Latest news with #ProFracHoldingCorp
Business Wire
3 days ago
- Business
- Business Wire
ProFrac Holding Corp. Announces Pricing of Public Offering of Class A Common Stock
WILLOW PARK, Texas--(BUSINESS WIRE)--ProFrac Holding Corp. (NASDAQ: ACDC) ('ProFrac' or the 'Company') today announced the pricing of its previously announced underwritten public offering of 18,750,000 shares of its Class A common stock (the 'Offering') at a price to the public of $4.00 per share, for gross proceeds of approximately $75.0 million before deducting the underwriting discount and other estimated offering expenses. The Company has granted the underwriters a 30-day option to purchase up to an additional $11,250,000 of its Class A common stock. The Offering is expected to close on or about August 14, 2025, subject to customary closing conditions. The Company intends to use the net proceeds from the Offering to repay borrowings outstanding under the Company's senior secured asset-based revolving credit agreement, to pursue potential investment opportunities and for working capital and other general corporate purposes. J.P. Morgan Securities LLC and Piper Sandler & Co. are acting as joint book-running managers for the Offering. The Offering was made only by means of a prospectus supplement and the accompanying base prospectus, which were filed as part of an effective shelf registration statement filed with the Securities and Exchange Commission ('SEC') on Form S-3. Copies of the final prospectus supplement and accompanying base prospectus relating to the Offering, once available, may be obtained on the SEC's website at or by contacting J.P. Morgan Securities LLC, attention: c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at prospectus-eq_fi@ or postsalemanualrequests@ or Piper Sandler & Co., by mail at Attention: Prospectus Department, 350 North 5th Street, Suite 1000, Minneapolis, MN 55401, by telephone at (800) 747-3924 or by email at prospectus@ This press release does not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About ProFrac Holding Corp. ProFrac Holding Corp. is a technology-focused, vertically integrated and innovation-driven energy services holding company providing hydraulic fracturing, proppant production, related completion services and complementary products and services to leading upstream oil and natural gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. ProFrac operates through three business segments: Stimulation Services, Proppant Production and Manufacturing, in addition to Other Business Activities. Cautionary Statement Regarding Forward-Looking Statements Certain statements in this press release may be considered 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be accompanied by words such as 'may,' 'expect,' 'intend,' 'will,' or similar words. All statements, other than statements of historical fact included in this release, including those regarding the use of proceeds of the Offering and the expected closing date of the Offering, are forward-looking statements. Such forward-looking statements are based upon assumptions made by the Company as of the date hereof and are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: changes in market conditions, the risk that the Offering will not be consummated on the timing contemplated or otherwise, and the satisfaction of customary closing conditions related to the Offering, as well as the risks and uncertainties discussed in the preliminary prospectus supplement for the Offering and other risks and uncertainties set forth in the sections entitled 'Risk Factors' and 'Cautionary Statement Regarding Forward-Looking Statements' in the Company's filings with the SEC, which are available on the SEC's website at
Associated Press
3 days ago
- Business
- Associated Press
ProFrac Holding Corp. Announces Pricing of Public Offering of Class A Common Stock
WILLOW PARK, Texas--(BUSINESS WIRE)--Aug 13, 2025-- ProFrac Holding Corp. (NASDAQ: ACDC) ('ProFrac' or the 'Company') today announced the pricing of its previously announced underwritten public offering of 18,750,000 shares of its Class A common stock (the 'Offering') at a price to the public of $4.00 per share, for gross proceeds of approximately $75.0 million before deducting the underwriting discount and other estimated offering expenses. The Company has granted the underwriters a 30-day option to purchase up to an additional $11,250,000 of its Class A common stock. The Offering is expected to close on or about August 14, 2025, subject to customary closing conditions. The Company intends to use the net proceeds from the Offering to repay borrowings outstanding under the Company's senior secured asset-based revolving credit agreement, to pursue potential investment opportunities and for working capital and other general corporate purposes. J.P. Morgan Securities LLC and Piper Sandler & Co. are acting as joint book-running managers for the Offering. The Offering was made only by means of a prospectus supplement and the accompanying base prospectus, which were filed as part of an effective shelf registration statement filed with the Securities and Exchange Commission ('SEC') on Form S-3. Copies of the final prospectus supplement and accompanying base prospectus relating to the Offering, once available, may be obtained on the SEC's website at or by contacting J.P. Morgan Securities LLC, attention: c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at [email protected] or [email protected]; or Piper Sandler & Co., by mail at Attention: Prospectus Department, 350 North 5th Street, Suite 1000, Minneapolis, MN 55401, by telephone at (800) 747-3924 or by email at [email protected]. This press release does not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About ProFrac Holding Corp. ProFrac Holding Corp. is a technology-focused, vertically integrated and innovation-driven energy services holding company providing hydraulic fracturing, proppant production, related completion services and complementary products and services to leading upstream oil and natural gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. ProFrac operates through three business segments: Stimulation Services, Proppant Production and Manufacturing, in addition to Other Business Activities. Cautionary Statement Regarding Forward-Looking Statements Certain statements in this press release may be considered 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be accompanied by words such as 'may,' 'expect,' 'intend,' 'will,' or similar words. All statements, other than statements of historical fact included in this release, including those regarding the use of proceeds of the Offering and the expected closing date of the Offering, are forward-looking statements. Such forward-looking statements are based upon assumptions made by the Company as of the date hereof and are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: changes in market conditions, the risk that the Offering will not be consummated on the timing contemplated or otherwise, and the satisfaction of customary closing conditions related to the Offering, as well as the risks and uncertainties discussed in the preliminary prospectus supplement for the Offering and other risks and uncertainties set forth in the sections entitled 'Risk Factors' and 'Cautionary Statement Regarding Forward-Looking Statements' in the Company's filings with the SEC, which are available on the SEC's website at View source version on CONTACT: ProFrac Holding Corp. Austin Harbour -- Chief Financial Officer Michael Messina -- Director of Finance [email protected], Inc. [email protected] KEYWORD: TEXAS UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: ALTERNATIVE ENERGY ENERGY OTHER ENERGY OIL/GAS SOURCE: ProFrac Holding Corp. Copyright Business Wire 2025. PUB: 08/13/2025 05:00 AM/DISC: 08/13/2025 04:59 AM
Globe and Mail
4 days ago
- Business
- Globe and Mail
ProFrac Holding Corp. Announces Proposed Public Offering of Class A Common Stock
ProFrac Holding Corp. (NASDAQ: ACDC) ('ProFrac' or the 'Company') today announced that it has commenced an underwritten public offering of $75,000,000 of its Class A common stock (the 'Offering'). The Company intends to grant the underwriters a 30-day option to purchase up to an additional $11,250,000 of its Class A common stock. The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering. The Company intends to use the net proceeds from the Offering to repay borrowings outstanding under the Company's senior secured asset-based revolving credit agreement, to pursue potential investment opportunities and for working capital and other general corporate purposes. J.P. Morgan Securities LLC and Piper Sandler & Co. are acting as joint book-running managers for the Offering. The Offering will be made only by means of a prospectus supplement and the accompanying base prospectus, which were filed as part of an effective shelf registration statement filed with the Securities and Exchange Commission ('SEC') on Form S-3. Copies of the preliminary prospectus supplement and accompanying base prospectus relating to the Offering, as well as copies of the final prospectus supplement, once available, may be obtained on the SEC's website at or by contacting J.P. Morgan Securities LLC, attention: c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at prospectus-eq_fi@ or postsalemanualrequests@ or Piper Sandler & Co., by mail at attention: Prospectus Department, 350 North 5th Street, Suite 1000, Minneapolis, MN 55401, by telephone at (800) 747-3924 or by email at prospectus@ This press release does not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About ProFrac Holding Corp. ProFrac Holding Corp. is a technology-focused, vertically integrated and innovation-driven energy services holding company providing hydraulic fracturing, proppant production, related completion services and complementary products and services to leading upstream oil and natural gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. ProFrac operates through three business segments: Stimulation Services, Proppant Production and Manufacturing, in addition to Other Business Activities. Cautionary Statement Regarding Forward-Looking Statements Certain statements in this press release may be considered 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be accompanied by words such as 'may,' 'expect,' 'intend,' 'will,' 'estimate,' 'anticipate,' 'believe,' 'predict,' or similar words. All statements, other than statements of historical fact included in this release, including those regarding the timing and sizing of the Offering, are forward-looking statements. Such forward-looking statements are based upon assumptions made by the Company as of the date hereof and are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: changes in market conditions, the risk that the Offering will not be consummated on the terms or in the amounts contemplated or otherwise, and the satisfaction of customary closing conditions related to the Offering, as well as the risks and uncertainties discussed in the preliminary prospectus supplement for the Offering and other risks and uncertainties set forth in the sections entitled 'Risk Factors' and 'Cautionary Statement Regarding Forward-Looking Statements' in the Company's filings with the SEC, which are available on the SEC's website at
