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: PFHC, ACDC) has scheduled its first quarter 2023 financial results announcement for May 10, 2023, at 11:00 a.m. Eastern / 10:00 a.m. Central. The call will be accessible via phone or online. For those unable to attend, a replay will be available until May 17, 2023. The company, founded in 2016, focuses on energy services, providing well stimulation and proppants production to the oil and gas sector. ProFrac aims to reduce greenhouse gas emissions through innovative technologies while meeting hydraulic fracturing needs. Investors can find more information on their official site.
The Wilks Family, the largest shareholder of ProFrac Holdings Corp. (NASDAQ: ACDC), released an open letter to shareholders on April 12, 2023. They express confidence in ProFrac's strategic vision and highlight the company's leadership in fleet profitability. The family announced their exchange of Class B shares for Class A shares, aimed at streamlining ProFrac's corporate structure by eliminating the Up-C structure. This change is expected to reduce compliance costs and enhance the company’s chances for index inclusion, potentially attracting more investors. Additionally, recent open market purchases by the Wilks family and Board members total 927,995 shares, reflecting their commitment to ProFrac's future. The family encourages ProFrac to present a plan for returning capital to shareholders and expresses optimism for the company’s growth and innovation.
ProFrac Holding Corp. (NASDAQ: ACDC) reported strong financial results for Q4 and FY 2022, achieving total revenue of $2.4 billion, a 216% year-over-year increase. Net income rose to $342.7 million, recovering from a loss of ($43.5) million in 2021. Adjusted EBITDA, excluding Flotek, surged 520% to $835.5 million. Q4 revenue was $794.1 million, up 14% sequentially, although net income declined 17% to $116 million. The company closed several acquisitions, including Producers Service Holdings. Challenges include lower commodity prices affecting operational efficiency in 2023.
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