secwatch.observer — SEC 8-K summary
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Issuer:     ProFrac Holding Corp. (ACDC)
CIK:        0001881487
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001564590-22-037438
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ProFrac Q3 revenue $696.7M (+18% QoQ); net income $143.4M (+105%); closes USWS acquisition
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- Revenue of $696.7M, up 18% sequentially; net income of $143.4M ($1.09 per share).
- Adjusted EBITDA (ex-Flotek) $267.2M, up 23% sequentially; annualized per fleet $34.5M on 31 active fleets.
- Flotek consolidation contributed $46.9M revenue and ($11.1M) Adjusted EBITDA.
- Closed U.S. Well Services acquisition on Nov 1, 2022; issued 12.9M shares and used ~$210M cash.
- Full-year capex guidance raised to $330M–$350M; expects ~39 active fleets by year-end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1881487/000156459022037438/0001564590-22-037438-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1881487/000156459022037438/pfhc-8k_20221110.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-037438

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