ProFrac Holding Corp. Partners with Prairie Operating Co. to Launch Electric Frac Fleet in Colorado
ProFrac Holding Corp. - Class A (ACDC)
Company Research
Source: PR Newswire
Innovative Collaboration Aims to Set New Standards in Emissions Reduction and EfficiencyWILLOW 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 partnership represents a significant step forward in our commitment to emissions reductions, innovative technology and operational efficiency," said Edward Kovalik, Chairman and CEO of Prairie Operating Co. "By transitioning to an all-electric frac fleet, we are not only enhancing our operational capab
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News
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- ProFrac Holding Corp. (NASDAQ: ACDC) was downgraded by analysts at Morgan Stanley from an "equal weight" rating to an "underweight" rating. They now have a $6.50 price target on the stock, down previously from $7.00.MarketBeat
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Earnings
- 5/9/24 - Beat
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Sec Filings
- 11/6/24 - Form 10-Q
- 11/5/24 - Form 8-K
- 10/2/24 - Form 3
- ACDC's page on the SEC website