ProFrac Holding Corp. - $ACDC STOCK NEWS

ProFrac Holding Corp. (NASDAQ: ACDC) reported its 2023 full year and fourth quarter financial and operational results, showcasing total revenue of $2.63 billion in 2023. Despite a net loss of $59 million in 2023, the company saw adjusted EBITDA of $688 million and free cash flow increase by 173% from 2022. ProFrac's Executive Chairman, Matt Wilks, highlighted strategic priorities for success in 2024, focusing on service quality, utilization improvement, and cost efficiency. The company remains optimistic for 2024 with increased fleet count and pumping efficiency, aiming for enhanced profitability levels. ProFrac's business segments, including Stimulation Services, Proppant Production, Manufacturing, and Other Business Activities, each contributed to the overall financial performance with detailed revenue and EBITDA figures. The company expects cash capital expenditures to be between $150 million and $200 million in maintenance-related expenses for 2024, monitoring market conditions for growth initiatives alignment. Despite a net debt of $1.08 billion as of December 31, 2023, ProFrac maintains liquidity of $103 million, positioning itself for future growth.

ProFrac Holding Corp. (ACDC) will report its 2023 fourth quarter and full year financial results on March 13, 2024. The live conference call will be available over the phone or internet, with a replay option. Details for participation are provided in the press release.

ProFrac Holding Corp. (ACDC) announces the confidential submission of a draft registration statement for an initial public offering of Alpine Silica Holding, LLC's common stock to the SEC. The offering details are pending, and the IPO is subject to SEC review and market conditions.

ProFrac Holding Corp. (NASDAQ: ACDC) announces its 2024 operational and strategic priorities focusing on fleet count increase, proppant production enhancement, and cost reduction. Executive Chairman Matt Wilks highlights higher utilization, customer experience, and cost efficiency as key business components.

Beal Bank announces a $637.5 million refinancing deal with ProFrac Holding Corp. (NASDAQ: ACDC), aiming to enhance the company's financial position and create a bifurcated capital structure between pressure pumping and frac sand businesses. Beal Bank's long record of lending to the oil field services in the United States demonstrates a commitment to the oil and gas industry, supporting United States energy independence.

ProFrac Holding Corp. (NASDAQ: ACDC) completed a successful refinancing of its existing Senior Secured Term Loan and other debt with two new financings totaling $885 million, maturing in 2029. This positions the company to deliver exceptional service to its customers and maintain its position as a leader in the oilfield services industry in anticipation of a strong 2024.

ProFrac Holding Corp. (NASDAQ: ACDC) announced Q3 2023 financial results, with total revenue at $574.2 million, net loss at $17.9 million, and adjusted EBITDA at $149.3 million. The company reduced net debt by $122.9 million and issued $50 million of perpetual preferred equity securities. Matt Wilks, ProFrac's Executive Chairman, highlighted the company's focus on pursuing dedicated agreements in 2024 and unlocking the potential of the Proppant Production segment.

ProFrac Holding Corp. receives a $50 million preferred equity investment from its largest shareholder, the Wilks Family. The investment will optimize the company's capital structure and maximize the value in Alpine Silica.

ProFrac Holding Corp. to report 2023 Q3 financial results