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ProFrac Holding Corp. Reports Full Year and Fourth Quarter 2024 Results

1. ProFrac Holdings reported significant revenue and net loss declines in 2024. 2. Adjusted EBITDA decreased, indicating potential operational challenges ahead.

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FAQ

Why Very Bearish?

The decline in revenue and increased net loss suggest weakening demand and operational efficiency, reminiscent of historical downturns in energy sectors leading to share price drops.

How important is it?

The article reveals critical financial performance issues that may drastically affect investor confidence and stock valuation.

Why Short Term?

Immediate market reactions to poor earnings reports typically impact stock prices quickly, as seen with similar companies post-announcement.

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HALSLBBKR
WILLOW PARK, Texas--(BUSINESS WIRE)--ProFrac Holding Corp. (NASDAQ: ACDC) (“ProFrac”, or the “Company”) today announced financial and operational results for its 2024 full year and fourth quarter ended December 31, 2024. Full Year 2024 Results Total revenue was $2.19 billion compared to revenue of $2.63 billion in 2023 Net loss was $208 million compared to net loss of $59 million in 2023 Adjusted EBITDA(1) was $501 million compared to $688 million in 2023; 23% of revenue in 2024 compared to 26%.

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