**ProFrac Holding Corp. Reports Financial Results for Fiscal Year 2025**

ProFrac Holding Corp. (ACDC) reported total revenues of $1.94 billion for the year ended December 31, 2025, a decrease of 12% compared to $2.19 billion in 2024. The company experienced a net loss of $355.5 million in 2025, compared to a net loss of $207.8 million in the previous year. Cash provided by operating activities totaled $189.5 million, a decrease from $367.3 million in 2024. As of December 31, 2025, the total principal amount of long-term debt outstanding was $1.05 billion, compared to $1.14 billion at the end of 2024.

The Stimulation Services segment saw revenues decrease to $1.68 billion in 2025 from $1.91 billion in 2024, primarily due to a reduction in average active fleets and lower service pricing. Proppant Production revenues increased to $336.0 million in 2025 from $246.5 million in 2024, driven by higher average proppant pricing and increased sales volumes. Manufacturing revenues decreased slightly to $212.3 million in 2025 from $222.8 million in 2024, while Flotek revenues increased to $243.6 million in 2025 from $192.4 million in 2024. The company's other business activities, including Livewire Power, generated $17.3 million in revenue, up from $3.1 million in the prior year.

Significant events in 2025 included the sale of gas conditioning equipment to Flotek for $107.5 million, followed by a leaseback agreement. ProFrac also disposed of its interest in EKU Power Drives, resulting in a $10.5 million loss. The company amended its Alpine Term Loan Credit Agreement, reducing amortization payments and extending the compliance timeline for a leverage ratio covenant. Additionally, ProFrac issued $60.0 million in additional senior secured notes and completed a public offering of 18.75 million shares of Class A common stock, generating net proceeds of approximately $79.0 million.

Looking ahead, ProFrac anticipates capital expenditures between $80.0 million and $100.0 million for maintenance and an additional $75.0 million to $85.0 million for growth initiatives in 2026. The company is focused on financial and operational discipline and optimizing its asset base. While visibility for future demand remains limited, ProFrac is encouraged by recent customer engagement. The company is also closely monitoring Alpine's forthcoming debt covenant compliance obligation that commences in the fiscal quarter ending March 31, 2028.

About ProFrac Holding Corp.

ProFrac Holding Corp. provides hydraulic fracturing, proppant production, and well stimulation services to upstream oil and gas companies in North America. Its core business segments include stimulation services, proppant manufacturing, and related equipment fabrication. The company emphasizes technological innovation, vertical integration, and a diversified geographic footprint to serve major unconventional resource basins, offering advanced equipment, in-basin proppant, and environmentally conscious solutions to support energy exploration and production.

This description was generated via AI from an annual report. Updated 8 months ago.

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