ACDC News & Events

The company said, "We now expect capital expenditures to be $160 to $190 million for 2025, representing a further reduction of approximately $25 million at the mid-point from our previous guidance of $175 to $225 million. This adjustment reflects our commitment to maintaining financial discipline during the current downturn while maintaining service quality and operational efficiency through our asset management platform."

Reports Q3 adjusted EBITDA $41M. "Our third quarter results reflected continued challenging market conditions, with improvement mid-period giving way to an unexpected decline in conditions toward quarter-end. Thus far in the fourth quarter, activity levels have improved from the end of the third quarter. We believe the U.S. onshore completions market is well-positioned for recovery when commodity prices strengthen, as production remains at or below maintenance levels, and as the pressure pumping market continues to tighten via natural equipment attrition," said Matt Wilks, ProFrac's executive chairman.