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

ProFrac (NASDAQ:ACDC - Get Free Report) announced its quarterly earnings results on Thursday. The company reported ($0.47) earnings per share for the quarter, missing analysts' consensus estimates of ($0.37) by ($0.10), FiscalAI reports. ProFrac had a negative net margin of 18.97% and a negative return on equity of 33.18%. The company had revenue of $449.60 million during the quarter, compared to analysts' expectations of $426.39 million.

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 Trading Up 1.2%

Shares of ACDC stock opened at $6.66 on Friday. The company has a market capitalization of $1.20 billion, a P/E ratio of -3.03 and a beta of 1.51. The company has a current ratio of 0.81, a quick ratio of 0.56 and a debt-to-equity ratio of 1.08. The business's 50 day moving average is $6.26 and its two-hundred day moving average is $5.08. ProFrac has a twelve month low of $3.08 and a twelve month high of $10.70.

Key Headlines Impacting ProFrac

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

Institutional Investors Weigh In On ProFrac

Large investors have recently modified their holdings of the stock. UBS Group AG grew its position in ProFrac by 1,862.8% in the 3rd quarter. UBS Group AG now owns 705,568 shares of the company's stock valued at $2,611,000 after buying an additional 669,621 shares during the last quarter. AQR Capital Management LLC increased its stake in ProFrac by 61.7% in the 4th quarter. AQR Capital Management LLC now owns 1,638,822 shares of the company's stock valued at $6,375,000 after buying an additional 625,596 shares during the period. Hotchkis & Wiley Capital Management LLC raised its position in ProFrac by 27.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,484,760 shares of the company's stock worth $5,494,000 after buying an additional 322,860 shares during the last quarter. HRT Financial LP raised its position in ProFrac by 409.5% during the 4th quarter. HRT Financial LP now owns 382,837 shares of the company's stock worth $1,489,000 after buying an additional 307,696 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in shares of ProFrac by 293.4% in the 3rd quarter. Millennium Management LLC now owns 317,446 shares of the company's stock worth $1,175,000 after acquiring an additional 236,756 shares during the period. Hedge funds and other institutional investors own 12.75% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ACDC. Wall Street Zen lowered ProFrac from a "hold" rating to a "sell" rating in a report on Saturday. UBS Group reissued a "positive" rating on shares of ProFrac in a research report on Thursday, March 12th. Zacks Research raised ProFrac from a "strong sell" rating to a "hold" rating in a research report on Wednesday, January 21st. Weiss Ratings restated a "sell (d-)" rating on shares of ProFrac in a research note on Friday, March 27th. Finally, Morgan Stanley lifted their price target on ProFrac from $5.00 to $6.00 and gave the stock an "underweight" rating in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and an average price target of $5.83.

About ProFrac

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.