Primary Vision
  • HOME
  • ABOUT US
    • ABOUT US
    • PRIMARY VISION AI INNOVATIONS
  • EFRACS
  • RESEARCH
    • INSIGHTS & ARTICLES
    • FREE ARTICLES
  • EVENTS
  • PRESS
  • SUPPORT
  • FAQ
  • LATEST NEWS
  • LOGIN
  • SIGN UP!
    • FRAC SPREAD COUNT SIGN-UP!
    • ENTERPRISE SUBSCRIPTION PLAN SIGN UP!
  • HOME
  • ABOUT US
    • ABOUT US
    • PRIMARY VISION AI INNOVATIONS
  • EFRACS
  • RESEARCH
    • INSIGHTS & ARTICLES
    • FREE ARTICLES
  • EVENTS
  • PRESS
  • SUPPORT
  • FAQ
  • LATEST NEWS
  • LOGIN
  • SIGN UP!
    • FRAC SPREAD COUNT SIGN-UP!
    • ENTERPRISE SUBSCRIPTION PLAN SIGN UP!
No Result
View All Result
Primary Vision
Home Market Trends

ProFrac Holding: Q2 TAKE THREE

Avik Chowdhury by Avik Chowdhury
August 10, 2023
in Market Trends
0

Lower frac spreads bring lower profit: Quarter-over-quarter, ProFrac Holding’s (ACDC) revenues decreased by 17.3% in Q2, while its adjusted EBITDA shrank by 26%. Lower active frac spread count and associated sales led to a revenue decline in Q2. It does not expect to reactivate new frac spreads before 2024. It also plans to lower its cost structures. The benefits of the cost reductions on the margin would reflect in Q3.

Lower capex for 2H 2023: ProFrac will lower its capex in 2H 2023 to maintain its target return thresholds on capital investments. This means it will defer its fleet upgrade program, including Tier 4 upgrades and electric fleet deployments. Read more about this in our recent article here.

Cash flow rises, and debt falls: Excluding the acquisitions, the company’s year-over-year free cash flow improved tremendously following a substantial increase in cash flow from operations. It also reduced gross debt by $85.6 million in Q2 from Q1.

Thanks for reading the ACDC take three, designed to give you three critical takeaways from ACDC’s earnings report.  Soon we will present a second update on ACDC earnings highlighting its current strategy, news, and notes we extracted from our deeper dive.

To unlock the content you need a
Premium
or Enterprise
Account!

Previous Post

KLX Energy Services: Q2 TAKE THREE

Next Post

Primary Vision Insights – Enterprise Subscribers

Related Posts

Market Sentiment Tracker: How will China’s economy behave in 2H 2025?
Market Trends

Market Sentiment Tracker: How will China’s economy behave in 2H 2025?

July 29, 2025
NOV: Q2 TAKE THREE
Market Trends

NOV: Q2 TAKE THREE

July 29, 2025
Enterprise Subscribers: Decoding FSC and FJC by Shale Basin
Market Trends

Enterprise Subscribers: Decoding FSC and FJC by Shale Basin

July 28, 2025
Liberty: Q2 TAKE THREE
Market Trends

Liberty: Q2 TAKE THREE

July 25, 2025
TechnipFMC: Q2 TAKE THREE
Market Trends

TechnipFMC: Q2 TAKE THREE

July 25, 2025
RES: Q2 TAKE THREE
Market Trends

RES: Q2 TAKE THREE

July 24, 2025
Next Post
Primary Vision Insights – Enterprise Subscribers

Primary Vision Insights – Enterprise Subscribers

Please login to join discussion

Recent News

Market Sentiment Tracker: How will China’s economy behave in 2H 2025?

Market Sentiment Tracker: How will China’s economy behave in 2H 2025?

July 29, 2025
NOV: Q2 TAKE THREE

NOV: Q2 TAKE THREE

July 29, 2025
Enterprise Subscribers: Decoding FSC and FJC by Shale Basin

Enterprise Subscribers: Decoding FSC and FJC by Shale Basin

July 28, 2025
Liberty: Q2 TAKE THREE

Liberty: Q2 TAKE THREE

July 25, 2025
TechnipFMC: Q2 TAKE THREE

TechnipFMC: Q2 TAKE THREE

July 25, 2025
Primary Vision

Established in 2011, we are renowned for our expert frac data and analytics, providing a rich array of unique indicators and industry commentary.

CONTACT

+1-713-554-4977
info@primaryvision.co

SOCIAL NETWORKS

POLICIES

Privacy Policy
Terms of Use

PARTNERS

Amazon Web Services

TRUSTED SITES

Logo

Logo

RECENT NEWS

Market Sentiment Tracker: How will China’s economy behave in 2H 2025?

Market Sentiment Tracker: How will China’s economy behave in 2H 2025?

July 29, 2025
NOV: Q2 TAKE THREE

NOV: Q2 TAKE THREE

July 29, 2025
Enterprise Subscribers: Decoding FSC and FJC by Shale Basin

Enterprise Subscribers: Decoding FSC and FJC by Shale Basin

July 28, 2025
Liberty: Q2 TAKE THREE

Liberty: Q2 TAKE THREE

July 25, 2025
TechnipFMC: Q2 TAKE THREE

TechnipFMC: Q2 TAKE THREE

July 25, 2025
  • HOME
  • ABOUT US
  • EFRACS
  • RESEARCH
  • EVENTS
  • PRESS
  • SUPPORT
  • FAQ
  • LATEST NEWS
  • LOGIN
  • SIGN UP!

© 2025 Primary Vision. All rights reserved.

  • HOME
  • ABOUT US
    • ABOUT US
    • PRIMARY VISION AI INNOVATIONS
  • EFRACS
  • RESEARCH
    • INSIGHTS & ARTICLES
    • FREE ARTICLES
  • EVENTS
  • PRESS
  • SUPPORT
  • FAQ
  • LATEST NEWS
  • LOGIN
  • SIGN UP!
    • FRAC SPREAD COUNT SIGN-UP!
    • ENTERPRISE SUBSCRIPTION PLAN SIGN UP!

© 2025 Primary Vision. All rights reserved.