Welcome to our dedicated page for PFHC news (Ticker: PFHC), a resource for investors and traders seeking the latest updates and insights on PFHC stock.
ProFrac Holding Corp. (NASDAQ: PFHC) serves as a leading provider of well stimulation services and proppant solutions for the energy sector, combining technological innovation with vertical integration. This dedicated news hub offers investors and industry professionals timely updates on corporate developments, operational milestones, and strategic initiatives driving the company's position in hydraulic fracturing and emissions reduction technologies.
Access authoritative updates spanning earnings announcements, sustainability progress, and operational expansions. Our curated collection features press releases covering strategic evaluations of business segments, partnerships, and technological advancements in proppant production. Regular updates ensure stakeholders maintain awareness of PFHC's evolving market strategies and regulatory engagements.
Discover updates across key operational areas including stimulation services optimization, manufacturing capabilities, and environmental initiatives. The resource serves as a centralized reference for tracking PFHC's responses to industry trends and commodity price fluctuations while maintaining focus on emission-reduction objectives.
Bookmark this page for streamlined access to ProFrac's latest communications. Check back regularly for essential updates that inform strategic analysis and market positioning within the energy services sector.
U.S. Well Services (NASDAQ: USWS) announced a 1-for-6 reverse stock split effective August 4, 2022. This action aims to meet Nasdaq's minimum bid price requirements and will not affect stockholders' rights or ownership percentages. Following the split, USWS shareholders will receive shares of ProFrac Holding Corp. (NASDAQ: PFHC) at an exchange ratio of 0.3366 shares of ProFrac Class A Common Stock per USWS Class A common stock. The acquisition by ProFrac is anticipated to close in Q4 2022.
ProFrac Holding Corp. (NASDAQ: PFHC) will announce its second quarter 2022 results on August 11, 2022, after market close. A live conference call is scheduled for August 12, 2022, at 11:00 a.m. Eastern / 10:00 a.m. Central, accessible via phone or online. A replay will be available until August 19, 2022. ProFrac is a growth-oriented energy services firm focused on hydraulic fracturing and aims to reduce greenhouse gas emissions while boosting efficiency in oil and gas operations. For more details, visit www.pfholdingscorp.com.
ProFrac Holding Corp. (NASDAQ: PFHC) announced the successful acquisition of SP Silica of Monahans, LLC, for approximately $90 million. This acquisition enhances ProFrac's operational efficiency in West Texas by providing closer sand supply to its existing Kermit and La Mesa mines, reducing truck traffic and emissions. Additionally, ProFrac increased its Term Loan Credit Facility from $302.4 million to $452.4 million, with optional commitments of an extra $100 million. ProFrac aims to use proceeds from the credit facility for acquiring U.S. Well Services, debt repayment, and general corporate purposes.
ProFrac Holding Corp. (NASDAQ: PFHC) announced an agreement to acquire U.S. Well Services (NASDAQ: USWS) in a stock-for-stock transaction, with USWS shareholders receiving 0.0561 shares of ProFrac for each USWS share. This merger, expected to close in Q4 2022, will create a leader in NextGen frac solutions, with 44 active fleets, including 12 electric fleets. The deal is projected to yield $35 million in annual cost synergies and eliminate $22.5 million in license fees over four years, enhancing ProFrac's ESG strategy.
ProFrac Holding Corp. (NASDAQ: PFHC) announced the acquisition of SP Silica's West Texas subsidiaries for approximately $90 million. This strategic move aims to enhance ProFrac's vertical integration and operational efficiency. The Monahans operation adds nearly 3 million tons of annual sand production capacity, raising total company capacity to 6 million tons, projected to reach 8 million tons with the completion of the West Munger facility. CEO Ladd Wilks stressed the acquisition's importance in reducing costs and improving profitability.
ProFrac Holding Corp. (NASDAQ: PFHC) reported strong Q1 2022 results with total revenues of $345.0 million and net income of $24.1 million. The acquisition of FTS International, completed on March 4, contributed significantly to these results. Adjusted EBITDA reached $91.5 million, indicating robust operational performance. The company anticipates an annualized Adjusted EBITDA per fleet of $23-$25 million in Q2 2022, capitalizing on pricing increases and fleet expansions. ProFrac also successfully raised $304 million through its IPO, reducing debt substantially.
ProFrac Holding Corp. (NASDAQ: PFHC) announced that underwriters have partially exercised their over-allotment option, purchasing an additional 2,228,153 shares at $18.00 each. This follows the company's IPO of 16,000,000 shares at the same price. ProFrac plans to use approximately $37.5 million of the net proceeds for repaying debt and general corporate purposes. The offering was managed by J.P. Morgan, Piper Sandler, and Morgan Stanley. The company focuses on providing hydraulic fracturing services while aiming to reduce greenhouse gas emissions in the energy industry.
ProFrac Holding Corp. announced the pricing of its initial public offering (IPO) of 16,000,000 shares at $18.00 per share, with trading commencing on the Nasdaq under the ticker symbol PFHC on May 13, 2022. The offering may close on May 17, 2022, subject to customary conditions. ProFrac intends to use approximately $273.4 million of net proceeds for debt repayment and general corporate purposes, increasing to $313.8 million if underwriters fully exercise their option for additional shares.
ProFrac Holding Corp. has announced an initial public offering (IPO) of 16,000,000 shares of Class A common stock, priced between $21.00 and $24.00 per share. The company plans to grant underwriters a 30-day option to purchase an additional 2,400,000 shares. Shares will be listed on the Nasdaq under the ticker symbol PFHC. J.P. Morgan, Piper Sandler, and Morgan Stanley are the lead managers for the offering. ProFrac, founded in 2016, provides hydraulic fracturing services and is focused on reducing greenhouse gas emissions and improving efficiency in energy services.
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