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ProFrac Holding Corp.

ProFrac Holding Corp.

NASDAQ•ACDC
CEO: Mr. Matthew D. Wilks
Sector: Energy
Industry: Oil & Gas Equipment & Services
Listing Date: 2022-05-13
ProFrac Holding Corp. operates as a technology-focused energy services holding company in the United States. It operates through three segments: Stimulation Services, Manufacturing, and Proppant Production. The company offers hydraulic fracturing, well stimulation, in-basin frac sand, and other completion services and complementary products and services to upstream oil and natural gas companies engaged in the exploration and production of unconventional oil and natural gas resources. It also manufactures and sells high horsepower pumps, valves, piping, swivels, large-bore manifold systems, and fluid ends. ProFrac Holding Corp. was founded in 2016 and is headquartered in Willow Park, Texas.
Contact Information
333 Shops Boulevard, Suite 301, Willow Park, TX, 76087, United States
254-776-3722
www.pfholdingscorp.com
Market Cap
$706.69M
P/E (TTM)
-2.3
16.7
Dividend Yield
--
52W High
$10.70
52W Low
$3.08
52W Range
17%
Rank65Top 87.9%
2.0
F-Score
Modified Piotroski Analysis
Based on 6-year fundamentals
Weak • 2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2019-2024

Financial Dashboard

Q3 2025 Data

Revenue

$403.10M-29.93%
4-Quarter Trend

EPS

-$0.60+106.90%
4-Quarter Trend

FCF

-$33.40M-205.70%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Liquidity Boost Via Equity Increased liquidity via August 2025 common stock issuance, generating $79.0M net proceeds for ABL repayment and corporate use.
Nine Month Revenue Decline Total revenues for nine months ended September 30, 2025 were $1,505.3M, a $230.9M decrease from the prior year period.
Widening Net Loss Net loss attributable to ProFrac Holding Corp. increased to $(226.4M) for nine months ended September 30, 2025, up $116.3M.
Operating Cash Flow Drop Cash provided by operating activities decreased $150.8M to $140.0M for the nine months ended September 30, 2025.

Risk Factors

Depressed Commodity Environment Customer activity declined starting April 2025 due to depressed oil/gas prices, negatively impacting results and cash flows significantly.
Liquidity Enhancement Uncertainty Success of planned liquidity actions, including asset sales and debt raises, is not assured for long-term compliance needs.
Alpine Leverage Covenant Alpine closely monitors Total Net Leverage Ratio covenant testing commencing Q1 2027, requiring ratio below 2.00 to 1.00.
Ongoing Litigation Expenses Litigation expenses for nine months totaled $9.3M, primarily related to costs incurred connecting with certain patent infringement lawsuits.

Outlook

Cost Structure Optimization Focus Executing initiatives focused on operational efficiency, reducing labor and SG&A costs to improve near-term financial positioning.
2025 Capital Expenditure Estimates Full year 2025 CapEx estimated between $160M and $190M total, balancing maintenance and growth initiatives spending.
Pursuing Incremental Debt Actively pursuing capital in the form of incremental debt targeting up to $40.0M to bolster liquidity position.
Q4 Results Expectation Management currently expects results of operations in the fourth quarter to increase relative to the third quarter performance.

Peer Comparison

Revenue (TTM)

Nabors Industries Ltd.NBR
$3.12B
+6.5%
ProFrac Holding Corp.ACDC
$1.96B
-11.9%
ProPetro Holding Corp.PUMP
$1.30B
-11.7%

Gross Margin (Latest Quarter)

TETRA Technologies, Inc.TTI
23.7%
-0.6pp
DMC Global Inc.BOOM
21.7%
+1.9pp
Forum Energy Technologies, Inc.FET
20.5%
-11.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
TTI$1.18B9.643.8%32.8%
PUMP$1.16B-68.0-2.1%9.0%
NBR$828.68M3.947.9%48.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-3.9%
Flat Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 10, 2025|
    Revenue: $403.10M-29.9%
    |
    EPS: $-0.60+106.9%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 7, 2025|
    Revenue: $501.90M-13.4%
    |
    EPS: $-0.67+59.5%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 7, 2025|
    Revenue: $600.30M+3.2%
    |
    EPS: $-0.12-3257.9%
    Beat

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 10, 2025|
    Revenue: $2.19B-16.7%
    |
    EPS: $-1.38-68.3%
    Miss

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 6, 2024|
    Revenue: $575.30M+0.2%
    |
    EPS: $-0.29+70.6%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 9, 2024|
    Revenue: $579.40M-18.3%
    |
    EPS: $-0.42+2053.8%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 10, 2024|
    Revenue: $581.50M-32.2%
    |
    EPS: $0.00-99.1%
    Miss

  • Form 10-K/A - FY 2023

    Period End: Dec 31, 2023|Filed: Apr 15, 2024|
    Revenue: $2.63B+8.4%
    |
    EPS: $-0.82-148.5%
    Miss