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ProFrac Holding Corp. Reports First Quarter 2025 Results
WILLOW PARK, Texas--(BUSINESS WIRE)-- ProFrac Holding Corp. (NASDAQ: ACDC) (“ProFrac”, or the “Company”) today announced financial and operational results
About this update from Profrac Holding Corp.
[{"type":"text","content":" WILLOW PARK, Texas--(BUSINESS WIRE)--\nProFrac Holding Corp. (NASDAQ: ACDC) (“ProFrac”, or the “Company”) today announced financial and operational results for its first quarter ended March 31, 2025.\n\nFirst Quarter 2025 Results\n\n\nTotal revenue was $600 million compared to fourth quarter 2024 revenue of $455 million\n\n\nNet loss was $15 million compared to net loss of $102 million in fourth quarter 2024\n\n\nAdjusted EBITDA(1) was $130 million compared to $71 million in fourth quarter 2024; 22% of revenue in the first quarter compared to 16% of revenue in fourth quarter 2024\n\n\nNet cash provided by operating activities was $39 million compared to $77 million in fourth quarter 2024\n\n\nCapital expenditures totaled $53 million compared to $63 million in fourth quarter 2024\n\n\nFree cash flow(2) was $(14) million compared to $54 million in fourth quarter 2024\n\n\n\"Our first quarter 2025 results were strong, with revenue increasing 32% and Adjusted EBITDA increasing 83% versus fourth quarter 2024. Further, we achieved new operating efficiency records both in terms of pump hours and average pump hours per fleet, a testament to our asset management program and execution in the field. In Proppant Production, volumes ramped significantly early in the quarter, and we achieved volumes in March that were the highest since November 2023,\" said Matt Wilks, ProFrac's Executive Chairman.\n\n\"Our industry faces headwinds from tariff-induced uncertainty and OPEC+'s production increase, which pressured commodity prices early in the second quarter and have clouded the forward outlook. Some customers have become more selective with their oil-directed completion schedules, focusing on cash flow optimization while awaiting greater clarity on oil supply and demand dynamics. Gas market dynamics, however, remain relatively favorable, with continued inbounds for our services in the second half of 2025 and early 2026,\" concluded Mr. Wilks.\n\nOutlook\n\nIn the Stimulation Services segment, ProFrac's active fleet count has declined from the recent first quarter peak. The Company believes operators are extending intervals between completions and reducing activity on projects with less favorable economics in the current pricing environment. Operators continue to reassess capital deployment timing and activity levels. The Company’s asset manage...