ProFrac prices $75 million public offering of class A common stock

WILLOW PARK, Texas - ProFrac Holding Corp. (NASDAQ:ACDC) announced Wednesday the pricing of its previously announced underwritten public offering of 18,750,000 shares of Class A common stock at $4.00 per share, generating approximately $75 million in gross proceeds. The offering comes as the company, currently valued at $1 billion in market capitalization, trades above its InvestingPro Fair Value, with the stock showing weak performance over the past month.

The oilfield services company has granted underwriters a 30-day option to purchase up to an additional $11,250,000 of its Class A common stock. The offering is expected to close on or about August 14, 2025, subject to customary closing conditions.

ProFrac plans 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.

The offering is being made through a prospectus supplement and accompanying base prospectus, which were filed as part of an effective shelf registration statement with the Securities and Exchange Commission.

ProFrac Holding Corp. describes itself as a technology-focused, vertically integrated energy services company providing hydraulic fracturing, proppant production, and related completion services to oil and natural gas companies in North America. The company operates through three business segments: Stimulation Services, Proppant Production and Manufacturing, and Other Business Activities. With annual revenue of $2.1 billion and a gross profit margin of 29%, the company faces operational challenges reflected in its WEAK Financial Health Score according to InvestingPro analysis.

The information in this article is based on a company press release statement.

In other recent news, ProFrac Holding Corp reported its Q2 2025 earnings, showing a decline in revenue and a larger-than-expected loss per share. The company recorded revenues of $520 million, a decrease from $600 million in the previous quarter. Its earnings per share (EPS) were reported at -$0.26, missing the analyst forecast of -$0.2311. Additionally, ProFrac announced a public offering of $75 million of its Class A common stock. This offering includes a provision for underwriters to purchase an additional $11.25 million of Class A common stock within 30 days. These recent developments are part of ProFrac’s ongoing efforts to manage its financial position and market activities.

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