ProFrac Holding Corp. (ACDC) Market Cap
ProFrac Holding Corp. has a market capitalization of $1.29B.
Financials based on reported quarter end 2025-12-31
Price: $7.11
▲ 0.57 (8.72%)
Market Cap: 1.29B
NASDAQ · time unavailable
CEO: Johnathan Ladd Wilks
Sector: Energy
Industry: Oil & Gas Equipment & Services
IPO Date: 2022-05-13
Website: https://www.profrac.com
ProFrac Holding Corp. (ACDC) - Company Information
Market Cap: 1.29B · Sector: Energy
ProFrac Holding Corp., a vertically integrated and energy services company, provides hydraulic fracturing, completion, and other products and services to upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. It operates through three segments: Stimulation Services, Manufacturing, and Proppant Production. The company also manufactures and sells high horsepower pumps, valves, piping, swivels, large-bore manifold systems, seats, and fluid ends. ProFrac Holding Corp. was founded in 2016 and is headquartered in Willow Park, Texas.
Analyst Sentiment
Based on 6 ratings
Analyst 1Y Forecast: $5.17
Average target (based on 2 sources)
Consensus Price Target
Low
$6
Median
$6
High
$6
Average
$6
Downside: -15.6%
Price & Moving Averages
Related Companies in Energy
Fundamentals Overview
📊 AI Financial Analysis
Powered by StockMarketInfo"For the fiscal year ending December 31, 2025, ACDC reported a revenue of $436.5M with a net income loss of $144M, yielding an EPS of -$0.88. The company's cash flow showed positive operating cash flow of $45.8M, accompanied by the same amount as free cash flow, indicating effective cash management despite capital expenditures being nil. Total assets stand at $2.573B against total liabilities of $1.692B, suggesting a robust equity position of $880.7M. The company has a net debt of $1.163B, which raises some concerns on leverage relative to its equity base. Market performance indicates a recent drop of 13.64% over the past year, although YTD, it has improved by 66.09%. There are no dividends paid out, and the focus on shareholder returns remains under pressure due to net losses. Analyst price targets suggest a moderate upside potential, with a consensus target of $4.5."
Revenue Growth
Revenue of $436.5M represents annual growth but requires further acceleration to reflect strong future potential.
Profitability
Negative net income signals profitability issues, raising concerns about long-term sustainability.
Cash Flow Quality
Positive operating and free cash flow indicate reasonable cash management despite recent losses.
Leverage & Balance Sheet
High net debt in relation to equity could pose risks in times of financial strain.
Shareholder Returns
No dividends and a price drop over the last year diminish the attractiveness for shareholder returns.
Analyst Sentiment & Valuation
Moderate upside predicted by analysts, but current price movement indicates cautious sentiment.
Disclaimer:This analysis is AI-generated for informational purposes only. Accuracy is not guaranteed and this does not constitute financial advice.
So what? ProFrac delivered a strong Q4 rebound (adj. EBITDA margin 14% vs 10% in Q3; ~+400 bps) driven by uptime, better fleet utilization, and early execution of a cost/capex efficiency program. Management also highlighted technology commercialization potential (Makena + ProPilot), but Q&A kept production uplift “too early to tell,” focusing instead on measurable perf “open/closed” improvements. The primary near-term drag is not demand—it’s weather and execution: January storms caused an estimated $8–$12m adj. EBITDA hit, and while Austin called it “pushed out to the right and recoverable,” the calendar still compresses recovery (not all regained in Feb/March). Analysts probed the Middle East as a catalyst; management confirmed increased conversations and DUC pull-forward/dense calendars, but admitted it’s too early to see rig count changes. Overall tone is confident on 2026 inflection, but Q&A pressure is centered on short-cycle recoverability and diesel-driven economics.
