ProFrac Holding Corp. Reports 2023 Full Year and Fourth Quarter Financial and Operational Results
ProFrac Holding Corp. - Class A (ACDC)
Company Research
Source: PR Newswire
WILLOW PARK, Texas, March 13, 2024 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ: ACDC) ("ProFrac", or the "Company") today announced financial and operational results for its 2023 full year and fourth quarter ended December 31, 2023.2023 Full Year Results Total revenue was $2.63 billion in 2023 compared to $2.43 billion in 2022Net loss in 2023 was $59 million compared to net income of $343 million in 2022Adjusted EBITDA(1) was $688 millionNet cash provided by operating activities was $554 millionCapital expenditures totaled $267 millionFree cash flow was $293 million, an increase of 173% from 2022Net debt was $1.08 billion as of December 31, 20232023 Fourth Quarter Results Total fourth quarter revenue was $489 million compared to $574 million in the third quarter of 2023 Net loss was $97 million compared to a net loss of $18 million in the third quarter of 2023Adjusted EBITDA(1) was $110 millionNet cash provided by operating activities was $43 millionCapital expenditures totaled $33
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News
- ProFrac Holding Corp. Announces First Quarter 2024 Earnings Release and Conference Call SchedulePR Newswire
- ProFrac Holding Corp. (NASDAQ: ACDC) had its price target raised by analysts at Bank of America Co. from $8.50 to $9.50. They now have a "neutral" rating on the stock.MarketBeat
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- Flotek Industries, Inc. (NYSE:FTK) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- ProFrac Holding Corp. Announces 2023 Fourth Quarter and Full Year Earnings Release and Conference Call Schedule [Yahoo! Finance]Yahoo! Finance
ACDC
Analyst Actions
- 3/14/24 - Stifel
ACDC
Sec Filings
- 4/19/24 - Form ARS
- 4/19/24 - Form DEFA14A
- 4/19/24 - Form DEF
- ACDC's page on the SEC website