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Dec 31, 2024
ProFrac Q4 2024 Earnings Report
ProFrac reported a decline in revenue and profitability in Q4 2024 due to pricing pressure and seasonal challenges.
Key Takeaways
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.
Revenue declined to $455 million from $575 million in Q3 due to pricing pressure and seasonal budget exhaustion.
Net loss widened to $102 million from $44 million in Q3, reflecting weaker market conditions.
Adjusted EBITDA dropped to $71 million from $135 million in Q3 as margins contracted.
Stimulation Services remained the largest segment, generating $384 million in revenue.
ProFrac
ProFrac
ProFrac Revenue by Segment
Revenue by Segment
Stimulation Services Revenue
CapyFin.comProppant Production Revenue
CapyFin.comManufacturing Revenue
CapyFin.comOther Business Activities Revenue
CapyFin.com Forward Guidance
ProFrac anticipates improved market conditions in 2025 with increased fleet deployment and enhanced operational efficiencies.
Positive Outlook
- Fleet deployment increased by 25% from Q4 lows, improving utilization.
- Pricing stabilization expected to support revenue growth.
- Proppant production volumes projected to rise with better commercial opportunities.
- Operational efficiencies expected to drive better cost performance.
- New Livewire Power business set to contribute additional revenue streams.
Challenges Ahead
- Continued pricing pressure in the hydraulic fracturing market.
- Increased capital expenditures planned for fleet upgrades and sand mine improvements.
- Interest expense remains elevated due to debt obligations.
- Proppant segment revenue remains significantly lower than prior-year levels.
- Macroeconomic uncertainties could impact energy service demand.
Revenue & Expenses
Visualization of income flow from segment revenue to net income