Business Wire
4 days ago
- Business
- Business Wire
ProFrac Holding Corp. Announces Proposed Public Offering of Class A Common Stock
WILLOW PARK, Texas--(BUSINESS WIRE)--ProFrac Holding Corp. (NASDAQ: ACDC) ('ProFrac' or the 'Company') today announced that it has commenced an underwritten public offering of $75,000,000 of its Class A common stock (the 'Offering'). The Company intends to grant the underwriters a 30-day option to purchase up to an additional $11,250,000 of its Class A common stock. The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering. The Company intends to use the net proceeds from the Offering to repay borrowings outstanding under the Company's senior secured asset-based revolving credit agreement, to pursue potential investment opportunities and for working capital and other general corporate purposes. J.P. Morgan Securities LLC and Piper Sandler & Co. are acting as joint book-running managers for the Offering. The Offering will be made only by means of a prospectus supplement and the accompanying base prospectus, which were filed as part of an effective shelf registration statement filed with the Securities and Exchange Commission ('SEC') on Form S-3. Copies of the preliminary prospectus supplement and accompanying base prospectus relating to the Offering, as well as copies of the final prospectus supplement, once available, may be obtained on the SEC's website at or by contacting J.P. Morgan Securities LLC, attention: c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at prospectus-eq_fi@ or postsalemanualrequests@ or Piper Sandler & Co., by mail at attention: Prospectus Department, 350 North 5th Street, Suite 1000, Minneapolis, MN 55401, by telephone at (800) 747-3924 or by email at prospectus@ This press release does not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About ProFrac Holding Corp. ProFrac Holding Corp. is a technology-focused, vertically integrated and innovation-driven energy services holding company providing hydraulic fracturing, proppant production, related completion services and complementary products and services to leading upstream oil and natural gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. ProFrac operates through three business segments: Stimulation Services, Proppant Production and Manufacturing, in addition to Other Business Activities. Cautionary Statement Regarding Forward-Looking Statements Certain statements in this press release may be considered 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be accompanied by words such as 'may,' 'expect,' 'intend,' 'will,' 'estimate,' 'anticipate,' 'believe,' 'predict,' or similar words. All statements, other than statements of historical fact included in this release, including those regarding the timing and sizing of the Offering, are forward-looking statements. Such forward-looking statements are based upon assumptions made by the Company as of the date hereof and are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: changes in market conditions, the risk that the Offering will not be consummated on the terms or in the amounts contemplated or otherwise, and the satisfaction of customary closing conditions related to the Offering, as well as the risks and uncertainties discussed in the preliminary prospectus supplement for the Offering and other risks and uncertainties set forth in the sections entitled 'Risk Factors' and 'Cautionary Statement Regarding Forward-Looking Statements' in the Company's filings with the SEC, which are available on the SEC's website at
Yahoo
08-08-2025
- Business
- Yahoo
ProFrac Holding Corp. (ACDC) Reports Q2 Loss, Beats Revenue Estimates
ProFrac Holding Corp. (ACDC) came out with a quarterly loss of $0.67 per share versus the Zacks Consensus Estimate of a loss of $0.29. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -131.03%. A quarter ago, it was expected that this company would post a loss of $0.32 per share when it actually produced a loss of $0.11, delivering a surprise of +65.63%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. ProFrac Holding Corp., which belongs to the Zacks Oil and Gas - Field Services industry, posted revenues of $501.9 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.52%. This compares to year-ago revenues of $579.4 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. ProFrac Holding Corp. shares have lost about 19.2% since the beginning of the year versus the S&P 500's gain of 7.9%. What's Next for ProFrac Holding Corp.? While ProFrac Holding Corp. has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for ProFrac Holding Corp. was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.27 on $477.65 million in revenues for the coming quarter and -$0.98 on $1.99 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the bottom 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ProFrac Holding Corp. (ACDC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
