Wilks Farris buys ProFrac holding (ACDC) shares worth $10m

Farris Wilks, a ten percent owner of ProFrac Holding Corp (NASDAQ:ACDC), has purchased 2,500,000 shares of the company’s Class A common stock on August 14, 2025, at a price of $4.0, in one transaction, according to a Form 4 filing with the Securities and Exchange Commission.

The total value of the purchase amounted to $10,000,000. Following the transaction, Wilks directly owns 3,665,132 shares of ProFrac Holding Corp, representing a significant stake in the company, which currently has a market capitalization of $634 million. Analyst price targets range from $5 to $8, suggesting potential upside from current levels. InvestingPro offers additional insights with 8 more key tips about ACDC’s financial health and market position in its comprehensive Pro Research Report.

In other recent news, ProFrac Holding Corp reported its Q2 2025 earnings, showing a decline in revenue and a larger loss per share than anticipated. The company recorded revenues of $520 million, a decrease from $600 million in the prior quarter, with earnings per share reported at -$0.26, which fell short of the projected -$0.2311. Additionally, ProFrac announced the pricing of its public offering of 18,750,000 shares of Class A common stock at $4.00 per share, aiming to raise approximately $75 million in gross proceeds. The company has also provided underwriters with a 30-day option to purchase an additional $11.25 million of its Class A common stock. In a strategic move, ProFrac has partnered with Seismos to introduce Closed Loop Fracturing technology in major U.S. oil and gas basins. This partnership integrates ProFrac’s surface automation with Seismos’ subsurface monitoring for real-time data during hydraulic fracturing. These developments highlight ProFrac’s ongoing efforts to navigate the current market environment.

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