ProFrac Holding Corp. (ACDC) Tops Q3 EPS by 39c

ProFrac Holding Corp. (NASDAQ: ACDC) reported Q3 EPS of $1.09, $0.39 better than the analyst estimate of $0.70. Revenue for the quarter came in at $696.7 million versus the consensus estimate of $643 million.

Outlook:

The Company fully deployed its first electric fleet during the fourth quarter and added 7 active fleets from the USWS acquisition. The Company expects to finish the year with approximately 39 active fleets, with additional fleets under construction expected to be activated in early 2023.

Adjusted EBITDA per fleet is likely to fluctuate while we work to improve profitability on the newly acquired fleets, however the Company expects improvement in revenue for the fourth quarter as compared to the third quarter, driven by the USWS acquisition.

For earnings history and earnings-related data on ProFrac Holding Corp. (ACDC) click here.

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