ProFrac Holding Corp.

General Information

We are a growth-oriented, vertically integrated and innovation-driven energy services company providing hydraulic fracturing, completion services and other complementary products and services to leading upstream oil and gas companies engaged in the exploration and production (“E&P”) of North American unconventional oil and natural gas resources. Founded in 2016, ProFrac was built to be the go-to service provider for E&P companies’ most demanding hydraulic fracturing needs. We are focused on employing new technologies to significantly reduce “greenhouse gas” (“GHG”) emissions and increase efficiency in what has historically been an emissions-intensive component of the unconventional E&P development process. We believe the technical and operational capabilities of our fleets ideally position us to capture increased demand resulting from the market recovery and our customers’ shifting preferences favoring the sustainable development of natural resources.

Our operations are primarily focused in the West Texas, East Texas/Louisiana, South Texas, Oklahoma, Uinta and Appalachian regions, where we have cultivated deep and longstanding customer relationships with some of those regions’ most active E&P companies. We operate in three business segments: stimulation services, manufacturing and proppant production. We believe we are the largest privately owned, and second largest overall, provider of hydraulic fracturing services in North America by hydraulic horsepower (“HHP”), with aggregate installed capacity of over 1.7 million HHP across 34 conventional fleets, of which, as of March 31, 2022, 31 were active, reflecting a net installed capacity of approximately 1.5 million HHP across our active fleets. We believe a greater percentage of our conventional fleets prior to the FTSI Acquisition incorporated lower-emission Tier IV diesel engines relative to our peers, making them among the most emissions-friendly and capable in the industry. Further, we believe that because of those fleets’ capabilities and reliability, and our relentless focus on efficient and environmentally-sound energy service solutions, our high-quality customer base views us as an integral partner in their efforts to improve their environmental, social and governance (“ESG”) profiles without sacrificing service quality.

(Note: The S-1 was filed on Nov. 22, 2021.)


Industry: Energy Services - Hydraulic fracturing - FRACKING
Employees: 2522
Founded: 2016
Contact Information
Address 333 Shops Boulevard, Suite 301 Willow Park, Texas 76087
Phone Number (254) 776-3722
Web Address
View Prospectus: ProFrac Holding Corp.
Financial Information
Market Cap $3155.18mil
Revenues $768.35 mil (last 12 months)
Net Income $-43.54 mil (last 12 months)
IPO Profile
Symbol PFHC
Exchange NASDAQ
Shares (millions): 16.0
Price range $18.00 - $18.00
Est. $ Volume $288.0 mil
Manager / Joint Managers J.P. Morgan/ Piper Sandler/ Morgan Stanley
CO-Managers BofA Securities/ Capital One Securities/ Johnson Rice & Company / Seaport Global Securities/ Stifel
Expected To Trade: 5/13/2022
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
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