{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-008842","form_type":"8-K","ticker":"ACDC","cik":"0001881487","company_name":"ProFrac Holding Corp.","filed_at":"2023-03-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.327116+00:00","generated_at":"2026-06-17T22:34:33.417141+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"ProFrac 2022 rev $2.4B (+216% YoY), net income $342.7M; Q4 rev $794M, net $116M; closes $475M acquisition","bullets":["Full year 2022 revenue $2.4B (up 216% YoY), net income $342.7M vs loss $43.5M prior year; Adj EBITDA ex-Flotek $835.5M (up ~520%).","Q4 2022 revenue $794.1M (up 14% sequential), net income $116M (down 17%); Adj EBITDA ex-Flotek $269.2M (up 2%).","Average active fleets: 36 in Q4 (31 in Q3); Q1 2023 efficiency expected slightly lower due to gas price drop and winter weather.","Closed $475M Performance Proppants acquisition in Q1 2023, funded by $320M term loan upsizing and ABL increase.","Gross debt $959.4M, cash $35.1M, liquidity $212.3M ex-Flotek at Dec 31; 2023 capex expected in line with 2022 ($356M)."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-008842","json":"https://secwatch.observer/filing/0000950170-23-008842.json","markdown":"https://secwatch.observer/filing/0000950170-23-008842.md","text":"https://secwatch.observer/filing/0000950170-23-008842.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1881487/000095017023008842/0000950170-23-008842-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1881487/000095017023008842/acdc-20230321.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T22:34:33.417141+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b6ff7387c3f462ddeadc7022a93db4a7cdfca74f","claim":"ProFrac Holding Corp. reported fourth quarter ended December 31, 2022 results: revenue $794.1 million, net income $116 million, EPS $0.82 per Class A share.","evidence_excerpt":"Fourth Quarter 2022 Results and Recent Highlights Total revenue grew approximately 14% sequentially to $794.1 million over 2022 third quarter revenue Net income declined approximately 17% sequentially to $116 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1881487/000095017023008842/0000950170-23-008842-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter ended December 31, 2022"},{"label":"Revenue","value":"$794.1 million"},{"label":"Net income","value":"$116 million"},{"label":"EPS","value":"$0.82 per Class A share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"d7cc23e030f4662f64e3d0e9c7677cc3b1c7a0b6","claim":"ProFrac Holding Corp. reported full year ended December 31, 2022 results: revenue $2.4 billion, net income $342.7 million, EPS $2.06 per Class A share.","evidence_excerpt":"Full Year 2022 Results Total revenue of $2.4 billion, up 216% year-over-year Net income totaled $342.7 million compared to a net loss of ($43.5) million in the previous year","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1881487/000095017023008842/0000950170-23-008842-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year ended December 31, 2022"},{"label":"Revenue","value":"$2.4 billion"},{"label":"Net income","value":"$342.7 million"},{"label":"EPS","value":"$2.06 per Class A share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}