Strong Operational Performance in Asset Management
The strategic deployment of 6 fleets under the asset management program delivered the most efficient operational quarter on record in Q1 in terms of fleet efficiency and total maintenance costs.
ProPilot 2.0 Technology Advancements
The launch of ProPilot 2.0 introduced new functionalities like horsepower optimization and one-click fully automated stage completions, improving frac operations and driving productivity.
Successful Strategic Partnership with Flotek
The partnership with Flotek Industries transformed assets into a scalable third-party business model, providing ProFrac with over 60% equity ownership and exposure to a $3 billion to $6 billion global market.
Robust Free Cash Flow Generation
ProFrac generated $54 million in free cash flow in Q2, compared to negative $14 million in Q1, despite challenging market conditions.
Liquidity and Financial Flexibility Enhanced
ProFrac enhanced liquidity with $90 million in incremental liquidity expected through 2025 and improved financial flexibility by amending the Alpine term loan agreement.