Profrac Holding Corp. Class A ( (ACDC) ) has released its Q4 earnings. Here is a breakdown of the information Profrac Holding Corp. Class A presented to its investors.
ProFrac Holding Corp. is a technology-focused energy services company that specializes in hydraulic fracturing, proppant production, and related services for North American oil and gas exploration and production companies. The company operates through several segments, including Stimulation Services, Proppant Production, and Manufacturing, and is known for its innovation-driven approach.
ProFrac Holding Corp. reported its financial results for the full year and fourth quarter of 2024, highlighting a challenging year with decreased revenues and increased net losses compared to 2023. The company faced significant headwinds, including seasonal budget exhaustion, adverse weather, and pricing pressures, which impacted its financial performance.
Key financial metrics for 2024 included a total revenue of $2.19 billion, down from $2.63 billion in 2023, and a net loss of $208 million, compared to a net loss of $59 million the previous year. Adjusted EBITDA also declined to $501 million from $688 million in 2023. The fourth quarter saw revenues of $455 million and a net loss of $102 million. Despite these setbacks, ProFrac made strategic moves, such as launching Livewire Power to address power generation needs in remote locations.
Looking ahead, ProFrac’s management is optimistic about 2025, expecting improvements in hydraulic fracturing efficiency and proppant production. The company anticipates a stabilization in pricing and increased demand, which should lead to better financial performance in the coming year. ProFrac is committed to enhancing its operational efficiency and leveraging its manufacturing capabilities to return fleets to service.