{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-061559","form_type":"8-K","ticker":"ACDC","cik":"0001881487","company_name":"ProFrac Holding Corp.","filed_at":"2023-11-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.268809+00:00","generated_at":"2026-06-08T07:48:51.861496+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"ProFrac Q3 revenue $574M, net loss $17.9M; cuts capex guidance to $280-290M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-061559","json":"https://secwatch.observer/filing/0000950170-23-061559.json","markdown":"https://secwatch.observer/filing/0000950170-23-061559.md","text":"https://secwatch.observer/filing/0000950170-23-061559.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1881487/000095017023061559/0000950170-23-061559-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1881487/000095017023061559/acdc-20231109.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T07:48:51.861496+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b10782832d69f8211ecbc8fac86a319c4e4f1f28","claim":"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.","evidence_excerpt":"\"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1881487/000095017023061559/0000950170-23-061559-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2023"},{"label":"Revenue","value":"$574.2 million"},{"label":"Net income","value":"Net loss was $17.9 million"},{"label":"EPS","value":"basic and diluted loss per Class A common share was $0.21"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}