ProFrac Holding Corp. Stock Price, News & Analysis

ProFrac Holding Corp. (NASDAQ: ACDC) has announced strategic debt restructuring initiatives aimed at enhancing its liquidity position. The company has secured agreements for $60 million in additional 2029 Senior Notes to be issued in three tranches of $20 million each, with the first issuance already completed in Q2 2025.

The comprehensive financial package includes amendments to the company's Alpine Term Loan, featuring a $30 million reduction in quarterly 2025 amortization payments and a deferral of the Total Net Leverage Ratio test to Q1 2027. These combined actions are expected to generate approximately $90 million in incremental liquidity in 2025.

The notes will be purchased by Wilks family affiliates and Beal Bank USA across different tranches, subject to customary closing conditions. The new notes will be issued under the same indenture as existing 2029 Senior Notes with identical terms.

ProFrac Holding Corp (NASDAQ: ACDC) reported its Q1 2025 financial results, showing significant improvements despite ongoing market challenges. Revenue increased 32% to $600 million from Q4 2024's $455 million, while net loss narrowed to $15 million from $102 million. Adjusted EBITDA rose 83% to $130 million, representing 22% of revenue. The Stimulation Services segment generated $525 million in revenue with $105 million Adjusted EBITDA. However, the company faces headwinds from tariff uncertainty and OPEC+ production increases, leading to some customers becoming more selective with oil-directed completions. The company maintains $76 million in liquidity and has identified $70-100 million in potential capital expenditure reductions to adapt to market conditions. Net debt stood at $1.14 billion as of March 31, 2025.

Flotek has acquired power generation assets from ProFrac GDM for $105 million, marking a strategic expansion into the mobile power generation sector. The deal includes a six-year dry lease agreement providing $160 million in revenue backlog.

Key transaction details:

• Purchase includes digitally enhanced mobile natural gas conditioning and distribution units
• 22 assets will begin service immediately, with 8 more units planned for late 2025
• Expected to generate $14 million in rental revenue for 2025
• Annual revenue projected at $27.4 million starting 2026

The $105 million purchase is funded through:

• $17.6 million offset from 2024 order shortfall payments
• $40.2 million in equity via warrant for 6 million Flotek shares
• $40 million secured promissory note at 10% interest

This acquisition leverages Flotek's measurement technology for remote power generation applications, expanding their Data Analytics segment with a projected 60% revenue increase compared to 2024.

ProFrac Holding Corp. (NASDAQ: ACDC) has scheduled its first quarter 2025 financial results announcement and conference call. The company will release its Q1 2025 results before the conference call, which is set to take place on Wednesday, May 7, 2025, at 11:00 a.m. Eastern / 10:00 a.m. Central time. The webcast will be available for replay on ProFrac's investor relations website's IR Calendar section for 90 days following the call.

ProFrac Holding Corp (NASDAQ: ACDC) reported its full year and Q4 2024 financial results, showing declining performance. Full year 2024 revenue decreased to $2.19 billion from $2.63 billion in 2023, with net loss widening to $208 million from $59 million. Adjusted EBITDA fell to $501 million from $688 million.

Fourth quarter 2024 results showed further deterioration with revenue of $455 million, down from $575 million in Q3, and net loss of $102 million compared to $44 million in Q3. The company cited seasonal budget exhaustion, adverse weather, and pricing pressure as key factors.

The company launched Livewire Power in Q4 2024, focusing on power generation solutions for remote locations. Looking ahead, ProFrac increased its active fleet count by over 25% from Q4 and expects improved revenues and profitability in Q1 2025. The company projects 2025 capital expenditures between $250-300 million.

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.