ProFrac Holding Corp. filings document the regulatory record for a Delaware energy-services company with Class A common stock registered under ticker ACDC on the Nasdaq Global Select Market. Recent Form 8-K reports furnish quarterly and annual operating results and disclose material financing and capital-structure matters, including credit agreement amendments, senior secured floating rate notes and common-stock offering activity.
Proxy materials describe annual meeting procedures, stockholder voting matters and governance disclosures. Other company filings cover executive compensation arrangements, performance-based restricted stock units under the 2022 Long Term Incentive Plan, registered securities, and the treatment of furnished earnings releases and material agreements.
ProFrac Holding Corp. (ACDC) amended its Alpine Term Loan Credit Agreement and executed a related affiliate debt cancellation transaction. The Fifth Amendment lets PF Proppant Holding, LLC pay 675 basis points of interest in kind for one year from September 1, 2026, extends the term loan maturity from January 26, 2029 to February 15, 2030, cuts scheduled quarterly amortization to $0 through March 31, 2028, then to $10 million, and requires quarterly prepayments equal to 100% of excess cash flow. It also tightens distribution limits through an amended guaranty, with a $1,000,000 annual basket, while curtailing certain negative covenants and permitting an affiliate loan transaction. Concurrently, a lender assigned $60,000,000 of term loans to entities affiliated with founders Dan and Farris Wilks; a subsidiary of ProFrac sold 2,306,806 Flotek Industries, Inc. shares to these affiliates in exchange for those loans being deemed repaid in full and cancelled, releasing related guaranty obligations.
ProFrac Holding Corp. (ACDC) reported that affiliated holder THRC Holdings LP purchased a total of 607,227 shares of Class A common stock in the open market across three days in August 2026. The weighted average prices ranged from about $4.70 to $4.81 per share. The purchases are reported as indirect ownership through THRC Holdings LP, whose general partner is THRC Management LLC, with a footnote stating that each reporting person disclaims beneficial ownership except to the extent of its pecuniary interest. The Rule 10b5‑1 trading plan checkbox was not marked.
ProFrac Holding Corp. (ACDC) insider Dan H. Wilks, a more than ten percent owner, reported a series of indirect open-market purchases of Class A common stock. Across three transactions on August 21, 24 and 25, 2026, entities associated with him acquired a total of 607,227 shares at weighted average prices between roughly $4.70–$4.81 per share.
The shares were purchased directly by THRC Holdings LP. Its general partner is THRC Management LLC, whose sole member is Dan Wilks, who may be deemed to exercise voting and investment power over these shares. The reporting person disclaims beneficial ownership of all reported equity securities except to the extent of his pecuniary interest.
ProFrac Holding Corp. is the subject of an amended Schedule 13D in which a group of related entities and individuals led by members of the Wilks family report substantial ownership of the company’s Class A common stock. In aggregate, these reporting persons beneficially own 153,640,096 shares of Class A Common Stock, representing approximately 83.1% of ProFrac’s outstanding Class A shares. This percentage is calculated using 182,122,762 shares outstanding as of August 3, 2026, adjusted for 370,883 forfeited unvested equity awards and 50,000 shares of Series A Redeemable Convertible Preferred Stock that are convertible into 3,109,774 Class A shares.
Within the group, THRC Holdings beneficially owns 83,209,008 shares (45.0% of the class), largely through 81,343,143 common shares and 30,000 preferred shares convertible into 1,865,865 common shares, with THRC Management as general partner. Dan H. Wilks is reported as beneficially owning 86,743,609 shares (47.3%), including interests through THRC entities, Heavenly Father’s Foundation and Wilks Brothers LLC. Farris Wilks is reported at 64,921,131 shares (35.1%), including holdings through FARJO entities and the Farris and Jo Ann Wilks 2022 Family Trust, which itself holds 58,571,444 shares (31.7%). The shares disclosed were acquired primarily for general investment purposes, with purchases funded by THRC Holdings’ working capital and by personal funds of Farris Wilks in offerings undertaken by ProFrac.
