ProFrac Holding Corp. is a growth-oriented, vertically integrated and innovation-driven energy services company providing hydraulic fracturing, completion services and other complementary products and services to leading upstream oil and gas companies engaged in the exploration and production (“E&P”) of North American unconventional oil and natural gas resources. Founded in 2016, the Company was built to be the go-to service provider for E&P companies’ most demanding hydraulic fracturing needs. ProFrac is focused on employing new technologies to significantly reduce “greenhouse gas” emissions and increase efficiency in what has historically been an emissions-intensive component of the unconventional E&P development process. For more information, please visit the Company’s website, https://www.pfholdingscorp.com.
Company profile
Ticker
ACDC, ACDCW
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
ACDC stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
ProFrac Holding Corp. Reports 2022 Fourth Quarter and Full Year Financial and Operational Results
21 Mar 23
424B3
Prospectus supplement
28 Feb 23
8-K
ProFrac Holding Corp. Completes Acquisition of Performance Proppants and Upsize of ABL Credit Facility
28 Feb 23
DEF 14C
Information statement
27 Feb 23
8-K
Regulation FD Disclosure
22 Feb 23
PRE 14C
Preliminary information
16 Feb 23
424B3
Prospectus supplement
2 Feb 23
8-K
Entry into a Material Definitive Agreement
2 Feb 23
424B3
Prospectus supplement
23 Jan 23
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
23 Jan 23
Latest ownership filings
SC 13D/A
FLOTEK INDUSTRIES INC/CN/
2 Mar 23
4
FLOTEK INDUSTRIES INC/CN/
2 Mar 23
3/A
PHILLIP BLAINE WILBANKS
6 Feb 23
SC 13D/A
Wilks Dan H.
30 Jan 23
4/A
Farris Wilks
30 Jan 23
4/A
Dan H. Wilks
30 Jan 23
3
PHILLIP BLAINE WILBANKS
17 Jan 23
SC 13D/A
Wilks Dan H.
28 Nov 22
4
Farris Wilks
3 Nov 22
4
Dan H. Wilks
3 Nov 22
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | |
|---|---|---|---|---|
| Revenue | ||||
| Cost of revenue | ||||
| Operating income | ||||
| Operating margin | ||||
| Net income | ||||
| Net profit margin | ||||
| Cash on hand | ||||
| Change in cash | ||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | |||
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 66.74 mm | 66.74 mm | 66.74 mm | |||
| Cash burn (monthly) | 3.00 mm | (no burn) | (no burn) | |||
| Cash used (since last report) | 17.17 mm | n/a | n/a | |||
| Cash remaining | 49.57 mm | n/a | n/a | |||
| Runway (months of cash) | 16.5 | n/a | n/a | |||
Institutional ownership, Q4 2022
70.5% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 114 |
| Opened positions | 50 |
| Closed positions | 15 |
| Increased positions | 43 |
| Reduced positions | 18 |
| 13F shares | Current |
|---|---|
| Total value | 412.10 bn |
| Total shares | 38.58 mm |
| Total puts | 27.90 k |
| Total calls | 84.40 k |
| Total put/call ratio | 0.3 |
| Largest owners | Shares | Value |
|---|---|---|
| Dan H. Wilks | 18.27 mm | $451.02 mm |
| Crestview Partners III GP | 3.33 mm | $84.43 mm |
| Vanguard | 2.27 mm | $57.19 bn |
| BLK Blackrock | 1.68 mm | $42.42 bn |
| Driehaus Capital Management | 1.17 mm | $29.46 bn |
| Emerald Advisers | 1.04 mm | $26.12 bn |
| Schroder Investment Management | 853.15 k | $21.50 bn |
| Emerald Mutual Fund Advisers Trust | 812.24 k | $20.47 bn |
| STT State Street | 639.29 k | $16.11 bn |
| TCW | 603.48 k | $15.21 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 2 Feb 23 | ProFrac Holding | Warrants Common Stock | Conversion | Acquire C | Yes | No | 0.8705 | 25,366,561 | 22.08 mm | 25,366,561 |
| 28 Dec 22 | ProFrac Holding | Common Stock | Buy | Acquire P | Yes | No | 1.16 | 1,500,000 | 1.74 mm | 1,500,000 |
| 1 Nov 22 | THRC | Class A common stock, par value $0.01 per share | Other | Acquire J | No | No | 0 | 3,312,220 | 0.00 | 18,267,157 |
| 1 Nov 22 | Farris Wilks | Class A common stock, par value $0.01 per share | Other | Acquire J | No | No | 0 | 826,376 | 0.00 | 826,376 |
News
Press releases
ProFrac Holding Corp. Reports 2022 Fourth Quarter and Full Year Financial and Operational Results
21 Mar 23
ProFrac Holding Corp. Announces Fourth Quarter 2022 Earnings Release and Conference Call Schedule
7 Mar 23
ProFrac Holding Corp. Completes Acquisition of Performance Proppants and Upsize of ABL Credit Facility
27 Feb 23
ProFrac Holding Corp. Completes Acquisition of REV Energy Holdings, LLC and Producers Services Holdings LLC, Adding Six Frac Fleets
3 Jan 23
ProFrac Holding Corp. to Acquire Two Companies Expanding its Pressure Pumping Footprint and Sand Mine Portfolio
27 Dec 22