ProFrac Q3 revenue $574M, net loss $17.9M; cuts capex guidance to $280-290M

ProFrac Holding Corp.

2023-Q3 EPS reported -$0.12 revenue$2,140,900,000

Total revenue $574.2M, down 19% sequentially from $709.2M in Q2 2023.
Net loss $17.9M ($0.21 per share) vs net loss $4.6M in Q2; Adj. EBITDA $149.3M.
Reduced active fleet count in August; expects fleet increase in Q1 2024 under contracted terms.
Issued $50M perpetual preferred convertible to Wilks Family at $20/share conversion.
Net debt reduced $122.9M to $1,055.8M; liquidity $136.6M including $20.6M cash.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ProFrac Holding Corp. reported third quarter ended September 30, 2023 results: revenue $574.2 million, net income Net loss was $17.9 million, EPS basic and diluted loss per Class A common share was $0.21.

Period: third quarter ended September 30, 2023
Revenue: $574.2 million
Net income: Net loss was $17.9 million
EPS: basic and diluted loss per Class A common share was $0.21
Result: reported results

Exact text from the filing

"Company") today announced financial and operational results for its third quarter ended September 30, 2023. Third Quarter 2023 Results and Recent Highlights Total revenue was $574.2 million compared to $709.2 million in the second quarter of 2023 Net loss was $17.9 million compared to a net loss of $4.6 million in the second quarter of 2023 Adjusted EBITDA (1) was

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Source: SEC EDGAR

accession 0000950170-23-061559

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