owned commercial lending subsidiary CSG Investments, Inc., said, "Beal Bank is excited to lend to ProFrac, one of the largest and premier companies in the pressure pumping and in-basin frac sand space.

Beal Bank Provides $637.5 million of $885.0 million in New Debt to ProFrac Holding Corp (NASDAQ: ACDC) and its Subsidiaries

WILLOW PARK, Texas , Dec. 27, 2023 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ: ACDC) ("ProFrac", or the "Company") today announced that, on December 27, 2023, it completed the refinancing of its existing Senior Secured Term Loan and other debt with two new financings totaling $885 million, which will both mature in 2029. As a result of these transactions, ProFrac is well positioned to deliver exceptional service to its customers and poised to maintain its position as a leader in the oilfield services industry in anticipation of a strong 2024.

ProFrac Holding Corp. Completes Refinancing of Senior Secured Term Loan and Enhances Financial Flexibility

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WILLOW PARK, Texas , Nov. 9, 2023 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ: ACDC) ("ProFrac", or the "Company") today announced financial and operational results for its third quarter ended September 30, 2023. Third Quarter 2023 Results and Recent Highlights Total revenue was $574.2 million compared to $709.2 million in the second quarter of 2023   Net loss was $17.9 million compared to a net loss of $4.6 million in the second quarter of 2023 Adjusted EBITDA(1) was $149.3 million Net cash provided by operating activities was $123.6 million Free cash flow was $72.6 million, which combined with the preferred equity issuance, reduced net debt by $122.9 million (2) Further right-sized active fleet count in August to optimize calendar efficiencies, increase utilization and reduce costs Issued $50 million of perpetual preferred equity securities convertible into ProFrac Holding Corp. Class A common stock at a conversion price of $20.00 per share, subject to adjustment, to The Wilks Family Matt Wilks, ProFrac's Executive Chairman, stated, "After right-sizing our fleet count and our overall support structure, we believe we have realized the synergies from our acquisitions and positioned the company to capitalize on the operating leverage this business has when we experience incremental customer demand.

ProFrac Holding Corp. Reports Third Quarter 2023 Financial and Operational Results

HOUSTON--(BUSINESS WIRE)---- $ACDC #capitalmarkets--Pickering Energy Partners advised ProFrac Holding Corp.'s Audit Committee on the $50 million in preferred equity investment by the Wilks Family.

Pickering Energy Partners Advises ProFrac's Audit Committee on Terms of Preferred Equity Investment into the Company

WILLOW PARK, Texas , Oct. 16, 2023 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ: ACDC) ("ProFrac" or the "Company") announced today that it will report its 2023 third quarter financial results prior to the Company's live conference call, which will be broadcast live over the Internet, on Thursday, November 9, 2023 at 11:00 a.m. Eastern / 10:00 a.m.

ProFrac Holding Corp. Announces Third Quarter 2023 Earnings Release and Conference Call Schedule

Additional Investment Made by the Wilks Family WILLOW PARK, Texas , Oct. 2, 2023 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ: ACDC) ("ProFrac", or the "Company") today announces that it is evaluating strategic options to maximize and realize the full value of its Proppant Production segment, which operates through its wholly-owned Alpine Silica subsidiary.  A variety of options are under strategic review, including a public offering, a sale or merger of Alpine Silica and/or a potential recapitalization.

ProFrac Holding Corp. Announces Its Intent to Maximize Value of Alpine Silica

ProFrac Holding Corp offers efficient fracking services and products in the oil and gas sector. ACDC's in-house manufacturing capabilities have led to sustainable earnings and margins. Despite volatility and concerns about share dilution, ACDC's strong financial position and demand for oil and gas make it a favorable investment.

ProFrac Holding: Exciting Long-Term Prospects

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ProFrac Holding Corp. (NASDAQ:ACDC ) Q2 2023 Earnings Conference Call August 10, 2023 11:00 AM ET Company Participants Rick Black - IR Matt Wilks - Executive Chairman Ladd Wilks - CEO Lance Turner - CFO Conference Call Participants Luke Lemoine - Piper Sandler Alec Scheibelhoffer - Stifel Financial Corp. Donald Crist - Johnson Rice & Company Daniel Kutz - Morgan Stanley Operator Greetings, and welcome to the ProFrac Holding Corp. Second Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

ProFrac Holding Corp. (ACDC) Q2 2023 Earnings Call Transcript

ProFrac Holding Corp. (ACDC) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.92 per share a year ago.

ProFrac Holding Corp. (ACDC) Lags Q2 Earnings and Revenue Estimates

WILLOW PARK, Texas , Aug. 10, 2023 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ: ACDC) ("ProFrac", or the "Company") today announced financial and operational results for its second quarter ended June 30, 2023.  Second Quarter 2023 Results and Recent Highlights Total revenue was $709.2 million compared to $857.5 million in the first quarter of 2023  Net loss was ($4.6) million compared to net income of $59.8 million in the first quarter of 2023 Adjusted EBITDA(1) was $182.5 million Generated $55.6 million of free cash flow and reduced indebtedness by $85.6 million Right-sized active fleet count in June and again in August to optimize calendar efficiencies and reduce costs Matt Wilks, ProFrac's Executive Chairman, stated, "Our second quarter results were challenged as a result of customer consolidation, coordination with customer capital expenditure schedules, and the impacts of the recent banking crisis on private operators.

ProFrac Holding Corp. Reports Second Quarter 2023 Financial and Operational Results

WILLOW PARK, Texas , July 24, 2023 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ: ACDC) ("ProFrac" or the "Company") announced today that it will report its 2023 second quarter financial results prior to the Company's live conference call, which will be broadcast live over the Internet, on Thursday, August 10, 2023 at 11:00 a.m. Eastern / 10:00 a.m.

ProFrac Holding Corp. Announces Second Quarter 2023 Earnings Release and Conference Call Schedule

ProFrac's financial performance has improved rapidly in recent years due to the tight market for oilfield services. The company is pursuing an aggressive expansion strategy at the top of the cycle, which could result in financial distress if there is a downturn in the next 2-3 years. ProFrac's current valuation may appear low, but this is a reflection of risk and margins that are unlikely to be sustained.

ProFrac: Playing With Fire

WILLOW PARK, Texas , June 21, 2023 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ: ACDC) ("ProFrac" or the "Company") announced that it will participate in investor meetings at the JP Morgan Energy, Power and Renewables Conference on June 21-22, 2023, in New York. ProFrac's latest investor presentation and other investor related materials can be found on the "Investor Relations" section of the Company's website at https://ir.pfholdingscorp.com.

ProFrac Holding Corp. to Participate in JP Morgan Energy, Power and Renewables Conference

ProFrac Holding Corp., an oil and gas sector player, has shown strong revenue growth in Q1 2023, but profitability declined due to long-term strategy implementation. The company's vertical integration plan in its proppant segment and reduced capital spend could lead to margin expansion and higher valuation. Risks include share dilution and potential inability to grow margins efficiently, but ACDC's growing assets and flexible business model make it a buy recommendation.

ProFrac Holding: Last Quarter Bump In The Road, Better Times Ahead

ProFrac Holdings is a vertically integrated oil & gas services company with a diversified portfolio within the upstream sector, providing hydraulic fracturing, proppant, and manufacturing services. The company has a unique offering, including electric frac fleets, which can help producers meet environmental and carbon reduction goals. Commodity pricing headwinds are a concern, but the company has enough financing runway to ensure it remains solvent if we see a short, light recession.

ProFrac Holding: Industry Positioning Makes This Name A Buy

WILLOW PARK, Texas , May 15, 2023 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ: ACDC) ("ProFrac" or the "Company") announced today that Executive Chairman, Matt Wilks, and Chief Executive Office, Ladd Wilks, elected to decline approximately 42% of their recently awarded restricted stock units (RSUs) that were earned through ProFrac Holding Corp.'s 2022 Long Term Incentive Plan.  Jointly, Messrs.

ProFrac Holding Corp. Executive Chairman and CEO Decline Restricted Stock Units

ProFrac Holding Corp (NASDAQ:ACDC ) Q1 2023 Earnings Conference Call May 10, 2023 11:00 AM ET Company Participants Rick Black - IR Matt Wilks - Executive Chairman Ladd Wilks - CEO Lance Turner - CFO Conference Call Participants Arun Jayaram - JPMorgan Saurabh Pant - Bank of America Merrill Lynch Don Crist - Johnson Rice Operator Greetings. Welcome to ProFac Holding Corp. First Quarter Earnings Conference Call.

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