ProFrac Holding(ACDC)
$3.19-0.24 (-7.00%)
ACDC
ProFrac Holding earnings date
$3.19
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ProFrac Holding (ACDC) Q3 2026 Earnings Report
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ACDC Q3 2026 EPS Results
- Actual EPS
- -$0.41
- Consensus EPS
- -$0.27
- Beat/Miss
- Missed by -$0.15
- One Year Ago EPS
- -$0.55
ACDC Q3 2026 Revenue Results
- Actual Revenue
- $511.10M
- Expected Revenue
- $555.66M
- Beat/Miss
- Missed by -$44.56M
- YoY Revenue Growth
- +26.79%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/05/2026
- Time
- Before Open
- Conference Call
- Thursday, November 5, 2026
ACDC Upcoming Earnings
ProFrac Holding's next earnings date is estimated for March 18, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
ACDC Q3 2026 Earnings Call
0:00 / 0:00
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was predominantly optimistic, with management highlighting a tightening pumping market, improving October activity, favorable pricing trends, manufacturing and Flotek growth, stronger free cash flow, and extended debt maturities. These positives were tempered by third-quarter volatility, weaker Proppant Production results, lower consolidated adjusted EBITDA and margin, elevated operating costs, inflation, labor shortages, and equipment lead-time constraints.
Company Guidance
Management expects to see what we consider a normalized fleet count in the fourth quarter, less seasonality next quarter than what we have historically experienced, and pricing contribution to build through the fourth quarter; maintenance capital could decrease slightly while growth capital moves higher, driven largely by the e-blender and engine upgrades. Full-year 2026 CapEx guidance is a range of $160 million-$180 million, including Flotek, while excluding Flotek, CapEx is expected to be in the range of $145 million-$165 million. Management expects all units to be delivered by year-end and most units to be working by year-end, with some deployments carrying into early 2027, and Matt Wilks said he was “pretty confident that 2027 will see positive net income.”
- Optimistic 2027 Market OutlookManagement remains genuinely optimistic about the market heading into 2027, citing a strengthening structural case for domestic energy security, disciplined peers, limited frac equipment availability, industry equipment retirements, and long lead times for replacement equipment.
- Improved Q4 Pumping Activity and Fleet UtilizationPumping activity improved in October, and management expects a normalized fleet count in the fourth quarter. Hours pumped per day have improved, and market tightness is expected to result in less seasonality next quarter than historically experienced.
- Favorable Pricing EnvironmentLeading-edge pricing has been rising, although it remains well below the highs seen at the cycle's peak. Management is pursuing pricing increases through contracts and RFP structures and expects pricing to have a constructive impact in 2027.
- Proppant Improvement InitiativesManagement is encouraged by early improvement in proppant activity and is focused on strategically increasing pricing and throughput across its frac sand footprint. The company continues to believe proppant can generate improved free cash flow as utilization increases.
- Higher Commodity Prices and Customer ActivityWTI entered the quarter at approximately $70 per barrel, exited near $100, and touched $110 after quarter-end. Management said higher commodity prices are supporting customer cash flow, helping programs continue through a seasonally lower period, and accelerating RFP discussions for 2027 work.
- Tight Pumping Market Supports ContractingManagement said fewer dollars are chasing frac equipment, older equipment continues to retire, replacement equipment faces some of the longest lead times ever experienced, and there is no spare capacity in the market. The company is receiving inquiries for both spot and dedicated work and expects the tight market to support pricing.
- Disciplined Contract and New-Build StrategyProFrac prefers to capture value through durable contracts and RFPs rather than chase the spot market with additional equipment. The company is discussing multi-year new-build contracts with customers, will not build speculatively, and has internal manufacturing capability that provides more control over timing.
- Cost Program Targets AchievedManagement stated that the company achieved the targets established under its cost program introduced late last year.
- Manufacturing Demand GrowthThe manufacturing business is benefiting from the build-out of power infrastructure, including power-generation packaging work for other operators and rebuild work for another industry participant. Management described these relationships as deepening and creating a source of sustainable demand.
