ProFrac Holding Corp. Announces First Quarter 2024 Earnings Release and Conference Call Schedule
- WILLOW PARK, Texas , April 16, 2024 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ: ACDC) ("ProFrac" or the "Company") announced today that it will report its first quarter 2024 financial results prior to the Company's live conference call, which will be broadcast live over the Internet, on Thursday, May 9, 2024 at 11:00 a.m. Eastern / 10:00 a.m.
- 04/16/2024
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ProFrac Holding Corp. (ACDC) Reports Q4 Loss, Lags Revenue Estimates
- ProFrac Holding Corp. (ACDC) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of $0.04. This compares to earnings of $1.46 per share a year ago.
- 03/15/2024
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ProFrac Holding Corp (ACDC) Q4 2023 Earnings Call Transcript
- ProFrac Holding Corp (ACDC) Q4 2023 Earnings Call Transcript
- 03/13/2024
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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.
- 03/13/2024
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ProFrac Holding Corp. Announces 2023 Fourth Quarter and Full Year Earnings Release and Conference Call Schedule
- WILLOW PARK, Texas , Feb. 21, 2024 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ: ACDC) ("ProFrac" or the "Company") announced today that it will report its 2023 fourth quarter and full year financial results prior to the Company's live conference call, which will be broadcast live over the Internet, on Wednesday, March 13, 2024 at 11:00 a.m. Eastern / 10:00 a.m.
- 02/21/2024
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ProFrac Holding Corp. Announces Confidential Submission of Draft Registration Statement for Proposed Public Listing of Alpine Silica
- WILLOW PARK, Texas , Feb. 15, 2024 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ: ACDC) ("ProFrac", or the "Company") today announced that Alpine Silica Holding, LLC ("Alpine"), ProFrac's proppant production segment and wholly owned subsidiary, has confidentially submitted a draft registration statement on Form S-1 to the Securities and Exchange Commission (the "SEC") relating to a proposed initial public offering of Alpine's common stock. The number of shares to be offered and price range for the proposed offering have yet to be determined.
- 02/15/2024
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ProFrac Holding Corp. Announces Its 2024 Operational and Strategic Priorities
- WILLOW PARK, Texas , Feb. 12, 2024 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ: ACDC) ("ProFrac", or the "Company") today announces its 2024 operational and strategic priorities. These priorities are the natural next steps following the Company's efforts in the second half of 2023 to drive an increase in fleet count by pursuing dedicated contracts with operators and to unlock the potential of the proppant production segment through higher contracted volumes and a reduction in mining costs per ton.
- 02/12/2024
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Beal Bank Provides $637.5 million of $885.0 million in New Debt to ProFrac Holding Corp (NASDAQ: ACDC) and its Subsidiaries
- DALLAS , Jan. 22, 2024 /PRNewswire/ -- Beal Bank is pleased to announce that it has provided of $637,500,000 out of a total of $885,000,000 to refinance an existing term loan of ProFrac Holding Corp. (NASDAQ: ACDC) as majority holder of newly issued $520,000,000 senior secured floating rate notes and sole lender of a $365,000,000 term loan to ProFrac's wholly owned subsidiary Alpine Silica. Farzin Dinyarian, Head of Oil & Gas for Beal Bank's wholly-owned commercial lending subsidiary CSG Investments, Inc., said, "Beal Bank is excited to lend to ProFrac, one of the largest and premier companies in the pressure pumping and in-basin frac sand space.
- 01/22/2024
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ProFrac Holding Corp. Completes Refinancing of Senior Secured Term Loan and Enhances Financial Flexibility
- WILLOW PARK, Texas , Dec. 27, 2023 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ: ACDC) ("ProFrac", or the "Company") today announced that, on December 27, 2023, it completed the refinancing of its existing Senior Secured Term Loan and other debt with two new financings totaling $885 million, which will both mature in 2029. As a result of these transactions, ProFrac is well positioned to deliver exceptional service to its customers and poised to maintain its position as a leader in the oilfield services industry in anticipation of a strong 2024.
- 12/27/2023
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3 Terrible Small-Cap Stocks to Sell in December
- The year 2023 has been a volatile one for the equities markets and investors, especially for those playing in the small-cap space. The S&P500 and Nasdaq faced an extended sell-off and even entered “correction” territory between August and November, as investors worried about inflation and the impact of the Fed's rate hikes.
