Want to see ACDC full AI Analyst Report?
Top Page
ProFrac Holding
(NASDAQ:ACDC)
Select Model
Select Model
Rating:50Neutral
Price Target:
$4.50
▲(5.63% Upside)
Action:Reiterated
Date:08/07/26
The score is held down primarily by weak financial performance (declining revenue, large losses, rising leverage, and negative free cash flow) and a still-bearish technical setup (below major moving averages with negative MACD). Offsetting factors include a more constructive earnings-call outlook with sequential EBITDA/FCF improvement and cost-savings initiatives, plus a liquidity runway improvement from the new ABL facility; valuation remains difficult to assess given negative earnings and no dividend support.
Positive Factors
Sequential revenue and EBITDA improvement
Sustained sequential top-line and adjusted-EBITDA gains indicate improving utilization, pricing capture and operating leverage across fleets. If management sustains discipline and cost programs, these trends support durable cash generation and margin recovery over the next several quarters as pricing benefits layer in.
Negative Factors
Elevated leverage and weakened equity
Materially higher leverage constrains financial flexibility and raises refinancing and interest‑coverage risk if volumes or pricing weaken. Elevated debt consumes operating cash flow, limits strategic optionality, and requires sustained improvement in earnings and free cash flow to de‑risk the balance sheet over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Sequential revenue and EBITDA improvement
Sustained sequential top-line and adjusted-EBITDA gains indicate improving utilization, pricing capture and operating leverage across fleets. If management sustains discipline and cost programs, these trends support durable cash generation and margin recovery over the next several quarters as pricing benefits layer in.
Read all positive factors
ProFrac Holding (ACDC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$730.92M
Dividend YieldN/A
Average Volume (3M)1.38M
Price to Earnings (P/E)―
Beta (1Y)1.45
Revenue Growth-18.94%
EPS Growth-69.29%
CountryUS
Employees2,280
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)-2.44
Shares Outstanding180,920,750
10 Day Avg. Volume1,415,923
30 Day Avg. Volume1,380,912
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)0.79
Price to Sales (P/S)0.32
P/FCF Ratio31.78
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$5.25Price Target Upside23.24% Upside
Rating ConsensusModerate Sell
Number of Analyst Covering3
EPS Forecast (FY)-1.22
Revenue Forecast (FY)$1.92B
ProFrac Holding Business Overview & Revenue Model
Company Description
ProFrac Holding Corp. operates as an integrated energy services provider, delivering a range of solutions including hydraulic fracturing and well completion services, along with other related products, to upstream oil and gas enterprises. These cl...
How the Company Makes Money
ProFrac primarily makes money by providing hydraulic fracturing (pressure pumping) services to exploration and production (E&P) customers. Revenue is generated under service agreements where ProFrac is paid for supplying and operating fracturing f...
ProFrac Holding Earnings Call Summary
Earnings Call Date:Aug 06, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Positive
The call conveyed a generally constructive operational and financial picture: sequential revenue and adjusted EBITDA growth, strong outperformance from Flotek, improved operational efficiency and a meaningful sequential improvement in free cash flow. Management emphasized disciplined capital allocation, an accelerated engine-upgrade program and progress on a $100M cost-savings initiative, while securing an improved ABL facility to lengthen runway. Offsetting items included continued negative free cash flow (albeit improved), elevated total debt (~$1.1B), competitive pricing pressure in proppant/sand (West Texas), modest manufacturing EBITDA contraction, and broader market volatility that could introduce uncertainty. Overall, the positive operational and segment-level momentum, material Flotek gains, and improved liquidity position outweighed the challenges noted on the call.Positive Updates
Consolidated Revenue and EBITDA Growth
Q2 revenues $498M, up from $450M in Q1 (+10.7%). Adjusted EBITDA $69M, up from $54M (+27.8%) with margin improving to 14% from 12% (+2 percentage points).
Negative Updates
Free Cash Flow Still Negative and Cash Balances Low
Free cash flow remains negative at $8M in Q2 (improved but still cash consuming YTD). Cash and cash equivalents ~$19M (approx $5M attributable to Flotek) leaving limited cash buffer.
Read all updates
Q2-2026 Updates
Positive
Negative
Consolidated Revenue and EBITDA Growth
Q2 revenues $498M, up from $450M in Q1 (+10.7%). Adjusted EBITDA $69M, up from $54M (+27.8%) with margin improving to 14% from 12% (+2 percentage points).