Growth Catalysts
- Makena technology rollout extending ProPilot + Seismos closed-loop optimization to full completion life-cycle
- Improved fleet utilization and optimized uptime driving margin recovery in Q4 vs Q3
- Haynesville basin momentum with “significant customer wins” on both frac and sand expected to increase through 2026
- Proppant logistics efficiency improvements supporting volume/uptime and strong proppant margins
Business Development
- Strategic partnership with Seismos (closed-loop fracturing; ProPilot surface automation + subsurface intelligence)
- Multi-fleet contract with a large operator kicked off early in Q4
- B. Riley senior notes issuance program: additional $25,000,000 issued in January (2029 senior notes)
- Monetized $40,000,000 Flotek seller note sold to a Wilks affiliate at par (Q4)
- Alpine Silica referenced as delivering strong proppant segment performance (Q4 revenue/volume/margins)
Financial Highlights
- Q4 revenues: $437,000,000 vs $403,000,000 in Q3
- Q4 adjusted EBITDA: $61,000,000 with adjusted EBITDA margin 14% vs $41,000,000 margin 10% (≈+400 bps sequential margin expansion)
- Free cash flow: $14,000,000 in Q4 vs -$29,000,000 in Q3
- Stimulation services adjusted EBITDA margin: 8.7% vs 5.7% in Q3 (≈+300 bps)
- Proppant production adjusted EBITDA margin: 14% vs 10.5% in Q3 (≈+350 bps)
- January weather disruption estimated at ~$8,000,000 to $12,000,000 of adjusted EBITDA impact in Q1 (pushed out, recoverable but not fully in February/March)
- Q4 proppant volumes: over 2,000,000 tons; Q4 proppant revenue $115,000,000 vs $76,000,000 in Q3; proppant segment adjusted EBITDA $16,000,000 vs $8,000,000 in Q3 (2x)
Capital Funding
- Cash & cash equivalents at 12/31/2025: ~$23,000,000 (includes ~$6,000,000 attributable to Flotek)
- Total liquidity at year-end 2025: ~$152,000,000 including ~$135,000,000 available under ABL
- ABL borrowings ended year: $69,000,000 (down $91,000,000 from 9/30)
- Principal debt outstanding at year-end: ~$1,050,000,000 (majority not due until 2029)
- Debt reduction: repaid ~$136,000,000 of long-term debt in 2025
- 2025/2026 liquidity actions: additional $25,000,000 issuance of 2029 senior notes to B. Riley in January
- Revolver extension: extended maturity of senior unsecured revolving credit facility by 6 months to Sep 2027; capacity now $275,000,000
- CapEx guidance for 2026: total CapEx (incl. Flotek) $155,000,000 to $185,000,000; excluding Flotek $145,000,000 to $175,000,000
Strategy & Ops
- Business optimization plan (introduced Nov call) targeting annualized savings of $85,000,000 to $115,000,000 midpoint $100,000,000 by end of 2026
- Savings mix: $35,000,000–$45,000,000 labor-related COGS/SG&A reductions; $30,000,000–$40,000,000 non-labor opex; $20,000,000–$30,000,000 capital expenditure efficiency
- Progress update: CapEx efficiency already achieved at/above midpoint and expected at higher end of $20,000,000–$30,000,000
- Progress update: labor savings fully implemented with annualized run-rate at or above midpoint
- Progress update: non-labor savings ~one-third achieved on an annualized basis; remainder expected to accelerate through Q2 (repair/maintenance and asset-level opex earlier stage)
- Q4 weather headwind in January: operational disruptions across stimulation and proppant; operational calendar tightened thereafter
Market Outlook
- Guidance/trajectory from Q&A: Q1 2026 frac pressure pumping results expected softer than Q4 due to January disruption, but Q1 exit expected “in line to slightly better than” Q4
- Analyst framing confirmed by management: Q2 likely better than Q4 (Matt: “That is a fair assumption”)
- Proppant Q1 guidance (directional): volumes expected down quarter-over-quarter (weather disruptions and production challenges after strong Q4)
- Middle East catalyst watch: management expects potential increases in calls/discussions and DUC pull-forward/dense calendar changes, but “too early” to determine material rig count increase
Risks & Headwinds
- January winter storms: estimated $8,000,000 to $12,000,000 adjusted EBITDA impact in the quarter; loss of days cannot be fully recovered immediately (recoverable later via tighter calendar)
- Middle East disruptions (Strait of Hormuz closure + Gulf energy infrastructure damage) remain “fluid,” creating margin/commodity price uncertainty but also potential demand timing changes
- Diesel prices: daily quote “essentially doubled” in some cases over a few weeks, raising costs and creating operational margin sensitivity
- Proppant operational vulnerability: sand mines/wash plants more disproportionately impacted by freezing temperatures than frac fleets
Sentiment: MIXED
Note: This summary was synthesized by AI from the ACDC Q4 2025 earnings transcript. Financial data is complex; please verify all metrics against official SEC filings before making investment decisions.