ProFrac Q4 revenue rises but net loss widens

ProFrac Holding

12/03/2026 09:30

Overview

U.S. hydraulic fracturing firm's Q4 revenue rose sequentially

Adjusted EBITDA for Q4 increased 49% from Q3, driven by higher activity and cost controls

Company's net loss widened due to impairment costs pushing up operating expenses

Outlook

ProFrac expects Stimulation Services segment's Q1 2026 results to be softer due to weather-related disruptions in January

Company estimates January weather disruptions will impact Q1 2026 Adjusted EBITDA by $8 mln-$12 mln

ProFrac expects 2026 capital expenditures to be $155 mln-$185 mln including Flotek

Result Drivers

HIGHER ACTIVITY LEVELS - Co said Q4 results were helped by better than anticipated activity in Stimulation Services and Proppant Production

IMPAIRMENT COSTS - Co reported $52.6 mln cost due to impairment of long-lived assets and goodwill, which pushed up total operating expenses to $541.5 mln

COST SAVINGS PLAN - Co said labor-related savings have been fully implemented and non-labor operating expense reductions are progressing

Company press release: ID:nBw6fSZRva

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$436.50 mln
$414.42 mln (2 Analysts)
Q4 Net Income
-$140.50 mln
Q4 Operating Income
-$105 mln
Q4 Pretax Profit
-$137.90 mln


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 $4.00, about 31.7% below its March 11 closing price of $5.86

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.)