Entities associated with Dan H. Wilks, including THRC Holdings LP and THRC Management LLC, reported open-market purchases of ProFrac Holding Corp. Class A common stock. On August 10, 2026 they purchased 517,669 shares at a weighted average price of $4.859 per share, and on August 11, 2026 they purchased 202,331 shares at a weighted average price of $5.443 per share, totaling 720,000 shares, all held indirectly. The reporting persons disclaim beneficial ownership except to the extent of their pecuniary interest.
ProFrac Holding Corp. insider Matthew Wilks, its Chief Executive Officer, reported indirect open-market purchases of a total of 80,000 shares of Class A common stock. On August 10, 2026, an entity he manages, JCMWZ, LLC, purchased 57,519 shares at a weighted average price of $4.859 per share, in multiple trades between $4.645 and $4.99. On August 11, 2026, JCMWZ, LLC purchased 22,481 shares at a weighted average price of $5.4431, in trades between $5.12 and $5.45. Wilks is the manager of JCMWZ, LLC and disclaims beneficial ownership of those securities except to the extent of his pecuniary interest. He also reports 1,788,127 Class A shares held directly.
ProFrac Holding Corp. director Johnathan Ladd Wilks reported a disposition to the issuer of 370,883 shares of Class A common stock on August 7, 2026. This reflects the forfeiture of unvested equity awards granted under the 2022 Long-Term Incentive Plan in connection with his transition from Chief Executive Officer to member of the Board of Directors. Following this forfeiture, he directly holds 85,033 shares.
ProFrac Holding Corp. reported second-quarter 2026 revenue of $498.1 million, compared with $501.9 million in the prior-year period, and an operating loss of $37.9 million. Net loss attributable to the company was $79.7 million, or $0.45 per Class A share.
For the first six months of 2026, revenue was $947.7 million and net loss attributable to ProFrac was $163.2 million, or $0.91 per share. Total assets were $2,507.9 million and total long-term debt, net, was $918.2 million, with stockholders’ equity of $645.6 million at June 30, 2026. Consolidated Adjusted EBITDA for the quarter was $69.4 million, including Stimulation Services with $39.3 million.
Net cash provided by operating activities for the first half of 2026 was $32.2 million. ProFrac amended its 2022 ABL Credit Facility in March 2026 and, after quarter-end, repaid all outstanding borrowings and terminated the facility in connection with entering a new revolving credit facility.
ProFrac Holding Corp. reported Q2 2026 revenue of $498.1 million, slightly below $501.9 million a year earlier. Net loss attributable to ProFrac was $79.7 million, compared with $108.0 million in Q2 2025, while Adjusted EBITDA was $69.4 million, down from $78.6 million. Stimulation Services generated $430 million of revenue and $39 million of Adjusted EBITDA; Proppant Production, Manufacturing and Flotek contributed $121 million, $48 million and $102 million of revenue, respectively.
For the first half of 2026, revenue totaled $947.7 million versus $1,102.2 million in 2025, with a net loss attributable to ProFrac of $163.2 million. Second-quarter free cash flow was negative $7.9 million on cash capital expenditures of about $32 million. As of June 30, 2026, total principal debt was roughly $1.10 billion, net debt was $1,083.6 million and liquidity was about $72 million. On July 1, ProFrac upsized and refinanced its asset-based revolver to $300 million, extending its debt maturity profile and providing enhanced borrowing-base terms to support liquidity.
Effective August 7, 2026, Chief Executive Officer Johnathan “Ladd” Wilks will resign and join the Board, replacing director Sergei Krylov. Executive Chairman Matthew “Matt” Wilks will assume the additional role of CEO while remaining Executive Chairman. All of Ladd Wilks’ outstanding unvested equity awards will be cancelled without acceleration.
ProFrac Holding Corp. refinanced its asset-based lending arrangements by entering into a new senior secured revolving credit facility for up to $300 million with Eclipse Business Capital. The facility, secured by substantially all assets of the borrower and guarantors, matures on July 1, 2030 and includes an uncommitted accordion of up to $25 million.
Loans bear interest at Adjusted Term SOFR plus 4.25% until January 1, 2027, then at either a base rate or Adjusted Term SOFR plus margins tied to availability and fixed charge coverage. ProFrac used this facility, together with cash on hand, to repay and terminate its prior $275 million JPMorgan ABL facility. A related supplemental indenture increased the permitted credit-facility debt basket for the company’s senior secured floating rate notes from $275 million to $325 million.