earnings
confidence high
sentiment negative
materiality 0.75
ProFrac 2024 revenue down to $2.19B, net loss $208M; Q4 net loss $102M; launches Livewire Power
ProFrac Holding Corp.
- Full year 2024 revenue $2.19B vs $2.63B in 2023; net loss $208M vs $59M; adjusted EBITDA $501M (23% margin) vs $688M.
- Q4 2024 revenue $455M vs Q3 $575M; net loss $102M vs $44M; adjusted EBITDA $71M (16% margin) vs $135M.
- Active fleet count up >25% from Q4 trough; pricing stabilized; expects sizable revenue/profit improvement in Q1 2025.
- 2025 capex guidance $250-300M; maintenance capex $150-175M; growth capex $100-125M for fleet upgrades and sand mines.
- Launched Livewire Power in Q4 2024, focused on distributed power generation for e-frac and remote industrial users.