- E-Blender Program ProgressManagement expects all e-blender units to be delivered by year-end and most units to be working by year-end, with some deployments carrying into early 2027. The company said the expected benefits, including lower blender capital expenditures and operating costs, are appearing as units come online.
- Revenue and Free Cash Flow ImprovementThird-quarter revenue was $511 million, up from $498 million in the second quarter of 2026. Free cash flow was positive $14 million, improving from negative $8 million in Q2.
- Flotek GrowthFlotek generated third-quarter revenue of $117 million, up from $102 million in Q2. Adjusted EBITDA increased to $22 million from $19 million, with an adjusted EBITDA margin of 19%. Third-party sales represented approximately 49% of revenue, up from approximately 42% in Q2.
- Manufacturing Segment Revenue IncreaseManufacturing revenue increased to $53 million in Q3 from $48 million in Q2. Adjusted EBITDA was $6 million and was roughly in line with Q2, while approximately 17% of segment revenue came from third-party sales, consistent with Q2.
- Capital Expenditure Guidance NarrowedThe company tightened full-year 2026 capital expenditure guidance to $160 million-$180 million, including Flotek, from the prior range of $155 million-$185 million. Excluding Flotek, expected 2026 CapEx is $145 million-$165 million.
- Improved Liquidity and Extended Debt MaturitiesProFrac closed a new $300 million asset-based revolving credit facility, increasing commitments, improving advance rates, and extending the revolving facility maturity profile. The Alpine term loan maturity was extended to February 2030, scheduled amortization was eliminated through the first quarter of 2028, and $60 million of affiliated term loans was repaid and canceled in exchange for Flotek shares.
- Lower Near-Term Debt ObligationsAt quarter-end, total liquidity was approximately $97 million, including $79 million available under the ABL, while ABL borrowings declined to $148 million from $162 million at the end of Q2. Of approximately $1.05 billion of principal debt outstanding, only $113 million comes due over the next 12 months, with most maturities concentrated in 2029 and beyond.
- Expected Return to Positive Net IncomeManagement said it is pretty confident that 2027 will see positive net income and that signs of improvement are already visible in the fourth quarter.
- Pricing Recovery from the TroughManagement said hourly rates declined approximately 50% from the prior peak to the trough and have recovered approximately 50% to 60% from the trough, while still having room to reach prior peak levels.
- Fuel-Efficient Fleet PositionApproximately 80% of fleets in the market have gas capabilities, according to management. The company said fuel substitution is compensated either through the horsepower rate, a dual-fuel surcharge, or payment for improved substitution, depending on the customer arrangement.
ACDC Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Mar 18, 2027 | 2026 (Q4) | -0.28- | -0.48 | ― | ― |
| Nov 05, 2026 | 2026 (Q3) | -0.27-0.41 | -0.55 | 24.04% (+0.13) | |
| Aug 06, 2026 | 2026 (Q2) | -0.30-0.42 | -0.58 | 27.84% (+0.16) | |
| May 07, 2026 | 2026 (Q1) | -0.38-0.45 | -0.1 | -328.57% (-0.34) | |
| Mar 12, 2026 | 2025 (Q4) | -0.44-0.48 | -0.65 | 26.08% (+0.17) | |
| Nov 10, 2025 | 2025 (Q3) | -0.43-0.55 | -0.27 | -101.85% (-0.28) | |
| Aug 07, 2025 | 2025 (Q2) | -0.26-0.58 | 0.06 | -1158.18% (-0.64) | |
| May 07, 2025 | 2025 (Q1) | -0.32-0.10 | 0.02 | -625.00% (-0.13) | |
| Mar 06, 2025 | 2024 (Q4) | -0.34-0.65 | -0.36 | -80.00% (-0.29) | |
| Nov 05, 2024 | 2024 (Q3) | -0.15-0.27 | -0.21 | -28.57% (-0.06) |
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
