secwatch.observer — SEC 8-K summary
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Issuer:     ProFrac Holding Corp. (ACDC)
CIK:        0001881487
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0000950170-23-061559
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1881487/000095017023061559/0000950170-23-061559-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1881487/000095017023061559/acdc-20231109.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-061559

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