ProFrac Q3 2022 Earnings Report
Key Takeaways
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.
Total revenue grew approximately 18% sequentially to $696.7 million over 2022 second quarter revenue.
Net income rose approximately 105% sequentially to $143.4 million.
Adjusted EBITDA excluding Flotek increased approximately 23% sequentially to $267.2 million
Closed on its acquisition of U.S. Well Services (“USWS”) on November 1, 2022
ProFrac
ProFrac
ProFrac Revenue by Segment
Forward Guidance
The Company expects improvement in revenue for the fourth quarter as compared to the third quarter, driven by the USWS acquisition.
Revenue & Expenses
Visualization of income flow from segment revenue to net income