Strong Revenue and EBITDA Growth
Revenue grew 32% to $600 million, while adjusted EBITDA increased 83% to $130 million compared to the previous quarter. This performance significantly exceeded consensus estimates.
Record Pumping Hours and Fleet Efficiency
ProFrac set a new record in total pumping hours and average pumping hours per fleet, attributing success to robust asset management and operational efficiency.
Successful Deployment of ProPilot Automation Software
The ProPilot automation software for hydraulic fracturing was successfully implemented, reducing human intervention and optimizing operations.
Strategic Transaction with Flotek
Completed a transaction with Flotek, enhancing growth potential and leveraging cutting-edge gas quality assurance and asset integrity solutions.
Positive Momentum in Proppant Segment
Significant volume gains in the proppant segment were achieved, with January levels 45% above December.