ProFrac (NASDAQ:ACDC) Releases Quarterly Earnings Results, Misses Expectations By $0.10 EPS

ProFrac (NASDAQ:ACDC) released its quarterly earnings data on Thursday. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.10), FiscalAI reports. The company had revenue of $449.60 million during the quarter, compared to the consensus estimate of $426.39 million. ProFrac had a negative net margin of 18.97% and a negative return on equity of 33.18%.

Here are the key takeaways from ProFrac’s conference call:

• Q1 results beat expectations — revenues were $450 million with adjusted EBITDA of $54 million (11.9% margin) despite ~ $9M of weather-related EBITDA headwinds, and management expects Q2 to trend higher sequentially.
• Pricing and calendar tightening — geopolitical-driven market tightening led to material price increases secured for the majority of active fleets (phased into Q2 and the back half of 2026), with disciplined fleet deployment tied to contract duration.
• Cost-savings progress — the Business Optimization Program has realized the majority of the $100M annualized target (labor savings at/above midpoint of $35M–$45M; CapEx efficiencies at the high end of $20M–$30M), with further non-labor and R&M savings expected to ramp through the year.
• Proppant production weakness — operational issues and lower throughput reduced proppant segment adjusted EBITDA to $7M in Q1 (from $16M in Q4), and management expects volumes to be down into Q2 while mines and uptime are optimized.
• Machina platform upside — commercial testing is encouraging for the closed-loop well optimization suite (claims up to ~33% perforation performance gains) and management believes it could unlock previously uneconomic/stranded acreage, though commercial pricing is still in discovery.

ProFrac Price Performance

ACDC opened at $6.66 on Friday. The firm’s fifty day moving average price is $6.26 and its two-hundred day moving average price is $5.08. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.81 and a quick ratio of 0.56. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of -3.03 and a beta of 1.51. ProFrac has a 1 year low of $3.08 and a 1 year high of $10.70.

More ProFrac News

Here are the key news stories impacting ProFrac this week:

• Positive Sentiment: First-quarter revenue came in at about $450 million, topping Wall Street expectations and indicating solid demand for ProFrac’s services. ProFrac Holding Corp. Reports First Quarter 2026 Results
• Positive Sentiment: The company said net loss improved to $81 million from $141 million in the fourth quarter, suggesting some progress on cost control and operations. ProFrac Holding Corp. Reports First Quarter 2026 Results
• Neutral Sentiment: Management’s earnings-call commentary emphasized an efficiency push, which may help margins over time but is not an immediate earnings catalyst. ProFrac Holding Corp. (ACDC) Q1 2026 Earnings Call Transcript
• Negative Sentiment: Adjusted earnings remained below analyst expectations, with EPS losses wider than expected, reinforcing that profitability remains a challenge. ProFrac Holding Corp. (ACDC) Reports Q1 Loss, Beats Revenue Estimates
• Negative Sentiment: Brokerage sentiment remains cautious, with a consensus recommendation of “Reduce,” which could limit enthusiasm for the stock. ProFrac Holding Corp. (NASDAQ:ACDC) Receives Consensus Recommendation of “Reduce” from Brokerages

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ACDC. Weiss Ratings reiterated a “sell (d-)” rating on shares of ProFrac in a research note on Friday, March 27th. UBS Group reiterated a “positive” rating on shares of ProFrac in a research note on Thursday, March 12th. Zacks Research upgraded shares of ProFrac from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 21st. Morgan Stanley lifted their price objective on shares of ProFrac from $5.00 to $6.00 and gave the company an “underweight” rating in a research note on Wednesday, April 15th. Finally, Wall Street Zen lowered shares of ProFrac from a “hold” rating to a “sell” rating in a research note on Saturday. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, ProFrac presently has an average rating of “Reduce” and an average target price of $5.83.

Institutional Investors Weigh In On ProFrac

Hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its position in shares of ProFrac by 7,241.7% during the second quarter. EverSource Wealth Advisors LLC now owns 3,524 shares of the company’s stock valued at $27,000 after buying an additional 3,476 shares during the period. Raymond James Financial Inc. bought a new stake in shares of ProFrac during the second quarter valued at about $29,000. BNP Paribas Financial Markets increased its position in shares of ProFrac by 389.4% during the second quarter. BNP Paribas Financial Markets now owns 6,122 shares of the company’s stock valued at $48,000 after buying an additional 4,871 shares during the period. Tower Research Capital LLC TRC increased its position in shares of ProFrac by 822.3% during the second quarter. Tower Research Capital LLC TRC now owns 11,234 shares of the company’s stock valued at $87,000 after buying an additional 10,016 shares during the period. Finally, Price T Rowe Associates Inc. MD bought a new stake in shares of ProFrac during the fourth quarter valued at about $46,000. 12.75% of the stock is currently owned by institutional investors.

ProFrac Company Profile

ProFrac Holding Corp. operates as a technology-focused energy services holding company in the United States. It operates through three segments: Stimulation Services, Manufacturing, and Proppant Production. The company offers hydraulic fracturing, well stimulation, in-basin frac sand, and other completion services and complementary products and services to upstream oil and natural gas companies engaged in the exploration and production of unconventional oil and natural gas resources. It also manufactures and sells high horsepower pumps, valves, piping, swivels, large-bore manifold systems, and fluid ends.