secwatch.observer — SEC 8-K summary
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Issuer:     ProFrac Holding Corp. (ACDC)
CIK:        0001881487
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0000950170-23-020006
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1881487/000095017023020006/0000950170-23-020006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1881487/000095017023020006/acdc-20230509.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-020006

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