Welcome to our dedicated page for ProFrac Holding news (Ticker: ACDC), a resource for investors and traders seeking the latest updates and insights on ProFrac Holding stock.
ProFrac Holding Corp. (NASDAQ: ACDC) delivers essential energy services through advanced hydraulic fracturing solutions and vertically integrated operations. This news hub provides investors and industry professionals with timely updates on corporate developments, operational milestones, and strategic initiatives shaping the unconventional energy sector.
Access comprehensive coverage of earnings announcements, technology deployments, and operational expansions. Our curated collection includes press releases detailing proppant production innovations, stimulation service enhancements, and manufacturing advancements that drive efficiency in oilfield services.
Key updates feature strategic partnerships, fleet modernization efforts, and regional market developments across major North American basins. Monitor critical announcements regarding safety initiatives, environmental practices, and leadership changes that impact the company's operational framework.
Bookmark this page for direct access to primary source materials and official corporate communications. Regularly updated content ensures informed decision-making regarding ProFrac's position in the evolving energy services landscape.
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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