Profrac holding corp. reports second quarter 2024 results

Willow park, texas , aug. 8, 2024 /prnewswire/ -- profrac holding corp. (nasdaq: acdc) ("profrac", or the "company") today announced financial and operational results for its second quarter ended june 30, 2024. second quarter 2024 results total revenue was $579.4 million compared to first quarter revenue of $581.5 million net loss was $65.6 million compared to net income of $3.0 million in the first quarter adjusted ebitda(1) was $135.6 million compared to $159.7 million in the first quarter net cash provided by operating activities grew approximately 43% sequentially over the first quarter to $113.5 million capital expenditures totaled $61.9 million free cash flow(2) grew 187% sequentially to $74.0 million matt wilks, profrac's executive chairman, stated, "overall, the market for our services has been challenged as operators have reduced drilling and completion activity, particularly in natural gas regions.
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