secwatch.observer — SEC 8-K summary
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Issuer:     ProFrac Holding Corp. (ACDC)
CIK:        0001881487
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001104659-24-059009
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ProFrac Q1 2024: revenue $581.5M (+19% seq), net income $3.0M (vs Q4 loss), adj EBITDA $159.7M (+46% seq)
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- Total revenue $581.5M, up 19% sequentially; net income $3.0M vs Q4 net loss of $96.5M.
- Adjusted EBITDA $159.7M (+46% seq); free cash flow $25.8M (+102% seq).
- Stimulation Services segment rev $517.3M, adj EBITDA $125.0M; Proppant Production rev $77.7M, adj EBITDA $28.4M.
- Net debt $1.06B, down ~$26M from Q4; liquidity $166.9M.
- FY2024 maintenance capex guidance $150-200M; growth capex ~$100M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1881487/000110465924059009/0001104659-24-059009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1881487/000110465924059009/tm2413911d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-059009

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