Revenue and EBITDA Performance
For the full year 2024, ProFrac achieved revenue of $2.19 billion and adjusted EBITDA of $501 million, despite competitive pressures in the North American oilfield services market.
Introduction of Livewire Power
ProFrac launched a new business venture, Livewire Power, which began operations in the fourth quarter. This venture focuses on distributed power generation to meet the growing demand for power in remote locations.
Improvement in Stimulation Business
ProFrac reported a significant improvement in activity in the Stimulation business, achieving new record efficiencies in January, despite adding incremental fleets and facing challenging weather conditions.
Free Cash Flow Generation
ProFrac generated $54 million of free cash flow in Q4 and $185 million in total for 2024, focusing on maximizing liquidity and effectively managing debt service and working capital.