ProFrac Q2 revenue $498M, net loss $75M; CEO Ladd Wilks resigns, Matt Wilks takes over

ProFrac Holding Corp.

Q2 2026 revenue $498M (up 11% QoQ); net loss $75M vs $81M in Q1; Adjusted EBITDA $69M (14% margin).
Stimulation Services rev $430M, Adj EBITDA $39M (9% margin); Proppant Production rev $121M, Adj EBITDA $6M (5% margin).
Full-year 2026 capex guidance reaffirmed at $155-185M; new $300M ABL facility refinanced $275M facility post-quarter.
CEO Ladd Wilks resigns effective Aug 7, 2026, remains on board; Executive Chairman Matt Wilks adds CEO role.
Total debt $1.10B, net debt $1.08B; liquidity $72M at June 30; $71M availability under new ABL facility.

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