ProFrac Holding Corp

ACDC

Equity

ISIN US74319N1000 / Valor 115040472

NASDAQ (2024-11-20)

USD 7.14+5.78%

ProFrac Holding Corp
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About company

ProFrac Holding Corp, established in 2016, operates within the oil and gas industry, providing hydraulic fracturing services. The company leverages the extensive experience of its leadership team to navigate the complexities of the sector. ProFrac specializes in offering advanced fracturing solutions designed to enhance the efficiency and productivity of oil and gas extraction processes. The company is committed to delivering high-quality services that meet the evolving needs of its clients in the energy sector.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

ProFrac Holding Corp. reported a significant increase in revenue for the first quarter of 2024, with total revenue rising approximately 19% sequentially to $581.5 million from the fourth quarter of 2023. This growth highlights the company's expanding operations and successful execution of strategic initiatives.

Net Income Recovery

For the first quarter of 2024, ProFrac Holding Corp. achieved a net income of $3.0 million, a substantial improvement compared to a net loss of $96.5 million in the fourth quarter of 2023. This turnaround reflects the company's enhanced operational efficiency and cost management.

Adjusted EBITDA Increase

ProFrac Holding Corp. saw a significant increase in its Adjusted EBITDA, which grew approximately 46% sequentially to $159.7 million in the first quarter of 2024. This improvement demonstrates the company's ability to optimize its operations and increase profitability.

Capital Expenditures

During the first quarter of 2024, ProFrac Holding Corp. reported capital expenditures totaling $59.9 million. These expenditures were primarily directed towards fleet deployments and other growth-related initiatives, including fleet upgrades and mine optimization.

Business Segment Performance

In the first quarter of 2024, ProFrac Holding Corp.'s Stimulation Services segment generated revenues of $517.3 million, resulting in $125.0 million of Adjusted EBITDA. The Proppant Production segment and the Manufacturing segment also showed robust performance, contributing significantly to the company's overall financial health.

Summarized from source with an LLMView Source

Key figures

-14.1%1Y

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Performance

65.5%1Y

64.1%3Y

64.1%5Y

Volatility