ProFrac Holding (ACDC) Issues 2024 Operational and Strategic Priorities

February 12, 2024 9:30 AM EST

ProFrac Holding Corp. (NASDAQ: ACDC) ("ProFrac", or the "Company") today announces its 2024 operational and strategic priorities. These priorities are the natural next steps following the Company's efforts in the second half of 2023 to drive an increase in fleet count by pursuing dedicated contracts with operators and to unlock the potential of the proppant production segment through higher contracted volumes and a reduction in mining costs per ton.

Matt Wilks, Executive Chairman, said, "Ladd and I are excited to personally have a higher focus and direct involvement with our operations, and look forward to working with Jeremy Spriggs, who will now lead our operations functions on an interim basis. These changes are reinforcing our commitment to our goals and larger strategic vision, which will emphasize three critical components of our business: higher utilization, an incredible customer experience, and the industry's lowest per unit costs."

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