ProFrac Q1 revenue $851.7M, net income down 48% to $59.8M; integration costs weigh

ProFrac Holding Corp.

2023-Q1 EPS reported $0.40 revenue$851,700,000

Net income of $59.8M ($0.40 EPS) declined 48% sequentially; total revenue $851.7M, up 7% QoQ.
Adjusted EBITDA (ex-Flotek) $255M, down 5% QoQ; annualized EBITDA per fleet $25.1M on 40.7 avg active fleets.
Over $20M integration costs for acquisitions (U.S. Well Services, Monarch Silica, REV, Performance Proppants, Producers).
Stimulation Services rev $790.2M, EBITDA $205.7M; Proppant rev $82.2M; Flotek contributed $49.2M rev, $7.9M EBITDA loss.
Capex $83.2M; gross debt $1,291.2M; liquidity $169M excl. Flotek.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ProFrac Holding Corp. reported first quarter ended March 31, 2023 results: revenue $851.7 million, net income $59.8 million, EPS $0.40 per share.

Period: first quarter ended March 31, 2023
Revenue: $851.7 million
Net income: $59.8 million
EPS: $0.40 per share
Result: reported results

Exact text from the filing

For the first quarter of 2023, consolidated revenues totaled $851.7 million, up approximately 7% sequentially.

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Source: SEC EDGAR

accession 0000950170-23-020006

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