Read all positive updates
Company Guidance
Management reiterated 2026 capital guidance of $155–185M (or $145–175M excluding Flotek) and said most pricing benefits will layer in during H2 (many increases effective Q3/Q4); they reaffirmed a $100M annualized cost‑savings program (labor $35–45M, non‑labor $30–40M, capex efficiency $20–30M), plan to maintain fleet count in the low‑20s and not add fleets speculatively, expect continued quarterly efficiency improvement and improved free cash flow as efficiencies are realized, and expect full deployment of eBlender units by year‑end. Key Q2 metrics cited: revenues $498M (Q1 $450M), adjusted EBITDA $69M (14% margin; Q1 $54M/12%), free cash flow negative $8M (improved from −$25M), stimulation revenue $430M with adj. EBITDA $39M (9%), proppant revenue $121M with adj. EBITDA $6M (5%) on ~2.5M tons (31% third‑party), manufacturing revenue $48M (18% third‑party) with adj. EBITDA $6M, Flotek revenue $102M with adj. EBITDA $19M (19%, ~42% third‑party), SG&A $44M, cash $19M (≈$5M Flotek), total liquidity ≈$72M (≈$58M ABL availability), ABL borrowings $162M (Q1 $116M), new $300M ABL (replacing $275M) with up to $25M incremental capacity, and total debt ≈$1.1B.ProFrac Holding Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
38
Negative
Cash Flow
35
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.79B | 1.94B | 2.19B | 2.63B | 2.43B | 768.40M |
| Gross Profit | 81.60M | 70.90M | 253.60M | 451.50M | 701.50M | 57.60M |
| EBITDA | 132.70M | 186.70M | 384.00M | 535.30M | 678.60M | 122.80M |
| Net Income | -406.70M | -369.00M | -215.10M | -97.70M | 91.50M | 0.00 |
Balance Sheet | ||||||
| Total Assets | 2.51B | 2.57B | 2.99B | 3.07B | 2.93B | 664.60M |
| Cash, Cash Equivalents and Short-Term Investments | 18.80M | 22.90M | 14.80M | 25.30M | 35.10M | 5.40M |
| Total Debt | 1.18B | 1.19B | 1.27B | 1.16B | 1.04B | 301.60M |
| Total Liabilities | 1.79B | 1.69B | 1.91B | 1.74B | 1.58B | 516.50M |
| Stockholders Equity | 542.50M | 786.30M | 1.01B | 1.27B | -1.18B | 147.10M |
Cash Flow | ||||||
| Free Cash Flow | -92.10M | 19.60M | 112.30M | 286.50M | 59.00M | -43.50M |
| Operating Cash Flow | 91.90M | 189.50M | 367.30M | 553.50M | 415.20M | 43.90M |
| Investing Cash Flow | -165.60M | -163.70M | -372.30M | -715.80M | -1.03B | -78.40M |
| Financing Cash Flow | 99.20M | -17.70M | -5.50M | 149.70M | 645.90M | 36.90M |
ProFrac Holding Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $851.62M | 28.23 | 28.83% | ― | 24.72% | 72.35% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
60 Neutral | $488.21M | 19.00 | 9.03% | 0.34% | 0.35% | ― | |
59 Neutral | $1.13B | 113.40 | 1.95% | ― | 4.09% | -93.54% | |
56 Neutral | $1.36B | -98.23 | -1.49% | ― | -15.14% | 92.26% | |
55 Neutral | $1.24B | 56.38 | 2.07% | 2.93% | 25.36% | -59.73% | |
50 Neutral | $730.92M | -1.52 | -55.10% | ― | -18.94% | -69.29% |
* Energy Sector Average
ACDC
ProFrac Holding
4.32
-1.77
-29.06%
CLB
Core Laboratories
11.35
1.63
16.76%
FTK
Flotek
35.42
21.56
155.56%
RES
RPC
5.87
1.48
33.71%
TTI
Tetra Technologies
8.51
4.59
117.09%
PUMP
Propetro Holding
10.98
6.28
133.62%
ProFrac Holding Corporate Events
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresPrivate Placements and Financing
ProFrac Holding Announces CEO Transition and Leadership Changes
Neutral
Aug 6, 2026
ProFrac Holding Corp., a U.S. oilfield services provider focused on hydraulic fracturing and related completion services, reported that second-quarter 2026 revenue rose to $498 million from $450 million in the first quarter, while its net loss nar...
Business Operations and StrategyPrivate Placements and Financing
ProFrac Holding Secures New Asset-Based Credit Facility
Positive
Jul 6, 2026
On July 1, 2026, ProFrac Holdings II, LLC, as borrower, entered into a new $300 million asset-based revolving credit facility with Eclipse Business Capital LLC, replacing the company’s prior $275 million ABL facility arranged by JPMorgan Cha...
Executive/Board ChangesShareholder Meetings
ProFrac Shareholders Reinforce Board, Pay and Auditor Support
Positive
Jun 1, 2026
At its annual meeting of stockholders held on May 27, 2026, ProFrac Holding Corp. shareholders elected six directors, including Matthew D. Wilks and other nominees, to serve one-year terms until the 2027 annual meeting. The voting results showed s...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.