Overview

* ProFrac ( ACDC ) Q2 revenue falls to $502 mln, missing analyst expectations

* Net loss widens to $104 mln in Q2 from $15 mln in Q1

* Free cash flow improves to $54 mln, driven by operational efficiency

Outlook

* ProFrac ( ACDC ) expects Q3 Stimulation Services results to decrease from Q2

* Company anticipates relatively flat Proppant Production volumes in Q3

* ProFrac ( ACDC ) aims for Q3 Proppant Production profitability similar to Q2

* Company sees capital efficiency through asset management approach

Result Drivers

* COMMODITY PRICE DECLINE - ProFrac ( ACDC ) attributes revenue drop to sharp commodity price decline in early April

* OPERATIONAL INITIATIVES - Asset management program driving capital efficiency gains, per ProFrac ( ACDC )

* AUTOMATION SYSTEM - Deployment of ProPilot automation system across active fleets enhancing operational efficiency

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $501.90 $512.70

Revenue mln mln (2

Analysts

)

Q2 Net -$103.50

Income mln

Q2 -$54.30

Operatin mln

g Income

Q2 -$99.10

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 $7.25, about 13.5% above its August 6 closing price of $6.27

Press Release:

(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.)