ProFrac Holding reports Q2 revenue $501.9M, consensus $500.05M

“Our second quarter results reflected the market headwinds that emerged following the sharp commodity price decline in early April, generally consistent with the outlook we provided with our first quarter results. That said, our operational excellence initiatives continued to deliver value, particularly our asset management program, which is driving impressive capital efficiency gains and enabling us to optimize our capital investments. Additionally, we exceeded our expectations on adjusted EBITDA less capital expenditures and continue to be a leader in our industry on that metric. Since second quarter end, a number of crews have returned to work and we have seen a modest improvement in frac calendar utilization versus the recent trough. Further, we’re encouraged by increasing customer engagement around 2026 planning, and believe that given the current market dynamics in hydraulic fracturing, a simultaneous increase in both oil-directed and gas-directed activity could lead to favorable market tightening early next year,” said Matt Wilks, ProFrac’s Executive Chairman.