NASDAQ$ACDC
ProFrac Holding Corp · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
ProFrac Holding Corp. announced financial results for the third quarter ended September 30, 2022, with revenue and net income increasing sequentially.
ProFrac Holding Corp. reported strong third-quarter results, with revenue growing by approximately 18% sequentially to $696.7 million and net income rising by approximately 105% sequentially to $143.4 million. The company's annualized Adjusted EBITDA per fleet also continued to grow.
- Total revenue grew approximately 18% sequentially to $696.7 million over 2022 second quarter revenue.
- Net income rose approximately 105% sequentially to $143.4 million.
- Adjusted EBITDA excluding Flotek increased approximately 23% sequentially to $267.2 million
- Closed on its acquisition of U.S. Well Services (“USWS”) on November 1, 2022
Headline financials
Revenue & EPS history
ProFrac · Revenue · Quarterly
$697M
Revenue by segment
ProFrac · $789M total across 4 segments · Q3 2022
- Stimulation services$669M—84.8%
- Manufacturing$48.7M—6.2%
- Other$46.9M—5.9%
- Proppant production$24.6M—3.1%
Forward guidance
The Company expects improvement in revenue for the fourth quarter as compared to the third quarter, driven by the USWS acquisition.
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 Q3 2022
-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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