ProFrac (NASDAQ:ACDC) Releases Earnings Results

ProFrac (NASDAQ:ACDC) posted its quarterly earnings results on Thursday. The company reported ($0.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.19), FiscalAI reports. The firm had revenue of $511.10 million during the quarter, compared to the consensus estimate of $555.66 million. ProFrac had a negative return on equity of 45.18% and a negative net margin of 22.83%.

Here are the key takeaways from ProFrac’s conference call:

• ProFrac’s Q3 adjusted EBITDA fell to $65 million from $69 million in Q2, as weaker proppant results and September downtime in stimulation services outweighed modest revenue growth; free cash flow improved to $14 million.
• Proppant Production was a major pressure point, with revenue down to $101 million from $121 million and adjusted EBITDA dropping to $2.4 million from $6 million, amid lower West Texas volumes, competitive pricing, and higher costs.
• Management sees a tightening frac market heading into 2027, citing retiring equipment, long replacement lead times, and customer inquiries for incremental dedicated fleets; it expects pricing gains to build, but said new capacity would require attractive contract economics and would not be built speculatively.
• Flotek revenue and adjusted EBITDA rose sequentially to $117 million and $22 million, respectively, while manufacturing revenue increased to $53 million; management pointed to demand tied to power infrastructure as a growth opportunity.
• Financing changes extended the Alpine term loan maturity to 2030, reduced near-term scheduled payments, and helped lower principal debt by $60 million through an affiliate-loan exchange; quarter-end principal debt was about $1.05 billion, with $113 million due in the next 12 months.

ProFrac Price Performance

NASDAQ ACDC traded down $1.26 during trading hours on Thursday, reaching $2.71. The company’s stock had a trading volume of 6,081,270 shares, compared to its average volume of 1,258,933. The firm’s 50-day moving average price is $4.63 and its 200-day moving average price is $5.52. The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 1.42. ProFrac has a 1 year low of $2.66 and a 1 year high of $8.22. The company has a market capitalization of $493.55 million, a price-to-earnings ratio of -1.16 and a beta of 1.48.

ProFrac News Roundup

Here are the key news stories impacting ProFrac this week:

• Positive Sentiment: Revenue rose to $511 million from $498 million in the second quarter, showing sequential growth. ProFrac Q3 2026 results
• Negative Sentiment: ProFrac reported a loss of $0.45 per share, wider than the $0.26 loss analysts expected. Revenue of $511.1 million also missed the $555.7 million consensus estimate. ProFrac earnings report
• Negative Sentiment: Net loss remained substantial at $74 million, little changed from $75 million in the prior quarter. Adjusted EBITDA declined to $65 million from $69 million, or 13% of revenue. ProFrac Q3 2026 results

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Morgan Stanley lowered their target price on shares of ProFrac from $5.00 to $4.50 and set an “underweight” rating on the stock in a research note on Thursday, August 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of ProFrac in a research note on Monday, September 21st. Finally, Wall Street Zen lowered ProFrac from a “hold” rating to a “sell” rating in a research note on Saturday, October 24th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $5.25.

Insiders Place Their Bets

In related news, major shareholder Dan H. Wilks bought 517,669 shares of the stock in a transaction dated Monday, August 10th. The shares were purchased at an average price of $4.86 per share, with a total value of $2,515,871.34. Following the completion of the acquisition, the insider owned 87,297,864 shares of the company’s stock, valued at $424,267,619.04. This represents a 0.60% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Holdings Lp Thrc bought 363,757 shares of the stock in a transaction dated Monday, August 24th. The stock was bought at an average cost of $4.70 per share, for a total transaction of $1,709,657.90. Following the acquisition, the insider directly owned 83,785,415 shares of the company’s stock, valued at approximately $393,791,450.50. This represents a 0.44% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 2,014,454 shares of company stock worth $9,750,117 in the last three months. 2.23% of the stock is owned by company insiders.

About ProFrac

ProFrac Holding Corp. is an energy services company that provides hydraulic fracturing and other well-stimulation services to oil and natural gas producers. Through its operations, the company supports the development and completion of unconventional wells, primarily in North American onshore energy markets.

The company’s activities include pressure pumping and hydraulic fracturing services, proppant production and distribution, and the manufacture, sale, and maintenance of equipment used in well-completion operations.