ProFrac owns a vertically integrated fracturing platform with pressure pumping, proppant, manufacturing, and Flotek chemistry exposure. The hook is a technology-enabled fleet and cost plan; the problem is negative recent free cash flow, more than $1 billion of net debt, and a cycle that can overwhelm internal execution.
References
Sources used in this report
SEC submissionsSEC submissions JSON for CIK 00018814872026-05-13 · Issuer identity, ticker, exchange, and filing inventory.SEC XBRL companyfactsSEC companyfacts for CIK 00018814872026-05-13 · Standardized financial fact context for revenue, income statement, cash flow, balance sheet, debt, assets, liabilities, and equity.Annual reportFY2025 Form 10-K2026-03-13 · Business description, fleet technology, risks, customers, competition, debt, liquidity, and annual financials.Quarterly reportQ1 2026 Form 10-Q2026-05-08 · Q1 balance sheet, cash flow, current assets, current liabilities, debt, liquidity, and Flotek cash-access disclosure.Earnings releaseQ1 2026 earnings release, Exhibit 99.12026-05-07 · Q1 revenue, net loss, adjusted EBITDA, segment dashboard, free cash flow, capex, net debt, liquidity, and outlook.Earnings releaseFY2025 earnings release, Exhibit 99.12026-03-12 · FY2025 revenue, net loss, adjusted EBITDA, operating cash flow, free cash flow, segment performance, cost plan, net debt, and capex outlook.Proxy statement2026 definitive proxy statement2026-04-27 · Board, CEO and Executive Chairman roles, controlled-company status, Wilks-party ownership, committees, and incentive context.Peer annual reportLiberty Energy Inc. FY2025 Form 10-K2026-02-02 · Competitive context for pressure pumping, hydraulic fracturing, bid-based awards, and competitive factors.