---
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"
generated_at: "2026-06-08T07:48:51.861496+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1881487/000095017023061559/0000950170-23-061559-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1881487/000095017023061559/acdc-20231109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-061559
- JSON: https://secwatch.observer/filing/0000950170-23-061559.json
- Plain text: https://secwatch.observer/filing/0000950170-23-061559.txt

## Key facts
- Earnings Releases
  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
  source text: "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_url: https://www.sec.gov/Archives/edgar/data/1881487/000095017023061559/0000950170-23-061559-index.htm

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