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
Show less
Read more
Impact Snapshot
Event Time:
ACDC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ACDC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ACDC alerts
High impacting ProFrac Holding Corp. - Class A news events
Weekly update
A roundup of the hottest topics
ACDC
News
- 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
- 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
ACDC
Earnings
- 5/9/24 - Beat
ACDC
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