secwatch.observer — SEC 8-K summary
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Issuer:     ProFrac Holding Corp. (ACDC)
CIK:        0001881487
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001104659-24-086919
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ProFrac reports Q2 net loss of $65.6M; revenue flat at $579.4M; goodwill impairment of $67.7M
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- Net loss of $65.6M (vs Q1 net income of $3.0M); adjusted EBITDA of $135.6M (down from $159.7M).
- Revenue $579.4M, roughly flat from Q1 $581.5M; Stimulation Services segment revenue $505.6M, Adj EBITDA $107.3M.
- Proppant Production segment recognized $67.7M goodwill impairment; volumes/pricing expected to decline further.
- Free cash flow $74.0M, up 187% sequentially; net cash from ops $113.5M (+43% sequentially).
- Issued $120M senior secured floating rate notes due 2029 to fund AST acquisition; total debt $1.20B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1881487/000110465924086919/0001104659-24-086919-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1881487/000110465924086919/tm2421111d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-086919

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