Profrac holding corp. reports second quarter 2023 financial and operational results

Willow park, texas , aug. 10, 2023 /prnewswire/ -- profrac holding corp. (nasdaq: acdc) ("profrac", or the "company") today announced financial and operational results for its second quarter ended june 30, 2023.  second quarter 2023 results and recent highlights total revenue was $709.2 million compared to $857.5 million in the first quarter of 2023  net loss was ($4.6) million compared to net income of $59.8 million in the first quarter of 2023 adjusted ebitda(1) was $182.5 million generated $55.6 million of free cash flow and reduced indebtedness by $85.6 million right-sized active fleet count in june and again in august to optimize calendar efficiencies and reduce costs matt wilks, profrac's executive chairman, stated, "our second quarter results were challenged as a result of customer consolidation, coordination with customer capital expenditure schedules, and the impacts of the recent banking crisis on private operators.
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