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About ProFrac Holding Corp. (NASDAQ: ACDC)
ProFrac Holding Corp. is a vertically integrated, technology-driven energy services company specializing in hydraulic fracturing, proppant production, and manufacturing. Serving upstream oil and gas companies engaged in the exploration and production of unconventional oil and natural gas resources across North America, ProFrac operates with a steadfast commitment to innovation, operational efficiency, and environmental sustainability.
Core Business Segments
ProFrac’s operations are structured into three primary segments, each contributing to its comprehensive service offerings:
- Stimulation Services: This segment forms the backbone of ProFrac’s operations, featuring a fleet of mobile hydraulic fracturing units equipped with advanced technologies, including electric and Tier 4 dual-fuel systems. These services are designed to enhance well productivity for its customers while minimizing environmental impact.
- Proppant Production: ProFrac produces high-quality proppants essential for hydraulic fracturing. By controlling this critical input, the company ensures cost efficiency and supply reliability for its operations and customers.
- Manufacturing: ProFrac designs and manufactures specialized equipment for its hydraulic fracturing operations, further enhancing its vertical integration and operational control.
Market Position and Competitive Advantages
Operating in regions such as West Texas, East Texas/Louisiana, South Texas, Oklahoma, Uinta, and the Appalachian Basin, ProFrac is strategically positioned in key North American oil and gas markets. Its vertically integrated model allows it to deliver cost-effective and reliable services, setting it apart from competitors. Additionally, its focus on electrification and emissions reduction caters to the growing demand for sustainable energy solutions.
Commitment to Innovation and Sustainability
ProFrac is at the forefront of integrating advanced technologies into its operations. Its electric and Tier 4 dual-fuel hydraulic fracturing fleets significantly reduce greenhouse gas emissions, aligning with the industry’s move toward more sustainable practices. The company’s recent initiatives, such as deploying fully electric fleets powered by natural gas, underscore its commitment to environmental stewardship and operational excellence.
Challenges and Industry Dynamics
ProFrac operates in a highly cyclical industry influenced by fluctuating commodity prices, regulatory changes, and evolving customer needs. Its vertical integration and focus on cost efficiency help mitigate these challenges, while its emphasis on sustainability and innovation positions it for long-term success in a competitive landscape.
Why ProFrac Matters
ProFrac’s ability to combine operational expertise, technological innovation, and a commitment to sustainability makes it a key player in the North American unconventional oil and gas sector. For investors and stakeholders, the company represents a unique blend of resilience and forward-thinking strategy in an industry undergoing significant transformation.
ProFrac Holding Corp. (NASDAQ: ACDC) has announced its schedule for the release of its fourth quarter and full year 2024 financial results. The company will present the results during a conference call and webcast on Thursday, March 6, 2025, at 11:00 a.m. Eastern / 10:00 a.m. Central. The webcast recording will be available for 90 days following the call on ProFrac's investor relations website in the IR Calendar section.
ProFrac Holding Corp. (NASDAQ: ACDC) has partnered with Prairie Operating Co. to deploy an electric frac fleet in Colorado. The initiative features 25 advanced 3,000 HHP single E-Pumps for fully electrified hydraulic fracturing and pump down operations. Operations will begin on Prairie's 8-well Shelduck pad in Weld County. The fleet includes electric blender units, hydration systems, and chemical additive units powered by natural gas. Power will be supplied by two Solar – SMT130 Mobile Gas Turbines, each generating 16.5 MWe ISO. This collaboration aims to reduce emissions and meet Colorado's environmental standards while enhancing operational efficiency.
ProFrac Holding Corp. (NASDAQ: ACDC) reported Q3 2024 financial results with total revenue of $575.3 million, slightly down from $579.4 million in Q2. The company posted a net loss of $43.5 million, improving from a $65.6 million loss in Q2. Adjusted EBITDA was $134.8 million, with net cash from operations at $98.0 million. The company expects pricing and activity decline in Q4 2024, but anticipates recovery in 2025. Currently, 72% of active fleets include e-fleet or natural gas-capable equipment. Total debt outstanding was $1.17 billion, with total liquidity of $109.2 million as of September 30, 2024.
ProFrac Holding Corp. (NASDAQ: ACDC) has scheduled its third quarter 2024 financial results announcement and conference call for Tuesday, November 5, 2024. The earnings release will be issued before the conference call, which begins at 11:00 a.m. Eastern / 10:00 a.m. Central. Participants can join via phone by dialing 412-902-0030 or through the company's investor relations website. A replay will be available until November 12, 2024, accessible by dialing 201-612-7415 with pass code 13749864#. The webcast archive will be available for 90 days.
ProFrac Holding Corp. (NASDAQ: ACDC) reported its Q2 2024 financial results. Total revenue was $579.4 million, slightly down from Q1. The company reported a net loss of $65.6 million, compared to a net income of $3.0 million in Q1. Adjusted EBITDA decreased to $135.6 million from $159.7 million in Q1. Despite market challenges, ProFrac achieved records for average pump hours per fleet and efficiencies. The company's free cash flow grew 187% sequentially to $74.0 million. ProFrac continues to upgrade its fleet with electric and Tier 4 dual fuel systems, with 70% of active fleets now including e-fleet or natural gas-capable equipment. The company expects pricing to remain steady in the Stimulation Services segment and anticipates a gradual recovery in the Proppant Production segment after initial declines.
ProFrac Holding Corp. (NASDAQ: ACDC) will report its second quarter 2024 financial results on Thursday, August 8, 2024, before their conference call at 11:00 a.m. Eastern / 10:00 a.m. Central.
Interested parties can access the call live via phone by dialing 862-298-0702 or through the Internet at the company's website. A replay will be available until August 15, 2024, by dialing 201-612-7415 with pass code 13748137#.
The webcast archive will be accessible for 90 days at ProFrac's IR Calendar.
ProFrac Holding Corp. (NASDAQ: ACDC) announced on May 16, 2024, that CFO Lance Turner will resign, effective June 17, 2024. Turner will remain as a consultant to ensure a smooth transition to the new CFO, Austin Harbour. Turner has been with ProFrac for two years and significantly contributed to the company's financial management and strategic direction. Austin Harbour, who brings extensive industry experience, including roles at Piper Sandler and Superior Energy Services, will succeed Turner. Harbour holds an MBA from Texas A&M University and a bachelor's degree from Texas Christian University.
ProFrac Holding Corp. reported strong first-quarter 2024 financial and operational results, with total revenue growing 19% to $581.5 million. Net income improved from a loss of $96.5 million to $3.0 million. Adjusted EBITDA increased by 46% to $159.7 million. Free cash flow grew 102% to $25.8 million. The company's outlook is positive, with steady pricing in the Stimulation Services segment and expected growth in Proppant Production volumes and profitability.
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