ProFrac Holding Corp. (ACDC) Tops Q3 EPS by 39c
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ProFrac Holding Corp. Reports 2022 Third Quarter Financial and Operational Results
November 10, 2022 4:30 PM ESTWILLOW PARK, Texas, Nov. 10, 2022 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ: ACDC) ("ProFrac", "ACDC," or the "Company") today announced financial and operational results for its third quarter ended September 30, 2022.
Third Quarter 2022 Results and Recent Highlights
Total revenue grew approximately 18% sequentially to $696.7 million over 2022 second quarter revenue, Â Net income rose approximately 105% sequentially to $143.4 millionAdjusted EBITDA(1) excluding Flotek increased approximately 23% sequentially to $267.2 millionAnnualized Adjusted EBITDA per fleet(2) excluding Flotek was $34.5 million on 31 average active fleets during the... More