--- title: "ProFrac | 8-K: FY2026 Q2 Revenue Misses Estimate at USD 498.1 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/295088447.md" datetime: "2026-08-06T10:08:34.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295088447.md) - [en](https://longbridge.com/en/news/295088447.md) - [zh-HK](https://longbridge.com/zh-HK/news/295088447.md) generator: "portal-rs" --- # ProFrac | 8-K: FY2026 Q2 Revenue Misses Estimate at USD 498.1 M Revenue: As of FY2026 Q2, the actual value is USD 498.1 M, missing the estimate of USD 498.76 M. EBIT: As of FY2026 Q2, the actual value is USD -37.9 M. ### Second Quarter 2026 Financial Highlights - **Net Loss**: ProFrac Holding Corp. reported a net loss of - $75 million for the second quarter of 2026, an improvement from - $81 million in the first quarter of 2026. - **Adjusted EBITDA**: Adjusted EBITDA increased to $69 million (14% of revenue) in the second quarter, up from $54 million (12% of revenue) in the first quarter. - **Net Cash Provided by Operating Activities**: Net cash provided by operating activities was $23 million in the second quarter, compared to $9 million in the first quarter. For the six months ended June 30, 2026, net cash provided by operating activities was $32.2 million, a decrease from $135.4 million for the same period in 2025. - **Capital Expenditures**: Capital expenditures totaled $32 million in the second quarter, down from $41 million in the first quarter. - **Free Cash Flow**: Free cash flow was - $8 million in the second quarter, an improvement from - $25 million in the first quarter. For the six months ended June 30, 2026, free cash flow was - $33.1 million, compared to $40.8 million for the same period in 2025. - **Operating Loss**: The operating loss for the second quarter of 2026 was - $37.9 million, compared to an operating loss of - $46.4 million in the first quarter of 2026 and - $58.0 million in the second quarter of 2025. For the six months ended June 30, 2026, the operating loss was - $84.3 million, compared to - $42.0 million for the same period in 2025. ### Segment Performance (Second Quarter 2026) - **Stimulation Services**: Generated revenues of $430 million, with Adjusted EBITDA of $39 million, resulting in a 9% margin. - **Proppant Production**: Generated revenues of $121 million, with Adjusted EBITDA of $6 million, resulting in a 5% margin, with approximately 87% of this segment’s revenue being intercompany. - **Manufacturing**: Generated revenues of $48 million, with Adjusted EBITDA of $6 million, resulting in a 13% margin, with approximately 82% of this segment’s revenue being intercompany. - **Flotek Industries, Inc.**: Generated revenues of $102 million, with Adjusted EBITDA of $19 million, resulting in a 19% margin, with approximately 58% of Flotek’s revenue being intercompany. - **Other Business Activities**: Generated revenues of $3.6 million, with Adjusted EBITDA of $0.4 million, resulting in an 11% margin. ### Capital Expenditures - Cash capital expenditures for the second quarter were $32 million, down from $41 million in the first quarter of 2026. - ProFrac Holding Corp. maintains its full-year 2026 capital expenditure expectation in the range of $155 million to $185 million, or $145 million to $175 million excluding Flotek. ### Balance Sheet and Liquidity (as of June 30, 2026) - **Total Principal Debt Outstanding**: Approximately $1.10 billion. - **Net Debt Outstanding**: Approximately $1.08 billion. - **Total Cash and Cash Equivalents**: Approximately $19 million, of which about $5 million was related to Flotek and not accessible by the company. - **Total Liquidity**: Approximately $72 million, including $14 million of cash and cash equivalents (excluding Flotek) and $58 million of availability under its asset-based credit facility. - **Refinancing**: Subsequent to quarter-end, on July 1, 2026, ProFrac Holding Corp. refinanced its existing $275 million asset-based revolving credit facility with a new $300 million facility, providing $71 million in remaining availability as of that date. ### Outlook For the third quarter of 2026, ProFrac Holding Corp. expects improved results in Stimulation Services due to pricing increases and steady utilization, while the Proppant Production segment is anticipated to have approximately flat results on stable volumes despite competitive pricing pressure. The company remains focused on cost optimization, continued investment in differentiated technology, and fleet upgrades to capitalize on industry momentum and demand for high-specification equipment. ### Related Stocks - [ACDC.US](https://longbridge.com/en/quote/ACDC.US.md) ## Related News & Research - [Major Investors Make Bold Move on ProFrac Holding](https://longbridge.com/en/news/297111045.md) - [ProFrac 10% owner Dan Wilks buys USD 2.88 million of common shares](https://longbridge.com/en/news/297097123.md) - [What To Expect From ProFrac’s (ACDC) Q2 Earnings](https://longbridge.com/en/news/294903920.md) - [ProFrac CEO Matthew Wilks reports purchase of 80,000 common shares worth $402,127](https://longbridge.com/en/news/295714988.md) - [ProFrac Holding Corp. $ACDC Shares Bought by Dimensional Fund Advisors LP](https://longbridge.com/en/news/295896303.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**