Profrac holding corp. reports 2023 full year and fourth quarter financial and operational results
Willow park, texas , march 13, 2024 /prnewswire/ -- profrac holding corp. (nasdaq: acdc) ("profrac", or the "company") today announced financial and operational results for its 2023 full year and fourth quarter ended december 31, 2023. 2023 full year results total revenue was $2.63 billion in 2023 compared to $2.43 billion in 2022 net loss in 2023 was $59 million compared to net income of $343 million in 2022 adjusted ebitda(1) was $688 million net cash provided by operating activities was $554 million capital expenditures totaled $267 million free cash flow was $293 million, an increase of 173% from 2022 net debt was $1.08 billion as of december 31, 2023 2023 fourth quarter results total fourth quarter revenue was $489 million compared to $574 million in the third quarter of 2023 net loss was $97 million compared to a net loss of $18 million in the third quarter of 2023 adjusted ebitda(1) was $110 million net cash provided by operating activities was $43 million capital expenditures totaled $33 million free cash flow was $13 million matt wilks, profrac's executive chairman, stated, "our fourth quarter results were challenged, as we expected, due to softness that persisted throughout the second half of the year.
ACDC Ratings Summary
ACDC Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission