ProFrac Holding Corp. reported full year 2024 revenue of $2.19 billion, a decrease from $2.63 billion in 2023, with a net loss of $208 million compared to a $59 million loss in 2023. Fourth quarter 2024 revenue was $455 million, down from $575 million in the third quarter, and Adjusted EBITDA was $71 million, reflecting seasonal budget exhaustion and pricing pressure.
For the full year 2024, Adjusted EBITDA was $501 million, and free cash flow was $185 million. Total capital expenditures for 2024 were $255 million, at the low end of guidance. The company's total debt outstanding as of December 31, 2024, was $1.11 billion, with $81 million in total liquidity.
ProFrac announced the launch of Livewire Power, LLC in the fourth quarter of 2024, a strategic venture focused on flexible and efficient power generation solutions for remote locations, driven by electric frac technology demand. The company expects a sizable improvement in revenues and profitability in the first quarter 2025 for Stimulation Services and material improvement in Proppant Production volumes in 2025.
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