- 12/01/2023
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ProFrac Holding Corp. Reports Third Quarter 2023 Financial and Operational Results
- WILLOW PARK, Texas , Nov. 9, 2023 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ: ACDC) ("ProFrac", or the "Company") today announced financial and operational results for its third quarter ended September 30, 2023. Third Quarter 2023 Results and Recent Highlights Total revenue was $574.2 million compared to $709.2 million in the second quarter of 2023 Net loss was $17.9 million compared to a net loss of $4.6 million in the second quarter of 2023 Adjusted EBITDA(1) was $149.3 million Net cash provided by operating activities was $123.6 million Free cash flow was $72.6 million, which combined with the preferred equity issuance, reduced net debt by $122.9 million (2) Further right-sized active fleet count in August to optimize calendar efficiencies, increase utilization and reduce costs Issued $50 million of perpetual preferred equity securities convertible into ProFrac Holding Corp. Class A common stock at a conversion price of $20.00 per share, subject to adjustment, to The Wilks Family Matt Wilks, ProFrac's Executive Chairman, stated, "After right-sizing our fleet count and our overall support structure, we believe we have realized the synergies from our acquisitions and positioned the company to capitalize on the operating leverage this business has when we experience incremental customer demand.
- 11/09/2023
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Pickering Energy Partners Advises ProFrac's Audit Committee on Terms of Preferred Equity Investment into the Company
- HOUSTON--(BUSINESS WIRE)---- $ACDC #capitalmarkets--Pickering Energy Partners advised ProFrac Holding Corp.'s Audit Committee on the $50 million in preferred equity investment by the Wilks Family.
- 10/24/2023
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ProFrac Holding Corp. Announces Third Quarter 2023 Earnings Release and Conference Call Schedule
- WILLOW PARK, Texas , Oct. 16, 2023 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ: ACDC) ("ProFrac" or the "Company") announced today that it will report its 2023 third quarter financial results prior to the Company's live conference call, which will be broadcast live over the Internet, on Thursday, November 9, 2023 at 11:00 a.m. Eastern / 10:00 a.m.
- 10/16/2023
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ProFrac Holding Corp. Announces Its Intent to Maximize Value of Alpine Silica
- Additional Investment Made by the Wilks Family WILLOW PARK, Texas , Oct. 2, 2023 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ: ACDC) ("ProFrac", or the "Company") today announces that it is evaluating strategic options to maximize and realize the full value of its Proppant Production segment, which operates through its wholly-owned Alpine Silica subsidiary. A variety of options are under strategic review, including a public offering, a sale or merger of Alpine Silica and/or a potential recapitalization.
- 10/02/2023
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ProFrac Holding: Exciting Long-Term Prospects
- ProFrac Holding Corp offers efficient fracking services and products in the oil and gas sector. ACDC's in-house manufacturing capabilities have led to sustainable earnings and margins. Despite volatility and concerns about share dilution, ACDC's strong financial position and demand for oil and gas make it a favorable investment.
- 09/27/2023
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3 Oil Stocks to Sell in September Before They Crash & Burn
- As many remember, both in their minds and pockets, Brent crude prices reached a decade-high last year, impacting oil prices globally. In 2023, global crude prices thankfully moderated in the first half.
- 09/13/2023
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ProFrac Holding Corp. (ACDC) Q2 2023 Earnings Call Transcript
- ProFrac Holding Corp. (NASDAQ:ACDC ) Q2 2023 Earnings Conference Call August 10, 2023 11:00 AM ET Company Participants Rick Black - IR Matt Wilks - Executive Chairman Ladd Wilks - CEO Lance Turner - CFO Conference Call Participants Luke Lemoine - Piper Sandler Alec Scheibelhoffer - Stifel Financial Corp. Donald Crist - Johnson Rice & Company Daniel Kutz - Morgan Stanley Operator Greetings, and welcome to the ProFrac Holding Corp. Second Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
- 08/12/2023
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ProFrac Holding Corp. (ACDC) Lags Q2 Earnings and Revenue Estimates
- ProFrac Holding Corp. (ACDC) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.92 per share a year ago.
- 08/10/2023
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ProFrac Holding Corp. Announces Second Quarter 2023 Earnings Release and Conference Call Schedule
- WILLOW PARK, Texas , July 24, 2023 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ: ACDC) ("ProFrac" or the "Company") announced today that it will report its 2023 second quarter financial results prior to the Company's live conference call, which will be broadcast live over the Internet, on Thursday, August 10, 2023 at 11:00 a.m. Eastern / 10:00 a.m.
- 07/24/2023
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ProFrac: Playing With Fire
- ProFrac's financial performance has improved rapidly in recent years due to the tight market for oilfield services. The company is pursuing an aggressive expansion strategy at the top of the cycle, which could result in financial distress if there is a downturn in the next 2-3 years. ProFrac's current valuation may appear low, but this is a reflection of risk and margins that are unlikely to be sustained.
