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ProFrac Holding Corp. reported Q3 2025 results with total revenue of $403 million, down from $502 million in Q2. Net loss was $92 million, compared to $107 million in Q2, while adjusted EBITDA was $41 million, down from $79 million. The company believes the US onshore completions market is well-positioned for recovery when commodity prices strengthen. ProFrac expects Q4 activity levels to improve from Q3, with pricing expected to be lower on average. The company has identified $85-$115 million of annualized cash savings by Q2 2026 through dedicated fleets, operational efficiency, and structural cost savings.

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