ProFrac Q1 revenue rises sequentially, net loss narrows

ProFrac Holding

07/05/2026 10:24

Overview

U.S. energy services firm's Q1 revenue rose sequentially but fell short of year-ago levels

Company posted Q1 net loss of $81 mln, narrower than prior quarter's loss

Q1 results impacted by weather disruptions; operator activity improved late in quarter

Outlook

ProFrac expects Q2 Stimulation Services results to be stronger than Q1 performance

Company expects sequentially lower Proppant Production volumes in Q2 2026 due to operational issues

ProFrac maintains full-year 2026 capital expenditure guidance of $155 mln to $185 mln

Result Drivers

WEATHER DISRUPTIONS - Co said early Q1 weather disruptions reduced Adjusted EBITDA by about $9 mln

IMPROVED OPERATOR ACTIVITY - Market dynamics shifted in late February-early March, with improving operator sentiment and accelerating activity levels

OPERATIONAL EFFICIENCY - Stimulation Services team delivered record efficiency levels in March, supporting momentum exiting the quarter

Company press release: ID:nBw508MYTa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Miss*
$449.60 mln
$450.14 mln (2 Analysts)
Q1 Net Income
-$80.80 mln
Q1 Operating Income
-$46.40 mln
Q1 Pretax Profit
-$79.20 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the oil related services and equipment peer group is "buy."

Wall Street's median 12-month price target for ProFrac Holding Corp is $5.00, about 29.9% below its May 6 closing price of $7.13

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)