- 06/27/2023
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ProFrac Holding: Last Quarter Bump In The Road, Better Times Ahead
- ProFrac Holding Corp., an oil and gas sector player, has shown strong revenue growth in Q1 2023, but profitability declined due to long-term strategy implementation. The company's vertical integration plan in its proppant segment and reduced capital spend could lead to margin expansion and higher valuation. Risks include share dilution and potential inability to grow margins efficiently, but ACDC's growing assets and flexible business model make it a buy recommendation.
- 06/19/2023
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ProFrac Holding: Industry Positioning Makes This Name A Buy
- ProFrac Holdings is a vertically integrated oil & gas services company with a diversified portfolio within the upstream sector, providing hydraulic fracturing, proppant, and manufacturing services. The company has a unique offering, including electric frac fleets, which can help producers meet environmental and carbon reduction goals. Commodity pricing headwinds are a concern, but the company has enough financing runway to ensure it remains solvent if we see a short, light recession.
- 06/13/2023
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ProFrac Holding Corp (ACDC) Q1 2023 Earnings Call Transcript
- ProFrac Holding Corp (NASDAQ:ACDC ) Q1 2023 Earnings Conference Call May 10, 2023 11:00 AM ET Company Participants Rick Black - IR Matt Wilks - Executive Chairman Ladd Wilks - CEO Lance Turner - CFO Conference Call Participants Arun Jayaram - JPMorgan Saurabh Pant - Bank of America Merrill Lynch Don Crist - Johnson Rice Operator Greetings. Welcome to ProFac Holding Corp. First Quarter Earnings Conference Call.
- 05/14/2023
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Top 5 Energy Stocks That May Rocket Higher This Quarter - National Energy Services (NASDAQ:NESR), ProFrac Holding (NASDAQ:ACDC)
- The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.
- 03/27/2023
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ProFrac Holding Corp (ACDC) Q4 2022 Earnings Call Transcript
- ProFrac Holding Corp (NASDAQ:ACDC ) Q4 2022 Earnings Conference Call March 21, 2023 11:30 AM ET Company Participants Brian Wheatley - IR Matthew Wilks - Executive Chairman & President Ladd Wilks - CEO Lance Turner - CFO Conference Call Participants Stephen Gengaro - Stifel, Nicolaus & Company Saurabh Pant - Bank of America Merrill Lynch John Daniel - Daniel Energy Partners Donald Crist - Johnson Rice & Company Operator Greetings, and welcome to the ProFrac Holdings Corp. Fourth Quarter Earnings Conference Call. [Operator Instructions].
- 03/25/2023
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3 Mid-Caps Below $20 That Wall Street Loves
- Accelerated inflation. Rising Treasury yields.
- 03/02/2023
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Investors Find A 'New' Way To Make Money On Stocks This Year
- S&P 500 investors seem to be saying "Out with the old and in with the new." Many newly public companies are leading the year's rally higher.
- 02/23/2023
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ProFrac: Attractive Valuations, Recession Risks Appear Priced In
- Energy stocks have underperformed the broad market in the last two months as growth has returned to favor in 2023. Recession worries continue to permeate, and some cyclical stocks could see downside if the macro picture worsens.
- 01/23/2023
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IPO Stock Of The Week: Energy Leader ProFrac Regains Key Level, Nears New Buy Point
- IPO stock of the week, energy leader ProFrac, is nearing a fresh buy point, as the stock market rally continues. The post IPO Stock Of The Week: Energy Leader ProFrac Regains Key Level, Nears New Buy Point appeared first on Investor's Business Daily.
- 01/13/2023
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New Strong Buy Stocks for January 11th
- GMAB, OSW, ACDC, EVBG and MTG have been added to the Zacks Rank #1 (Strong Buy) List on January 11 , 2023.
- 01/11/2023
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IPO Stock Leaders Harmony, ProFrac Outperform Despite Tough 2022 Market
- Despite a struggling IPO market in 2022, Harmony Biosciences and ProFrac are holding up well in the ongoing stock market correction. The post IPO Stock Leaders Harmony, ProFrac Outperform Despite Tough 2022 Market appeared first on Investor's Business Daily.
- 12/30/2022
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ProFrac Holding Corp. (ACDC) Q3 2022 Earnings Call Transcript
- ProFrac Holding Corp. (NASDAQ:ACDC ) Q3 2022 Earnings Conference Call November 11, 2022 11:00 AM ET Company Participants Rick Black - IR Matt Wilks - Executive Chairman Ladd Wilks - CEO Lance Turner - CFO Coy Randle - COO Conference Call Participants Stephen Gengaro - Stifel Dan Kutz - Morgan Stanley Don Crist - Johnson Rice Saurabh Pant - Bank of America Operator Greetings and welcome to the ProFrac Holding Corp's 2022 Third Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
- 11/12/2022
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