ProFrac Holding Corp. filings document the regulatory record for a Delaware energy-services company with Class A common stock registered under ticker ACDC on the Nasdaq Global Select Market. Recent Form 8-K reports furnish quarterly and annual operating results and disclose material financing and capital-structure matters, including credit agreement amendments, senior secured floating rate notes and common-stock offering activity.
Proxy materials describe annual meeting procedures, stockholder voting matters and governance disclosures. Other company filings cover executive compensation arrangements, performance-based restricted stock units under the 2022 Long Term Incentive Plan, registered securities, and the treatment of furnished earnings releases and material agreements.
ProFrac Holding Corp.’s Principal Accounting Officer, Henry Michael S, reported a compensation-related vesting of stock equivalent units. On March 27, 2026, 10,539 stock equivalent units vested and were cash-settled from an award granted on March 28, 2025. Following this transaction, he holds 21,076 stock equivalent units linked to Class A common stock, with no exercise price or expiration date.
ProFrac Holding Corp.’s principal accounting officer, Henry Michael S, received a grant of 31,615 stock equivalent units. This Form 4/A corrects an earlier filing that had misclassified the award as restricted stock units. The stock equivalent units vest in three equal annual installments beginning in March 2026, subject to continued service. Each unit entitles him to a cash payment equal to the fair market value of one share of ProFrac’s Class A common stock upon vesting and has no exercise price or expiration date.
Henry Michael S reported acquisition or exercise transactions in this Form 4 filing.
ProFrac Holding Corp. granted its Principal Accounting Officer, Henry Michael S, 39,188 stock equivalent units on April 7, 2026 as a compensation award at no cost. These units vest in three equal annual installments beginning in April 2027, contingent on continued service. Each unit entitles the holder to a cash payment equal to the fair market value of one share of ProFrac’s Class A common stock upon vesting. Following this grant, Henry Michael S holds a total of 60,264 stock equivalent units directly.
ProFrac Holding Corp. reported weaker Q1 2026 results, swinging to a larger loss as market conditions softened and internal mix shifts continued. Revenue was $449.6 million, down from $600.3 million a year earlier, as Stimulation Services sales fell 22% on fewer active fleets, lower pricing and January weather disruptions. Proppant Production revenue rose 78% to $119.6 million, driven mainly by a shift from mine-gate to wellsite pricing and higher intercompany volumes, while Manufacturing revenue declined 26% on lower internal demand.
The company posted a net loss attributable to ProFrac of $83.5 million, deeper than the $17.5 million loss in Q1 2025, and a basic and diluted loss per Class A share of $0.47 versus $0.12. Adjusted EBITDA fell to $54.0 million from $129.5 million, reflecting lower service activity and higher proppant costs under the new pricing structure. Cash from operating activities was $9.3 million, down from $38.7 million, while capital expenditures declined to $40.7 million.
Total assets were $2,550.6 million and total liabilities $1,765.8 million at March 31, 2026. The company carried $1,085.6 million of long-term debt principal, up $37.5 million from year-end after issuing an additional $25.0 million of 2029 Senior Notes. Liquidity excluding Flotek consisted of $27.8 million of cash and $80.0 million of availability under the 2022 ABL Credit Facility, which was amended in March 2026 to reduce maximum capacity, extend maturity to September 3, 2027, and replace the minimum liquidity covenant with a $45.0 million minimum availability test.
ProFrac Holding Corp. reported first quarter 2026 revenue of $449.6 million, down from $600.3 million a year earlier, and a net loss attributable to the company of $83.5 million. Adjusted EBITDA was $54.0 million, with results described as exceeding internal expectations despite weather-related disruptions that reduced Adjusted EBITDA by about $9 million.
The Stimulation Services segment generated $407.0 million of revenue and $32.0 million of Adjusted EBITDA, while Proppant Production, Manufacturing and Flotek contributed $119.6 million, $48.4 million and $72.3 million of revenue, respectively. Companywide free cash flow was negative $25.2 million as $40.7 million of cash capital expenditures outpaced $9.3 million of operating cash flow.
Total principal debt was $1.09 billion and net debt was $1.05 billion as of March 31, 2026. Liquidity totaled about $108 million, including $28 million of cash and cash equivalents (excluding Flotek) and $80 million of availability under the asset-based credit facility. Management maintained 2026 capital expenditure guidance of $155 million to $185 million, including Flotek.
ProFrac Holding Corp. is asking stockholders to vote at its all-virtual 2026 Annual Meeting on May 27, 2026. Holders of Class A Common Stock as of March 30, 2026, when 180,920,753 shares were outstanding, may attend online and vote by internet, phone, mail or during the webcast.
Stockholders will elect six directors, cast a non-binding advisory vote on named executive officer pay, and ratify Grant Thornton LLP as independent auditor for 2026. The Board recommends voting “FOR” all three proposals. ProFrac qualifies as a Nasdaq “controlled company” because the Wilks Parties hold 151,291,798 shares, or about 82.32% of the voting power.
The proxy details governance practices, committee structures and director pay, including a $95,000 annual cash retainer plus equity grants. It also outlines executive compensation: in 2025, total pay was $1,404,204 for Executive Chairman Matthew D. Wilks, $1,382,583 for CEO Johnathan L. Wilks, and $1,530,120 for CFO Austin Harbour, combining salary, stock awards and incentive opportunities.
ProFrac Holding Corp. granted new long-term equity incentives to senior executives and a special cash award to its Chief Financial Officer. On April 7, 2026, the board’s compensation committee approved performance-based restricted stock unit awards, each PSU representing one share of Class A common stock.
The Executive Chairman and CEO each received 287,500 PSUs, the CFO received 270,000 PSUs, and the Chief Commercial Officer received 150,000 PSUs. Vesting requires one year of continued employment and achievement of stock price targets, with VWAP thresholds of $7.00, $10.00, $14.00 and $18.00 over 30 trading days before April 7, 2036. The committee also approved a $1,000,000 special cash incentive for the CFO, payable in four quarterly installments of $250,000 during 2026, subject to continued employment and robust clawback and forfeiture terms.
Greenwood Matthew A reported acquisition or exercise transactions in this Form 4 filing.
ProFrac Holding Corp. Chief Commercial Officer Matthew A. Greenwood reported an equity award of 150,000 performance-based restricted stock units (RSUs). Each RSU represents the contingent right to receive one share of Class A common stock if specific stock price performance criteria are achieved.
Starting after April 7, 2027, 10% of the RSUs vest if the 30‑day volume-weighted average price (VWAP) reaches at least $7.00, 25% vest at $10.00, another 25% at $14.00, and 40% at $18.00, subject to continued employment and good standing. Following this award, Greenwood directly holds 267,305 shares.
Spriggs Jeremy reported acquisition or exercise transactions in this Form 4 filing.
ProFrac Holding Corp. reported that Chief Operations Officer Jeremy Spriggs received a grant of 150,000 performance-based restricted stock units (RSUs) under the 2022 Long Term Incentive Plan. Each RSU represents a contingent right to one share of Class A common stock.
After April 7, 2027, these RSUs vest only if stock price hurdles are met: 10% at a 30-day VWAP of $7.00, 25% at $10.00, 25% at $14.00, and 40% at $18.00. Spriggs must remain continuously employed and in good standing on each vesting date.