---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-020006"
form_type: "8-K"
ticker: "ACDC"
cik: "0001881487"
company_name: "ProFrac Holding Corp."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T07:12:45.631306+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-020006
- form_type: 8-K
- ticker: ACDC
- cik: 0001881487
- company_name: ProFrac Holding Corp.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1881487/000095017023020006/0000950170-23-020006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1881487/000095017023020006/acdc-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-020006
- JSON: https://secwatch.observer/filing/0000950170-23-020006.json
- Plain text: https://secwatch.observer/filing/0000950170-23-020006.txt

## Key facts
- Earnings Releases
  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
  source text: For the first quarter of 2023, consolidated revenues totaled $851.7 million, up approximately 7% sequentially.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1881487/000095017023020006/0000950170-23-020006-index.htm

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