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ProFrac Holding (ACDC)
NASDAQ:ACDC
Holding ACDC?
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Earnings Data
Report Date
Mar 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.24Last Year’s EPS
-$0.36Same Quarter Last Year
Moderate Sell
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: 12.02%
|Next Earnings Date:Mar 25, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed performance with significant achievements in operational efficiencies and technology development, but also challenges in the Proppant segment and concerns about future market conditions and financial liquidity.Company Guidance
During the third quarter of 2024 earnings call for ProFrac Holding Corp, executives detailed strong financial performance despite challenging market conditions. The company reported a revenue of $575 million and an adjusted EBITDA of $135 million, with a margin of 23%. Free cash flow for the quarter was $31 million. ProFrac continued to achieve high operational efficiency, with record-setting pump hours per active fleet. The company emphasized its strategic focus on maintaining and upgrading its fleet, retiring 400,000 horsepower of legacy diesel frac pumps, and investing in next-generation electric pumps and dual-fuel technology. Approximately 75% of active fleets now utilize electric or natural gas-capable equipment, underscoring ProFrac's commitment to fuel efficiency and reducing operational costs. The Proppant Production segment faced challenges due to subdued natural gas activity and competitive pricing in West Texas, but ProFrac remains optimistic about a market recovery in 2025. The company successfully managed costs and capital expenditures, expecting to end the year towards the lower end of its CapEx guidance of $150-$200 million for maintenance and $100 million for growth. ProFrac also highlighted strategic investments in power generation to meet increasing demand due to grid constraints and electrification trends.Strong Financial Performance
ProFrac delivered strong results in Q3 2024 with revenue of $575 million and adjusted EBITDA of $135 million, maintaining an adjusted EBITDA margin of 23%.
Record Operational Efficiency
ProFrac achieved a new record for pumping hours per fleet for the third consecutive quarter, with best-performing fleets exceeding 22 hours per day.
Next-Generation Technology
Successfully tested internally designed and developed next-generation electric pumps and deployed power generation solutions to facilitate higher diesel displacement.
Strategic Asset Management
Proactively retiring 400,000 horsepower of legacy diesel burning frac pumps and reorganizing asset management to ensure high standards of quality and reliability.
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ACDC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ACDC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $6.24 | $6.72 | +7.69% |
| Aug 08, 2024 | $7.20 | $6.10 | -15.28% |
| May 09, 2024 | $7.09 | $8.25 | +16.36% |
| Mar 13, 2024 | $7.93 | $7.37 | -7.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does ProFrac Holding (ACDC) report earnings?
ProFrac Holding (ACDC) is schdueled to report earning on Mar 25, 2025, TBA Not Confirmed.
What is ProFrac Holding (ACDC) earnings time?
ProFrac Holding (ACDC) earnings time is at Mar 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ACDC EPS forecast?
ACDC EPS forecast for the fiscal quarter 2024 (Q4) is -$0.24.
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