Innovative Collaboration Aims to Set New Standards in Emissions Reduction and Efficiency WILLOW PARK, Texas, Nov. 12, 2024 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ:ACDC) ("ProFrac", or the "Company") is proud to announce its partnership with Prairie Operating Co. (NASDAQ:PROP) ("Prairie") to implement an electric frac fleet for operations in Colorado. This groundbreaking initiative will feature a fleet of 25 advanced 3,000 HHP single E-Pumps, allowing both hydraulic fracturing and pump down operations to be fully electrified. ProFrac anticipates initial frac operations under the new partnership will commence on Prairie's recently drilled 8-well Shelduck pad in Weld County, CO. "This pa

HOUSTON, Texas, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Prairie Operating Co. (NASDAQ:PROP) (the "Company" or "Prairie") is proud to announce its partnership with ProFrac Holding Corp. (NASDAQ:ACDC) ("ProFrac") to implement an electric frac fleet for operations in Colorado. This groundbreaking initiative will feature a fleet of 25 advanced 3000 HHP Single E-Pumps, allowing both hydraulic fracturing and pump down operations to be fully electrified. Prairie anticipates initial frac operations under the new partnership will commence on the Company's recently drilled 8-well Shelduck pad in Weld County, CO. "This partnership represents a significant step forward in our commitment to emiss

WILLOW PARK, Texas, Nov. 5, 2024 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ:ACDC) ("ProFrac", or the "Company") today announced financial and operational results for its third quarter ended September 30, 2024. Third Quarter 2024 Results Total revenue was $575.3 million compared to second quarter revenue of $579.4 millionNet loss was $43.5 million compared to net loss of $65.6 million in the second quarterAdjusted EBITDA(1) was $134.8 million compared to $135.6 million in the second quarterNet cash provided by operating activities was $98.0 million compared to $113.5 million in the second quarterCapital expenditures totaled $70.0 millionFree cash flow(2) was $30.9 millionMatt Wilks, ProFr

WILLOW PARK, Texas, Oct. 25, 2024 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ:ACDC) ("ProFrac" or the "Company") announced today that it will report its third quarter 2024 financial results prior to the Company's conference call, which will be broadcast live over the Internet, on Tuesday, November 5, 2024 at 11:00 a.m. Eastern / 10:00 a.m. Central.  When: Tuesday, November 5, 2024 at 11:00 a.m. Eastern / 10:00 a.m. Central How: Live via phone – By dialing 412-902-0030 and asking for the ProFrac Holding Corp. call at least 10 minutes prior to the start time, or Live over the Internet – By logging onto the web at the address below. Where:   https://ir.pfholdingscorp.com/news-events/ir-calen

WILLOW PARK, Texas, Aug. 8, 2024 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ:ACDC) ("ProFrac", or the "Company") today announced financial and operational results for its second quarter ended June 30, 2024. Second Quarter 2024 Results Total revenue was $579.4 million compared to first quarter revenue of $581.5 millionNet loss was $65.6 million compared to net income of $3.0 million in the first quarterAdjusted EBITDA(1) was $135.6 million compared to $159.7 million in the first quarterNet cash provided by operating activities grew approximately 43% sequentially over the first quarter to $113.5 millionCapital expenditures totaled $61.9 millionFree cash flow(2) grew 187% sequentially to $74

WILLOW PARK, Texas, July 24, 2024 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ:ACDC) ("ProFrac" or the "Company") announced today that it will report its second quarter 2024 financial results prior to the Company's conference call, which will be broadcast live over the Internet, on Thursday, August 8, 2024 at 11:00 a.m. Eastern / 10:00 a.m. Central.  When: Thursday, August 8, 2024 at 11:00 a.m. Eastern / 10:00 a.m. Central How: Live via phone – By dialing 862-298-0702 and asking for the ProFrac Holding Corp. call at least 10 minutes prior to the start time, or Live over the Internet – By logging onto the web at the address below. Where: https://ir.pfholdingscorp.com/news-events/ir-calenda

WILLOW PARK, Texas, May 16, 2024 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ:ACDC) ("ProFrac", or the "Company") today announced that Lance Turner will resign from his position as Chief Financial Officer (CFO) effective June 17, 2024. Mr. Turner has agreed to serve as a consultant following his separation from the Company to ensure a smooth and successful transition to the new CFO, Austin Harbour. "Lance has been a valued member of our executive team for the past two years, and I want to thank him for his many contributions to ProFrac," said Matt Wilks, ProFrac's Executive Chairman. "He has been an integral part of our transformation. Lance's significant contributions to the financial man

WILLOW PARK, Texas, May 9, 2024 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ:ACDC) ("ProFrac", or the "Company") today announced financial and operational results for its first quarter ended March 31, 2024. First Quarter 2024 Results Total revenue grew approximately 19% sequentially to $581.5 million over the fourth quarter revenue of 2023Net income was $3.0 million compared to a net loss of $96.5 million in the fourth quarter of 2023Adjusted EBITDA(1) grew approximately 46% sequentially over the fourth quarter to $159.7 millionNet cash provided by operating activities grew approximately 85% sequentially over the fourth quarter to $79.1 millionCapital expenditures totaled $59.9 millionFree

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. Central.  When: Thursday, May 9, 2024 at 11:00 a.m. Eastern / 10:00 a.m. Central How: Live via phone – By dialing 412-902-0030 and asking for the ProFrac Holding Corp. call at least 10 minutes prior to the start time, or Live over the Internet – By logging onto the web at the address below. Where: https://ir.pfholdingscorp.com/news-events/ir-calendar

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 2022Net loss in 2023 was $59 million compared to net income of $343 million in 2022Adjusted EBITDA(1) was $688 millionNet cash provided by operating activities was $554 millionCapital expenditures totaled $267 millionFree cash flow was $293 million, an increase of 173% from 2022Net debt was $1.08 billion as of December 31, 20232023 Fourth Quarter Results Total fourth q

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Analyst downgraded ProFrac Holding from Neutral to Underweight and set a new price target of $7.00

Morgan Stanley downgraded ProFrac Holding from Equal-Weight to Underweight and set a new price target of $6.50 from $7.00 previously

Stifel downgraded ProFrac Holding from Buy to Hold and set a new price target of $7.00

Seaport Research Partners downgraded ProFrac Holding from Buy to Neutral

Morgan Stanley downgraded ProFrac Holding from Overweight to Equal-Weight and set a new price target of $14.00 from $18.00 previously

JP Morgan downgraded ProFrac Holding from Overweight to Neutral and set a new price target of $15.00