ProFrac Holding Corp. (NASDAQ: ACDC) shares tumbled 6.76% in pre-market trading on Monday following the release of its disappointing third-quarter 2025 financial results. The oilfield services company reported revenue that fell short of analyst expectations and posted a wider-than-anticipated net loss, reflecting ongoing challenges in the energy sector.
ProFrac announced quarterly revenue of $403.1 million, missing the analyst consensus estimate of $460.035 million by 12.38%. This represents a significant 29.93% decrease compared to sales of $575.3 million in the same period last year. The company also reported a net loss of $92.4 million for the quarter, which was larger than expected and highlighted the difficult operating environment.
Matt Wilks, ProFrac's Executive Chairman, acknowledged the challenging market conditions, stating, "Our third quarter results reflected continued challenging market conditions, with improvement mid-period giving way to an unexpected decline in conditions toward quarter-end." However, he noted that activity levels have improved since the start of the fourth quarter, offering a glimmer of hope for the company's near-term outlook.
In response to the current market dynamics, ProFrac announced plans to implement cost-saving measures. The company aims to achieve $85 to $115 million in annualized cash savings by mid-2026 through operational efficiency improvements and asset optimization. These initiatives are expected to help ProFrac navigate the ongoing industry headwinds and improve its financial position.
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