PFHC - ProFrac Holding reports Q2 results

• ProFrac Holding press release ( NASDAQ: PFHC ): Q2 net income excluding stock compensation expense related to a deemed contribution was $108.9M, up over 350% compared to 2022 first quarter reported net income of $24.1M.
• Revenue of $589.84M (+237.4% Y/Y) beats by $26.88M .
• Adjusted EBITDA totaled $210.6M in the second quarter, or $27.2M per fleet on an annualized basis.
• The Company's average active fleet count for the second quarter was 31 fleets.
• The company is deploying its first electric fleet during the third quarter and expects to average approximately 31 active fleets for the full quarter. We expect to deploy two more electric fleets in the fourth quarter. There are no current plans to reactivate any conventional or dual fuel fleets for the remainder of 2022.

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