---
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"
generated_at: "2026-06-17T22:34:33.417141+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ProFrac 2022 rev $2.4B (+216% YoY), net income $342.7M; Q4 rev $794M, net $116M; closes $475M acquisition

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-008842
- JSON: https://secwatch.observer/filing/0000950170-23-008842.json
- Plain text: https://secwatch.observer/filing/0000950170-23-008842.txt

## Key facts
- Earnings Releases
  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.
  - Period: fourth quarter ended December 31, 2022
  - Revenue: $794.1 million
  - Net income: $116 million
  - EPS: $0.82 per Class A share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1881487/000095017023008842/0000950170-23-008842-index.htm
- Earnings Releases
  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.
  - Period: full year ended December 31, 2022
  - Revenue: $2.4 billion
  - Net income: $342.7 million
  - EPS: $2.06 per Class A share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1881487/000095017023008842/0000950170-23-008842-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.