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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.
ProFrac Holding Corp. (NASDAQ: ACDC) has announced that it will report its 2022 fourth quarter financial results on March 21, 2023, ahead of a live conference call scheduled for 11:30 a.m. Eastern. Investors can join the call via phone or online. A replay will be available until March 28, 2023. Founded in 2016, ProFrac specializes in hydraulic fracturing and aims to reduce greenhouse gas emissions through innovative technologies. The company serves leading upstream oil and gas firms in North America.
ProFrac Holding Corp. (NASDAQ: ACDC) has completed the acquisition of Monarch Silica's sand mining operations in the Eagle Ford and announced agreements to acquire REV Energy Holdings for $140 million and Performance Proppants for $475 million. These transactions aim to enhance ProFrac's pressure pumping capabilities and vertical integration strategy, potentially increasing capacity and efficiency. While the acquisitions are expected to be accretive to earnings, the company must navigate funding risks and regulatory approvals for successful completion.
On November 1, 2022, ProFrac Holding Corp. (NASDAQ: PFHC) announced a change in its ticker symbol from 'PFHC' to 'ACDC', effective November 2, 2022. This change accompanies ProFrac's acquisition of U.S. Well Services, enhancing its leadership in electric hydraulic fracturing technology. Executive Chairman Matt Wilks emphasized the strategic advantages of electric frac fleets, which promise improved efficiency and lower emissions. ProFrac aims to solidify its market position through its industry-leading intellectual property portfolio and commitment to environmental sustainability.
ProFrac Holding Corp. closed its acquisition of U.S. Well Services, Inc. in a stock-for-stock merger valued at approximately $270 million. ProFrac issued about 12.9 million shares of Class A Common Stock and will use $170 million in cash to retire USWS debt. The acquisition enhances ProFrac's fleet, with plans to operate 44 active fleets by Q1 2023, including 12 electric fleets. This positions ProFrac as a leader in electric hydraulic fracturing, aiming to minimize emissions and improve efficiency in the energy sector.
ProFrac Holding Corp. (NASDAQ: PFHC) has announced the release of its third quarter 2022 results on November 10, 2022, post-market close. A live conference call is scheduled for November 11, 2022, at 11:00 a.m. Eastern. The company focuses on providing hydraulic fracturing services and aims to reduce greenhouse gas emissions through innovative technologies. Interested parties can access the call via phone or through ProFrac's investor relations website.
ProFrac Holding Corp. (NASDAQ: PFHC) announced that Executive Chairman Matt Wilks and CFO Lance Turner will present at the Barclays 2022 CEO Energy-Power Conference in New York City on September 7, 2022, from 10:20 a.m. - 10:50 a.m. EDT. The presentation will be accessible live online via the company's website.
Founded in 2016, ProFrac specializes in hydraulic fracturing and aims to reduce greenhouse gas emissions while enhancing efficiency in oil and gas exploration and production.
ProFrac Holding Corp. (NASDAQ: PFHC) reported strong financial results for Q2 2022, showing a 40% sequential revenue increase to $589.8 million and a net income of $70.1 million. Net income, excluding stock compensation, soared over 350% year-over-year. Adjusted EBITDA also surged over 100% to $210.6 million. The company continues to focus on its two-prong growth strategy through acquisitions and vertical integration, announcing the acquisition of U.S. Well Services, set to close in Q4 2022. ProFrac is also deploying its first electric fleet, enhancing operational efficiency.
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