Highest-materiality recent filing
ProFrac Q2 revenue $498M, net loss $75M; CEO Ladd Wilks resigns, Matt Wilks takes over
Q2 2026 revenue $498M (up 11% QoQ); net loss $75M vs $81M in Q1; Adjusted EBITDA $69M (14% margin).
New $300M asset-based revolver with Eclipse Business Capital, matures July 2030, replacing $275M JPM facility maturing Sept 2027.
ProFrac shareholders elect all six director nominees, approve say-on-pay
All six director nominees elected; vote for totals ranged from 148.85M (Glebocki) to 150.59M (Rinaldi).
ProFrac Q1 2026 revenue $450M, net loss $81M; sees stronger Q2 in stimulation services
Total revenue $450M (up 3% QoQ); net loss $81M improved from $141M loss in Q4.
ProFrac grants performance RSUs to four executives and $1M special cash award to CFO
PSUs granted to Executive Chairman Matthew D. Wilks (287,500), CEO Johnathan L. Wilks (287,500), CFO Austin Harbour (270,000), CCO Matthew Greenwood (150,000).
ProFrac Q4 rev $437M (+8% QoQ) but net loss widens to $141M; FY 2025 EBITDA down 38%
Full year 2025 revenue $1.94B vs $2.19B in 2024; net loss $356M vs $208M; Adjusted EBITDA $310M vs $501M.
ProFrac reduces credit line to $275M, extends maturity to Sept 2027, tightens covenants
Maximum availability under revolving credit facility reduced to $275.0 million from prior level.
ProFrac subsidiary issues $25M secured floating rate notes due 2029 to Beal Bank USA
ProFrac Holdings II issued $25M aggregate principal of Senior Secured Floating Rate Notes due 2029 to Beal Bank USA in a private placement.
ProFrac appoints Matthew Rinaldi to Board; James Randle resigns
Matthew Rinaldi appointed as director effective Dec 17, 2025, term expiring at 2026 annual meeting.
ProFrac amends Alpine term loan, cuts amortization; issues $40M notes
Amortization for Q1 and Q2 2026 reduced from $15M to $7.5M each per Amendment No. 4.
ProFrac Q3 revenue $403M, net loss $92M; targets $85-115M cost savings
Revenue $403M, down 20% QoQ from Q2's $502M; net loss $92M improves from $107M loss in Q2.
ProFrac underwriters partially exercise over-allotment, issue 1.84M shares for ~$7.1M net
Underwriters exercised overallotment option for 1,840,998 additional Class A common shares on August 25, 2025.
ProFrac closes 18.75M share public offering, netting ~$72.8M in proceeds
Issued 18.75M shares of Class A common stock; net proceeds ~$72.8M after fees.
ProFrac Q2: revenue $502M, net loss $104M, Adj EBITDA $79M; Q3 seen lower
Total revenue $502M vs $600M in Q1; net loss $104M vs $15M loss in Q1.
ProFrac secures $60M in new notes, reduces 2025 amortization by $30M on Alpine Term Loan
Issued $20M of Senior Secured Floating Rate Notes due 2029 to Wilks affiliates; additional $40M committed through Dec 2025.
ProFrac shareholders elect six directors, approve say-on-pay and ESPP at annual meeting
All six director nominees elected with >145M votes each; broker non-votes ~5.2M per nominee.
ProFrac Q1 revenue $600M (+32% QoQ), Adj EBITDA $130M, net loss narrows to $15M
Revenue $600M vs $455M Q4 2024; net loss $15M vs $102M loss; Adj EBITDA $130M (22% margin) vs $71M (16% margin).
ProFrac 2024 revenue down to $2.19B, net loss $208M; Q4 net loss $102M; launches Livewire Power
Full year 2024 revenue $2.19B vs $2.63B in 2023; net loss $208M vs $59M; adjusted EBITDA $501M (23% margin) vs $688M.
ProFrac Q3 revenue $575M, net loss $43.5M; outlook expects Q4 decline but 2025 recovery
Total revenue $575.3M (flat vs Q2); net loss $43.5M (improved from $65.6M loss in Q2).
ProFrac appoints Michael Henry as principal accounting officer; terms unchanged
Michael Henry appointed SVP, Principal Accounting Officer effective Sept 25, 2024; previously CAO of subsidiary.
ProFrac reports Q2 net loss of $65.6M; revenue flat at $579.4M; goodwill impairment of $67.7M
Net loss of $65.6M (vs Q1 net income of $3.0M); adjusted EBITDA of $135.6M (down from $159.7M).
ProFrac issues $120M notes due 2029 to fund acquisition of four fleets
Issued $120M aggregate principal of Senior Secured Floating Rate Notes due 2029 to Beal Bank and Beal Bank USA.
ProFrac CFO Lance Turner to resign June 17; Austin Harbour named new CFO
Lance Turner resigns as CFO effective June 17, 2024; will consult at $350/hour for up to 4 months.
ProFrac stockholders elect all six director nominees and approve say-on-pay at annual meeting
All six director nominees elected: Wilks, Glebocki, Haddock, Krylov, Nieuwoudt, Randle Jr.
ProFrac CFO Lance Turner to resign June 17; Austin Harbour appointed successor
Lance Turner resigns as CFO, effective June 17, 2024; departure not due to any disagreement with the company.
Total revenue $581.5M, up 19% sequentially; net income $3.0M vs Q4 net loss of $96.5M.
ProFrac subsidiary redeems $20M of Senior Secured Floating Rate Notes due 2029
Issuer ProFrac Holdings II, LLC redeemed $20M principal of Notes at 100% plus accrued interest on March 29, 2024.
ProFrac posts investor presentation with earnings recap on website
Company furnished investor presentation under Item 7.01 Regulation FD on March 19, 2024.
