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ProFrac Holding Corp
NASDAQ:ACDC

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ProFrac Holding Corp
NASDAQ:ACDC
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Price: 8.79 USD 3.05% Market Closed
Market Cap: 1.4B USD

ProFrac Holding Corp
Investor Relations

ProFrac Holding Corp. stands as a testament to the evolving landscape of the energy services industry, illustrating a story of modern innovation meeting traditional energy demands. Rooted in the heart of the oil and gas sector, this company has carved out a niche by providing hydraulic fracturing services that are essential to the extraction process of shale oil and gas. Through a combination of proprietary technology and a strategic approach to the supply chain, ProFrac helps to unlock resources from previously impenetrable rock formations. By deploying cutting-edge equipment and optimized fracturing fluids, the company maximizes the efficiency of its operations, ensuring that each fractured well yields the maximum possible output. This operational edge helps ProFrac to distinguish itself within a competitive market intensely focused on both cost control and enhanced production capabilities.

The company generates revenue primarily by securing contracts with oil and gas producers who seek to optimize their extraction efforts. It leverages its advanced fleet of equipment and a deep well of technical expertise to deliver services tailored to the specific geological formations of each client’s assets. By enhancing the productivity of wells and reducing the cost per barrel for its clients, ProFrac creates value that is reflected in recurring business and robust demand for its services. The profitability of the company is closely tied to the ebbs and flows of the energy market, with a keen focus on maintaining competitiveness even during volatile times. Through strategic expansions and innovations, ProFrac continues to solidify its position as a leader in the fracking sector, playing a pivotal role in the broader context of global energy supply dynamics.

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Earnings Calls

2024 Q3
Nov 5, 2024
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ProFrac Holdings reports slight revenue decline amid cost management efforts.
2024 Q3
Nov 5, 2024

In its third quarter, ProFrac Holdings experienced a slight revenue dip to $575 million, with adjusted EBITDA holding steady at $135 million. The Stimulation Services segment showed resilience with revenue increasing to $507 million, while Proppant Production faced a significant 24% drop to $53 million. The company anticipates softer fourth-quarter results due to budget exhaustion, maintaining a cautious outlook as it prepares for a potential recovery in 2025. Investing in next-generation technologies, ProFrac aims to enhance efficiencies and drive free cash flow, targeting $150-$200 million in maintenance capital expenditures for 2024.

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Management

Mr. Matthew D. Wilks
Executive Chairman & President
No Bio Available
Mr. Johnathan Ladd Wilks
Chief Executive Officer
No Bio Available
Mr. Matthew Greenwood
Chief Commercial Officer
No Bio Available
Mr. Austin Harbour
Chief Financial Officer
No Bio Available
Mr. Jeremy Spriggs
Senior Vice President of Operations
No Bio Available
Steven Scrogham
Chief Legal Officer, Chief Compliance Officer & Corp. Secretary
No Bio Available
Mr. Paul Kaster
Senior Vice President of HSE, Compliance & Training
No Bio Available

Contacts

Address
TEXAS
Willow Park
333 Shops Boulevard, Suite 301
Contacts
+12547763722
www.profrac.com