secwatch.observer — SEC 8-K summary
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Issuer:     ProFrac Holding Corp. (ACDC)
CIK:        0001881487
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0000950170-23-040972
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ProFrac Q2 2023 revenue $709.2M, net loss $4.6M; adjusted EBITDA $182.5M
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- Total revenue $709.2M, down 17% sequentially from $857.5M in Q1 2023.
- Net loss ($4.6M) vs net income $59.8M in Q1; diluted loss $0.02 per share.
- Adjusted EBITDA $182.5M, down 26% from prior quarter; operating cash flow $153.7M.
- Reduced active fleets in June/August; 2023 capex guidance lowered to ~$300M from prior plan.
- Net debt reduced by $85.6M; total gross debt $1,205.6M, liquidity $163.5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1881487/000095017023040972/0000950170-23-040972-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1881487/000095017023040972/acdc-20230810.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-040972

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer