ACDC ProFrac Holding Corp.
Price Chart
Executive Summary
ProFrac reported Q1 2026 revenue of $449.6M (down 25.1% YoY from $600.3M) and a net loss of $80.8M (vs $15.4M loss in Q1 2025). Adjusted EBITDA plunged to $54M from $129.5M, and free cash flow turned negative at -$25.2M. The results reflect ongoing weakness in stimulation services and weather disruptions, though management cited sequential improvement and exiting the quarter with momentum.
Key Financial Metrics
Actionable Insight
The severe YoY deterioration suggests continued headwinds in oilfield services. Monitor Q2 2026 results for guidance on activity recovery; management expects stronger performance sequentially but proppant volumes to be lower. The elevated net debt ($1.05B) and negative FCF raise liquidity concerns.
Key Facts
- Revenue $449.6M, down 25.1% YoY from $600.3M
- Net loss $80.8M vs $15.4M loss in Q1 2025
- Adjusted EBITDA $54M vs $129.5M YoY
- Free cash flow negative $25.2M vs positive $14M in Q4 2025
- Net debt $1.05 billion, up from $1.03 billion at year-end 2025
- Maintained 2026 capex guidance of $155M-$185M
- Stimulation Services revenue $407M (8% Adj. EBITDA margin), down from $524.5M YoY
Financial Impact
Revenue decline of $150.7M YoY, EBITDA decline of $75.5M
Risk Factors
- Sustained low oilfield activity levels
- High debt load and negative free cash flow
- Weather disruptions and operational challenges in proppant
- Potential pricing pressure in stimulation services
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-056589 |
| Document: tm2613859d1_8k.htm | 0001104659-26-056589 |
| Document: 0001104659-26-056589-index-headers.html | 0001104659-26-056589 |
| Document: 0001104659-26-056589-index.html | 0001104659-26-056589 |
| Document: 0001104659-26-056589.txt | 0001104659-26-056589 |
| 8-K Data (Synthetic) | 0001104659-26-056589 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 7, 2026
4w ago
|
8-K
| $6.58 $7.32 | ▼ −11.25% | ▼ −8.11% | $7.24 (−10.03%) |
|
Apr 13, 2026
8w ago
|
8-K
| $5.85 $6.78 | ▲ +15.90% | ▲ +9.60% | $7.24 (+23.76%) |
US Market Status
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