NASDAQ$ACDC
ProFrac Holding Corp · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
ProFrac reported strong financial results in line with the second quarter, driven by record-setting efficiency per active fleet, despite continued activity softness.
ProFrac Holding Corp. announced its Q3 2024 results, highlighting record-setting operating efficiency and strong financial performance despite a challenging market. The company's integrated platform and focus on efficiency enabled it to deliver robust results. They anticipate a recovery in activity in 2025.
- ProFrac achieved record-setting efficiency per active fleet.
- The company delivered strong financial results in line with the second quarter despite market challenges.
- Approximately 72% of active fleets include e-fleet or natural gas-capable equipment.
- Anticipate a recovery in activity in 2025 as compared to the fourth quarter of 2024.
Headline financials
Revenue & EPS history
ProFrac · Revenue · Quarterly
$575M
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 pricing and activity to decline in the fourth quarter. They expect a recovery in activity in 2025 relative to the fourth quarter.
Tailwinds
- Anticipate a recovery in activity in 2025 as compared to the fourth quarter of 2024.
- Continue to field new inbound requests for additional integrated fleet deployments.
- Highest demand for electric and Tier 4 dual fuel or DGB technologies.
- The Proppant Production segment started to see incremental improvement as we moved through the third quarter.
- Expect a recovery in activity in 2025 relative to the fourth quarter, with a more pronounced potential improvement in oil-levered regions.
Headwinds
- Pricing and activity to decline in the fourth quarter in the Stimulation Services segment.
- Pricing and volumes in the fourth quarter will be impacted by weaker demand in the Proppant Production segment.
- Natural gas-directed activity was subdued in the Proppant Production segment.
- West Texas remains highly competitive in the Proppant Production segment.
- Capital expenditures are expected to be closer to the lower end of previously provided guidance.
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 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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