NASDAQ$ACDC
ProFrac Holding Corp · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
ProFrac delivered solid operational and financial results, increasing revenue by 7% due to higher fleet count and material sales, while net income declined sequentially due to integration costs and commodity price headwinds.
ProFrac Holding Corp. reported a 7% sequential increase in revenue to $851.7 million for Q1 2023. Net income decreased by 48% sequentially to $59.8 million. The company focused on integrating recent acquisitions and optimizing operations.
- Total revenue grew approximately 7% sequentially to $851.7 million.
- Net income declined approximately 48% sequentially to $59.8 million.
- Adjusted EBITDA excluding Flotek declined approximately 5% sequentially to $255.0 million
- First quarter results include the consolidation of Flotek results which contributed $49.2 million in revenue and a loss of ($7.9) million in Adjusted EBITDA
Headline financials
Revenue & EPS history
ProFrac · Revenue · Quarterly
$852M
Revenue by segment
ProFrac · $940M total across 3 segments · Q1 2023
- Stimulation services$790M—84.1%
- Proppant production$82.2M—8.7%
- Manufacturing$67.1M—7.1%
Forward guidance
ProFrac will pursue a disciplined approach, focusing on optimizing recent transactions to maximize discretionary free cash flow and reacting to market conditions to ensure targeted rates of return and maximize shareholder returns.
Tailwinds
- Optimizing recent transactions
- Maximizing the generation of discretionary free cash flow
- Reacting to market conditions
- Ensuring the Company's ability to earn its targeted rates of return
- Positioning the business to maximize shareholder returns
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 15 quarterly earnings reports · overlaid with Q1 2023
-0.4%
Avg return
Earnings day
+1.3%
Avg return
5 days after
+7.2%
Avg return
30 days after
53%
8 / 15 earnings
Positive
+19.6%
Q3 2024
Best reaction
-21.6%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.5% | +8.4% | +5.5% | |
| Q4 2025 | +18.6% | +15.5% | +0.3% | |
| Q3 2025 | -20.1% | -24.1% | -9.9% | |
| Q1 2025 | -7.3% | +8.3% | +94.5% | |
| Q4 2024 | +0.6% | +10.9% | -21.1% | |
| Q3 2024 | +19.6% | +11.7% | +32.2% | |
| Q2 2024 | -19.9% | -12.4% | -10.6% | |
| Q1 2024 | +12.0% | +22.8% | +23.1% | |
| Q4 2023 | -1.8% | -1.4% | +6.6% | |
| Q3 2023 | -4.9% | +6.0% | -5.0% | |
| Q2 2023 | -11.3% | -18.3% | -12.3% | |
| Q1 2023 | +8.2% | +2.9% | +25.5% | |
| Q4 2022 | -21.6% | -24.4% | -20.5% | |
| Q3 2022 | +7.3% | +5.6% | -11.9% | |
| Q2 2022 | +13.7% | +7.5% | +11.0% | |
| Q1 2022 | — | — | — | |
| Q4 2021 | — | — | — | |
| Q3 2021 | — | — | — | |
| Q2 2021 | — | — | — | |
| Q1 2021 | — | — | — | |
| Q4 2020 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro