Profrac holding corp. reports 2022 third quarter financial and operational results
Willow park, texas , nov. 10, 2022 /prnewswire/ -- profrac holding corp. (nasdaq: acdc) ("profrac", "acdc," or the "company") today announced financial and operational results for its third quarter ended september 30, 2022. third quarter 2022 results and recent highlights 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(1) excluding flotek increased approximately 23% sequentially to $267.2 million annualized adjusted ebitda per fleet(2) excluding flotek was $34.5 million on 31 average active fleets during the quarter third quarter results include the consolidation of flotek results which contributed $46.9 million in revenue and ($11.1) million in adjusted ebitda subsequent to the third quarter, the company closed on its acquisition of u.s. well services ("usws") on november 1, 2022 matt wilks, profrac's executive chairman, stated, "we are proud to report that we grew sequential revenue by 18% and drove sequential adjusted ebitda up 23% in the third quarter.
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