ProFrac Holding Corp.

ProFrac Holding Corp. announced it has secured a new $300.0 million senior secured asset-based revolving credit facility with Eclipse Business Capital LLC, maturing on July 1, 2030. This new facility refinances and replaces the company's previous $275.0 million credit facility. Additionally, ProFrac amended its Senior Secured Floating Rate Notes due 2029 indenture to increase the permitted indebtedness under credit facilities from $275.0 million to $325.0 million, enhancing its financial flexibility and liquidity.

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.

ProFrac Holding Corp. reported Q1 2026 results, with total revenue increasing to $450 million and net loss narrowing to $81 million, exceeding expectations despite early weather disruptions. Adjusted EBITDA was $54 million, down from $61 million in the prior quarter. The company noted improving market dynamics and accelerating activity levels since late February, with record efficiency in its Stimulation Services. ProFrac is making strong progress on its business optimization program, achieving the majority of its $100 million annualized savings target. The outlook for Q2 2026 anticipates stronger Stimulation Services performance due to increased activity, though Proppant Production volumes are expected to be sequentially lower due to operational issues.

ProFrac Holding Corp. (ACDC) announced its 2026 Annual Meeting of Stockholders will be held virtually on May 27, 2026. Stockholders of record as of March 30, 2026, are invited to vote on the election of six directors, a non-binding advisory resolution on executive compensation, and the ratification of Grant Thornton LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026. Proxy materials were distributed on or about April 27, 2026.

ProFrac Holding Corp.'s Compensation Committee granted performance-based restricted stock unit (PSU) awards to several executive officers on April 7, 2026. These awards include 287,500 PSUs each for Executive Chairman Matthew D. Wilks and CEO Johnathan L. Wilks, 270,000 PSUs for CFO Austin Harbour, and 150,000 PSUs for CCO Matthew Greenwood. The 2026 PSU Awards are subject to both time-based vesting and stock price performance targets, aligning executive incentives with company performance.

ProFrac Holding Corp.'s Compensation Committee granted a total of 995,000 performance-based restricted stock units (PSUs) to four executive officers on April 7, 2026. These awards are designed to align management incentives with shareholder value creation. The PSUs are subject to both time-based vesting, requiring one year of continuous employment, and stock price performance targets. A portion of the PSUs will vest if the company's Class A common stock achieves volume-weighted average prices of $7.00 and $10.00 over a 30-day trading period.