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AI brief of an SEC Form 8-K · ProFrac Holding Corp. (ACDC)

ProFrac narrows Q2 net loss to $75 million as CEO Ladd Wilks steps down

Positive Impact 4 of 5 leadership Written later

ProFrac reported second-quarter 2026 revenue of $498 million, up from $450 million in the first quarter, and a net loss of $75 million, narrower than the $81 million loss in the first quarter. Separately, Ladd Wilks will step down as CEO effective August 7, 2026, and Executive Chairman Matt Wilks will take on the CEO role as well.

Key points

  • Q2 2026 revenue $498 million vs. $450 million in Q1; adjusted EBITDA $69 million vs. $54 million in Q1
  • Net loss $75 million vs. $81 million in Q1; free cash flow negative $8 million vs. negative $25 million in Q1
  • Ladd Wilks resigns as CEO effective August 7, 2026 and joins the board, replacing Sergei Krylov
  • Company expects Stimulation Services third-quarter 2026 results to improve on Q2; Proppant Production expected to be approximately flat

The filing

CompanyProFrac Holding Corp. (ACDC)
Form8-K, current report
Filed with the SECAug 6, 2026, 6:01 AM ET
Accession number0001104659-26-091463

Items reported: 2.02 Results of Operations5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.