Shares of ProFrac Holding Corp. (NASDAQ: ACDC) soared 10.86% in the pre-market trading session on Thursday, March 6th. The stock surge came after the company reported its full-year 2024 and fourth-quarter results, highlighting a positive outlook and expected recovery in the first quarter of 2025.
Despite weaker financial performance in 2024, with a net loss of $208 million and declining revenues, ProFrac expressed confidence in a rebound driven by increased activity and pricing stabilization. According to Executive Chairman Matt Wilks, the company anticipates "setting new operating efficiency records over the balance of 2025" and expects a "sizable improvement in revenues and profitability in the first quarter 2025 relative to the fourth quarter 2024."
The positive sentiment surrounding ProFrac's Q1 outlook and expected recovery in its Stimulation Services and Proppant Production segments appears to have fueled investor optimism, leading to the substantial pre-market surge in the company's stock price.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.