NASDAQ$ACDC
ProFrac Holding Corp · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
ProFrac's Q1 2024 financial results were announced, demonstrating progress on strategic initiatives with lower costs and higher profitability.
ProFrac Holding Corp. reported its Q1 2024 results, highlighting progress on strategic initiatives that began in the back half of 2023. The company's greater scale, utilization, and efficiencies are reflected in lower costs and higher profitability.
- First quarter results demonstrated meaningful progress on strategic initiatives.
- Greater scale, utilization, and efficiencies led to lower costs and higher profitability.
- A substantial number of fleets were deployed in a disciplined manner during the first quarter.
- The company anticipates steady pricing in the Stimulation Services segment and opportunities to improve profitability per fleet.
Headline financials
Revenue & EPS history
ProFrac · Revenue · Quarterly
$582M
Revenue by segment
ProFrac · $632M total across 3 segments · Q3 2023
- Stimulation services$490M-26.8%77.5%
- Proppant production$98.4M+300.0%15.6%
- Manufacturing$43.8M-10.1%6.9%
Forward guidance
The Company anticipates steady pricing in Stimulation Services and expects improved volumes and profitability in Proppant Production.
Tailwinds
- Pricing is expected to remain steady in Stimulation Services.
- Opportunities exist to further improve profitability per fleet due to superior cost structure and operating leverage.
- Volumes are expected to improve in Proppant Production.
- Profitability is expected to improve in Proppant Production.
- Third party volumes are expected to expand alongside stimulation services segment volumes.
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 2024
-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 | — | — | — |
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