ProFrac Holding Corp. Reports Third Quarter 2024 Results
ProFrac Holding Corp. - Class A (ACDC)
Company Research
Source: PR Newswire
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 ResultsTotal 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, ProFrac's Executive Chairman, stated, "We continued our recent quarterly trend setting new operating efficiency records while delivering leading performance for our customers amidst a challenging market environment. Despite continued activity softness, ProFrac was able to deliver strong financial results
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News
- ProFrac Holding Corp. (NASDAQ: ACDC) was downgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "underweight" rating. They now have a $7.00 price target on the stock.MarketBeat
- ProFrac Holding Corp. Partners with Prairie Operating Co. to Launch Electric Frac Fleet in ColoradoPR Newswire
- ProFrac Holding Q3 2024 Earnings Preview [Seeking Alpha]Seeking Alpha
- ProFrac Holding Corp. Announces Third Quarter 2024 Earnings Release and Conference Call SchedulePR Newswire
- ProFrac plunges as Morgan Stanley cuts to Sell equivalent [Seeking Alpha]Seeking Alpha
ACDC
Earnings
- 5/9/24 - Beat
ACDC
Sec Filings
- 11/27/24 - Form 4
- 11/6/24 - Form 10-Q
- 11/5/24 - Form 8-K
- ACDC's page on the SEC website