ProFrac announces $75 million public offering of Class A common stock

WILLOW PARK, Texas - ProFrac Holding Corp. (NASDAQ:ACDC), currently valued at $976 million in market capitalization, announced Tuesday it has commenced an underwritten public offering of $75 million of its Class A common stock. The announcement comes as the stock has declined nearly 10% over the past week, according to InvestingPro data.

The energy services company plans to grant underwriters a 30-day option to purchase up to an additional $11.25 million of Class A common stock, according to a press release statement.

ProFrac intends to use the net proceeds to repay borrowings under its senior secured asset-based revolving credit agreement, pursue potential investment opportunities, and for working capital and general corporate purposes.

J.P. Morgan Securities LLC and Piper Sandler & Co. are serving as joint book-running managers for the offering, which remains subject to market conditions.

The Texas-based company operates through three business segments: Stimulation Services, Proppant Production, and Manufacturing, providing hydraulic fracturing, proppant production, and related completion services to upstream oil and natural gas companies in North America.

The offering will be made through a prospectus supplement and accompanying base prospectus filed as part of an effective shelf registration statement with the Securities and Exchange Commission.

The company noted that the offering’s completion cannot be guaranteed, and final size and terms may vary from those announced.

In other recent news, Profrac Holding Corp reported its earnings for the second quarter of 2025, highlighting a decline in revenue and a larger-than-anticipated loss per share. The company announced revenues of $520 million, which is a decrease from the $600 million recorded in the previous quarter. Profrac’s earnings per share (EPS) were reported at -$0.26, missing analysts’ estimates of -$0.2311. These financial results are part of a series of recent developments for the company. The market’s reaction included a slight decline in the stock price. Investors are closely monitoring these updates as they assess the company’s financial health. The earnings report is a significant indicator for stakeholders, providing insights into Profrac’s current performance.

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