ProFrac Holding reports Q4 revenue $454.7M, consensus $479.26M

“Fourth quarter 2024 results reflected the impact of seasonal budget exhaustion and adverse weather, as well as pricing pressure,” stated Matt Wilks, ProFrac’s executive chairman. “Since the fourth quarter trough, hydraulic fracturing efficiency has surpassed the 2024 peak experienced in the third quarter, with all of our next generation equipment deployed, and pricing having stabilized. We continue to enhance the quality of our active equipment by leveraging our in-house manufacturing capabilities and asset management platform, a new initiative for us, as we return fleets to service.”