ACDC
ProFrac Holding Corp.3.8900
-0.2700-6.49%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Makena perf gains, diesel tailwind detailed
Q&A unpacked Makena's punch: it opens up to 1,500 extra perfs per well, unlocking $1.8M-$2.4M D&C value, trackable quicker than production. Management pegged Q1's $8M-$12M weather EBITDA hit as recoverable, with exit rates matching or topping Q4 amid tightening calendars. Middle East strife doubled diesel prices, boosting calls for ProFrac's dual-fuel fleets and margins. They'll stick to low-20s fleets until rigs surge. Diesel doubled overnight. Answers directly hit analyst queries on proppant ops and activity gaps (0.5M-1M lateral feet below maintenance). Tone: disciplined yet poised for inflection.
Key Stats
Market Cap
703.59MP/E (TTM)
-Basic EPS (TTM)
-2.08Dividend Yield
0%Recent Filings
10-K
FY2025 results
ProFrac Holding Corp. posted FY2025 revenue of $1.94B, down 11% y/y from $2.19B, with Stimulation Services dropping 12% to $1.68B on fewer active fleets and pricing pressure, while Proppant Production surged 36% to $336M via mix shift and volumes. Q4 showed sequential uptick in demand per MD&A, yet net loss widened to $356M from $208M amid $53M impairments (Merryville mine, BPC goodwill) and $139M interest. Cash from operations fell to $190M; debt trimmed to $1.05B via equity raise and note sales. Debt service looms at $150M in 2026. Capital spending halved to $170M. No annual guidance disclosed. Oil price volatility threatens customer spending.
8-K
Q4 EBITDA surges 49%
ProFrac reported Q4 2025 revenue of $437M, up from $403M in Q3, with Adjusted EBITDA jumping 49% to $61M (14% margin). Full-year revenue fell to $1.94B from $2.19B, net loss widened to $356M, yet free cash flow held at $25M. Q1 2026 outlook softens on $8M-$12M weather hit; cost plan targets $100M savings by Q2 end. Momentum builds.
8-K
Credit facility amended, cut to $275M
ProFrac Holdings II amended its revolving credit agreement on March 3, 2026, slashing maximum availability to $275M while extending maturity six months to September 3, 2027. SOFR margins step up from 1.75%-2.25% to 3.00%-3.50% over time; unused fees lock at 0.375%. Tighter covenants replace $15M liquidity with $45M availability minimum. Lenders bought more time, but at higher cost.
8-K
ProFrac issues $25M notes
ProFrac Holdings II issued $25 million in Senior Secured Floating Rate Notes due 2029 to Beal Bank USA on January 7, 2026, via private placement under its existing indenture. Proceeds fund capital expenditures and general corporate purposes. New notes match existing ones in terms, secured by the same collateral. Funds bolster capex flexibility.
8-K
Rinaldi replaces Randle on board
ProFrac Holding Corp. appointed Matthew Rinaldi to its Board on December 17, 2025, replacing James C. Randle, who resigned the same day without disagreements. Rinaldi, designated by the Farris Parties under the 2022 Stockholders' Agreement, is non-independent and joins non-employee director compensation. No committee role yet. Board continuity holds firm.
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