earnings
confidence high
sentiment negative
materiality 0.60
ProFrac Q3 revenue $575M, net loss $43.5M; outlook expects Q4 decline but 2025 recovery
ProFrac Holding Corp.
2024-Q3 EPS reported
-$0.71
revenue$1,736,200,000
- Total revenue $575.3M (flat vs Q2); net loss $43.5M (improved from $65.6M loss in Q2).
- Adjusted EBITDA $134.8M (flat vs Q2 $135.6M); free cash flow $30.9M.
- Stimulation Services revenue $507.1M, Adj. EBITDA $112.6M; Proppant Production revenue $52.8M, Adj. EBITDA $17.3M.
- Management expects Q4 activity and pricing decline, but 2025 recovery; 72% of active fleets are electric or natural gas-capable.
- Total debt $1.17B; 2024 capex at lower end of guidance; maintenance $150M-$200M, growth ~$100M.