Quarterly ResultMay 8, 2026, 04:12 PM
ProFrac Q1 Revenue Falls 25% to $449.6M; Net Loss Widens to $80.8M
AI Summary
ProFrac Holding Corp. reported a significant decline in its first-quarter 2026 financial results, with total revenues falling 25.1% to $449.6 million and net loss widening substantially to $(80.8) million. The company's operating income swung to a loss, and cash flow from operations decreased. Additionally, ProFrac issued $25.0 million in new senior notes and amended its ABL Credit Facility, which included a reduction in maximum availability.
Key Highlights
- Q1 2026 Total Revenues were $449.6M, a 25.1% decrease from $600.3M in Q1 2025.
- Q1 2026 Net Loss widened to $(80.8)M, compared to $(15.4)M in Q1 2025.
- Loss per Class A common share for Q1 2026 was $(0.47), versus $(0.12) in Q1 2025.
- Operating income swung to a loss of $(46.4)M in Q1 2026 from a $16.0M profit in Q1 2025.
- Net cash provided by operating activities decreased to $9.3M from $38.7M in Q1 2025.
- ProFrac issued an additional $25.0M aggregate principal amount of 2029 Senior Notes in January 2026.
- The 2022 ABL Credit Facility was amended, reducing maximum availability to $275.0M.
Price Impact
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