ProFrac reports Q4 2023 revenue $489M, net loss $97M; full-year free cash flow $293M
Full-year 2023 revenue $2.63B (+8.2% YoY); net loss $59M vs net income $343M in 2022.
ProFrac terminates COO Blaine Wilbanks effective Feb 5, 2024
Blaine Wilbanks' employment as Chief Operating Officer terminated on February 5, 2024.
ProFrac closes $885M refinancing, extends maturities to 2029, reorganizes proppant segment
Closed $365M Alpine Term Loan and $520M Senior Secured Notes due 2029; used to repay existing $808.4M Piper Term Loan and other debt.
ProFrac Q3 revenue $574M, net loss $17.9M; cuts capex guidance to $280-290M
Total revenue $574.2M, down 19% sequentially from $709.2M in Q2 2023.
Alpine Silica (proppant segment) to be evaluated for IPO, sale, or recapitalization to unlock value.
ProFrac Chief Legal Officer, CCO & Corporate Secretary resigns; receives $673K severance
Robert Willette resigned as Chief Legal Officer, Chief Compliance Officer, and Corporate Secretary effective September 6, 2023.
ProFrac Q2 2023 revenue $709.2M, net loss $4.6M; adjusted EBITDA $182.5M
Total revenue $709.2M, down 17% sequentially from $857.5M in Q1 2023.
ProFrac acquires Performance I & II, pays $6M in Class A stock
Acquired Performance Holdings I and II via subsidiary Alpine Silica, LLC.
ProFrac Holding posts investor presentation on IR website on June 21, 2023
Company filed an 8-K announcing an investor presentation posted on its website.
ProFrac annual meeting results: directors elected, say-on-pay every year, auditor ratified
All six director nominees elected: Glebocki, Haddock, Krylov, Nieuwoudt, Randle Jr., Wilks.
ProFrac Q1 revenue $851.7M, net income down 48% to $59.8M; integration costs weigh
Net income of $59.8M ($0.40 EPS) declined 48% sequentially; total revenue $851.7M, up 7% QoQ.
All Class B shares converted to Class A; Up-C structure eliminated, simplifying governance.
ProFrac redeems all 104.2M ProFrac LLC units; all Class B shares canceled
Redeemed 104,195,938 ProFrac LLC units for same number of new Class A common shares.
ProFrac adopts amended certificate of incorporation, maintains special voting powers
Amendment effective March 22, 2023, filed with Delaware Secretary of State.
Full year 2022 revenue $2.4B (up 216% YoY), net income $342.7M vs loss $43.5M prior year; Adj EBITDA ex-Flotek $835.5M (up ~520%).
ProFrac completes $475M acquisition of Performance Proppants, upsizes ABL to $400M
Acquired Performance Proppants for $475M ($469M cash + $6M stock) – largest in-basin proppant producer in Haynesville.
ProFrac posts investor presentation; no specific financial details disclosed in filing
Investor presentation posted on IR website on February 22, 2023.
ProFrac Holdings II amends term loan, borrows additional $170M, total ~$839M outstanding
On Feb 1, 2023, ProFrac Holdings II borrowed $170M in Additional Term B Loans under amended term loan credit agreement.
ProFrac draws $70M in delayed draw term loans; total outstanding ~$669M
On Jan 20, 2023, ProFrac Holdings II LLC borrowed $70M of Delayed Draw Term B Loans under the Amended Term Loan Agreement.
ProFrac expands board, appoints Randle as director, Wilbanks as COO effective Jan 13, 2023
Board increased from 5 to 6; Coy Randle appointed as director and Farris designee.
ProFrac draws $80M of $150M delayed term loan; consents to Producers and REV acquisitions
Funded $80M of delayed draw Term B Loans on Jan 4, 2023; up to $150M available through Dec 31, 2023.
ProFrac closes $140M REV Energy and $35M Producers acquisitions, adding six frac fleets
Acquired REV Energy for $140M: $70M in Class B shares, ~$39M seller note, $25.5M cash, ~$5.5M debt assumed; up to $20M earn-out.
On September 25, 2024, the board of directors of ProFrac Holding Corp. (the “Company”), appointed and designated Michael Henry as the Company’s principal accounting officer.
Austin Harbour was appointed as the Company’s Chief Financial Officer effective June 17, 2024
Mr. Turner will resign as the Chief Financial Officer of the Company effective June 17, 2024
Effective as of June 17, 2024, Austin Harbour, 43, will serve as the Chief Financial Officer of the Company.
Lance Turner, the Chief Financial Officer, will resign from the Company, effective June 17, 2024.
On February 5, 2024, the employment of Mr. Blaine Wilbanks, who had been serving as the Chief Operating Officer of ProFrac Holding Corp., was terminated.
On September 6, 2023, Robert Willette resigned as the company’s Chief Legal Officer, Chief Compliance Officer, and Corporate Secretary, effective as of September 6, 2023.
Mr. Coy Randle was promoted from the position of Chief Operating Officer to become a member of the Board
Mr. Phillip Blaine Wilbanks, the Company’s Senior Vice President of Operations, was promoted to the position of Chief Operating Officer.
increased the size of the Board to five and appointed Sergei Krylov, Terry Glebocki, Stacy Nieuwoudt and Gerald Haddock as members of the Board.
increased the size of the Board to five and appointed Sergei Krylov, Terry Glebocki, Stacy Nieuwoudt and Gerald Haddock as members of the Board.
increased the size of the Board to five and appointed Sergei Krylov, Terry Glebocki, Stacy Nieuwoudt and Gerald Haddock as members of the Board.
Max materiality 0.85 · Median 0.65 · Most common event earnings