secwatch.observer — SEC 8-K summary
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Issuer:     ProFrac Holding Corp. (ACDC)
CIK:        0001881487
Form:       8-K
Filed at:   2024-03-13T23:59:59+00:00
Accession:  0001104659-24-033661
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ProFrac reports Q4 2023 revenue $489M, net loss $97M; full-year free cash flow $293M
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- Full-year 2023 revenue $2.63B (+8.2% YoY); net loss $59M vs net income $343M in 2022.
- Q4 2023 revenue $489M (down 15% QoQ); net loss $97M vs Q3 loss $18M.
- Adjusted EBITDA FY 2023 $688M; Q4 $110M. Free cash flow $293M, +173% YoY.
- 2024 CapEx guidance $150-200M maintenance + ~$100M growth; net debt $1.08B.
- CEO: Q1 2024 fleet count up, pumping efficiency nearly 20% above 2023 avg.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1881487/000110465924033661/0001104659-24-033661-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1881487/000110465924033661/tm248499d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-033661

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