ProFrac Earnings Reports

ProFrac reported Q4 2024 revenue of $455 million, down from $575 million in the prior quarter. The company posted a net loss of $102 million, reflecting adverse market conditions and lower activity levels. Adjusted EBITDA fell to $71 million, down from $135 million in Q3. The Stimulation Services segment remained the largest revenue contributor at $384 million. ProFrac expects market conditions to improve in 2025 with increased fleet deployment and better operational efficiency.

ProFrac Holding Corp. announced its Q3 2024 results, highlighting record-setting operating efficiency and strong financial performance despite a challenging market. The company's integrated platform and focus on efficiency enabled it to deliver robust results. They anticipate a recovery in activity in 2025.

ProFrac reported sequentially lower results in Q2 2024 due to market challenges, particularly in natural gas regions, as operators reduced drilling and completion activity. However, the company achieved records for average pump hours per fleet and efficiencies while upgrading its fleet with electric and Tier 4 dual fuel systems.

ProFrac Holding Corp. reported its Q1 2024 results, highlighting progress on strategic initiatives that began in the back half of 2023. The company's greater scale, utilization, and efficiencies are reflected in lower costs and higher profitability.

ProFrac's Q4 2023 results were impacted by lower commodity prices and decreased activity levels. However, the company grew its free cash flow generation and focused on strategic priorities to improve its position in the oilfield services industry.

ProFrac Holding Corp. reported a decrease in revenue to $574.2 million, a net loss of $17.9 million, and an adjusted EBITDA of $149.3 million for Q3 2023. The company focused on right-sizing its fleet and support structure, and is optimistic about 2024 due to dedicated agreements and increased utilization of mining assets.

ProFrac Holding Corp. reported a decrease in revenue to $709.2 million and a net loss of $4.6 million for Q2 2023. The company is focused on maximizing utilization and profitability and adapting its cost structure to further improve cash flow.

ProFrac Holding Corp. reported a 7% sequential increase in revenue to $851.7 million for Q1 2023. Net income decreased by 48% sequentially to $59.8 million. The company focused on integrating recent acquisitions and optimizing operations.

ProFrac Holding Corp. reported Q4 2022 consolidated revenues of $794.1 million, a 14% sequential increase, driven by a higher active fleet count and material sales. Net income decreased 17% sequentially to $116 million. The company closed on several acquisitions and continued to integrate its vertically integrated services model.

ProFrac Holding Corp. reported strong third-quarter results, with revenue growing by approximately 18% sequentially to $696.7 million and net income rising by approximately 105% sequentially to $143.4 million. The company's annualized Adjusted EBITDA per fleet also continued to grow.

ProFrac Holding Corp. reported a significant increase in revenue, net income, and Adjusted EBITDA for Q2 2022, driven by its Acquire, Retire, Replace(TM) strategy and scaling Vertical Integration.