Why These Energy Stocks are Losing This Week

7. Profrac Holding Corp (NASDAQ:ACDC)

Share Price Decline Between Nov. 11 – Nov. 18: 11.06%

ProFrac Holding Corp. (NASDAQ:ACDC) is a technology-focused energy services company operating in the United States.

ProFrac Holding Corp. (NASDAQ:ACDC) reported lower-than-expected results for its third quarter on November 10, with the company’s earnings and revenue both falling below estimates. Moreover, revenue dipped 30% YoY, with the Stimulation Services division getting hit the hardest. Net cash provided by operating activities fell heavily from $97 million in the second quarter to $5 million in Q3, while free cash flow also slumped to negative $29 million.

Despite improving its net loss from $107 million in Q2 to $92 million in Q3, ProFrac Holding Corp. (NASDAQ:ACDC)‘s adjusted EBITDA was almost cut in half to $41 million, indicating slimmer profits. To improve profitability, the company is targeting $85 to $115 million in annualized cash savings by the end of Q2 2026 through ‘reemphasizing dedicated, consistent programs, right-sizing its organization, and optimizing its asset base’.