Revenue: As of FY2026 Q1, the actual value is USD 449.6 M, beating the estimate of USD 430.09 M.EBIT: As of FY2026 Q1, the actual value is USD -46.4 M.<h4>First Quarter 2026 Financial Highlights</h4><ul><li>Net Loss: ProFrac Holding Corp. reported a net loss of - $80.8 million for the first quarter of 2026, an improvement compared to a net loss of - $140.5 million in the fourth quarter of 2025 and a net loss of - $15.4 million in the first quarter of 2025.</li><li>Adjusted EBITDA: Adjusted EBITDA was $54.0 million in the first quarter of 2026, down from $61.1 million in the fourth quarter of 2025. Adjusted EBITDA represented 12% of revenue in Q1 2026, compared to 14% in Q4 2025.</li><li>Operating Income (Loss): The company’s operating loss was - $46.4 million in the first quarter of 2026, an improvement from an operating loss of - $105.0 million in the fourth quarter of 2025, but a decline from an operating income of $16.0 million in the first quarter of 2025.</li><li>Operating Costs and Expenses: Total operating costs and expenses were $496.0 million in the first quarter of 2026, decreasing from $541.5 million in the fourth quarter of 2025 and $584.3 million in the first quarter of 2025. This includes cost of revenues of $354.4 million, selling, general, and administrative expenses of $43.6 million, and depreciation, depletion and amortization of $97.1 million for Q1 2026.</li></ul><h4>Cash Flow</h4><ul><li>Net Cash Provided by Operating Activities: Net cash provided by operating activities was $9.3 million in the first quarter of 2026, down from $49.5 million in the fourth quarter of 2025 and $38.7 million in the first quarter of 2025.</li><li>Free Cash Flow: Free cash flow was - $25.2 million in the first quarter of 2026, compared to $13.8 million in the fourth quarter of 2025.</li></ul><h4>Capital Expenditures</h4><ul><li>Quarterly Capital Expenditures: Capital expenditures totaled $40.7 million in the first quarter of 2026, an increase from $36.6 million in the fourth quarter of 2025.</li><li>Full Year 2026 Guidance: ProFrac Holding Corp. maintains its expectation for full-year 2026 capital expenditures to be in the range of $155 million to $185 million, including Flotek’s plan. Excluding Flotek, capital expenditures are expected to be between $145 million and $175 million for 2026.</li></ul><h4>Balance Sheet and Liquidity (as of March 31, 2026)</h4><ul><li>Total Principal Debt Outstanding: Approximately $1.09 billion.</li><li>Net Debt Outstanding: Approximately $1.05 billion.</li><li>Total Cash and Cash Equivalents: Approximately $34 million, with about $6 million related to Flotek and not accessible by the company.</li><li>Total Liquidity: Approximately $108 million, comprising about $28 million in cash and cash equivalents (excluding Flotek) and $80 million of availability under its asset-based credit facility.</li></ul><h4>Business Optimization Program</h4><ul><li>ProFrac Holding Corp. has achieved the majority of its $100 million annualized savings target on a year-over-year basis, including capital expenditure reduction in the fourth quarter of 2025.</li></ul><h4>Segment Performance (First Quarter 2026)</h4><ul><li>Stimulation Services: Generated revenues of $407.0 million with an Adjusted EBITDA of $32.0 million and a margin of 8%.</li><li>Proppant Production: Generated revenues of $119.6 million with an Adjusted EBITDA of $6.5 million and a margin of 6%. Approximately 88% of this segment’s revenue was intercompany.</li><li>Manufacturing: Generated revenues of $48.4 million with an Adjusted EBITDA of $6.8 million and a margin of 15%. Approximately 86% of this segment’s revenue was intercompany.</li><li>Flotek Industries, Inc.: Generated revenues of $72.3 million with an Adjusted EBITDA of $11.3 million and a margin of 15%. Approximately 75% of this segment’s revenue was intercompany.</li><li>Other Business Activities: Generated revenues of $2.9 million with an Adjusted EBITDA of - $0.1 million and a margin of -3%.</li></ul><h4>Outlook</h4>ProFrac Holding Corp. anticipates stronger second quarter 2026 results for Stimulation Services due to improving operator sentiment and increased activity levels, with a tightening hydraulic fracturing calendar. For Proppant Production, the company expects sequentially lower volumes in the second quarter of 2026 because of operational issues and unplanned downtime, despite an expected increase in industry completion activity.

ProFrac | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 449.6 M