Overview

* ProFrac ( ACDC ) Q3 revenue of $403 mln misses analyst expectations

* Net loss for Q3 was $92 mln, an improvement from Q2's $107 mln loss

* Adjusted EBITDA for Q3 was $41 mln, down from $79 mln in Q2

Outlook

* ProFrac ( ACDC ) expects fourth-quarter activity levels to improve from third-quarter levels

* Pricing in the fourth quarter expected to be lower than third quarter

* ProFrac ( ACDC ) anticipates $85 to $115 mln annualized cash savings by mid-2026

Result Drivers

* MARKET CONDITIONS - Challenging market conditions affected Q3 results, with mid-period improvement followed by a decline

* COST SAVINGS - Co aims for $85 to $115 mln in annualized cash savings by mid-2026 through operational efficiency and asset optimization

* STIMULATION SERVICES - Revenue in Stimulation Services segment fell to $343 mln in Q3 from $432 mln in Q2, impacting overall performance

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $403.10 $460.04

Revenue mln mln (2

Analysts

)

Q3 Net -$92.40

Income mln

Q3 -$78.80

Operatin mln

g Income

Q3 -$112.60

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and 2 "sell" or "strong sell"

* The average consensus recommendation for the oil related services and equipment peer group is "buy."

* Wall Street's median 12-month price target for ProFrac Holding Corp ( ACDC ) is $4.50, about 11.8% below its November 7 closing price of $5.03

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)