Core Insights - ProFrac Holding Corp. has outlined its operational and strategic priorities for 2024, focusing on increasing fleet count and enhancing proppant production through higher contracted volumes and reduced mining costs [1] - The company emphasizes three critical components for its business strategy: higher utilization, exceptional customer experience, and the lowest per unit costs in the industry [2] Company Overview - ProFrac Holding Corp. is a technology-focused, vertically integrated energy services company that provides well stimulation services and proppants production to oil and gas companies in the U.S. [3] - Founded in 2016, ProFrac aims to be the primary service provider for hydraulic fracturing needs, utilizing new technologies to reduce greenhouse gas emissions and improve efficiency in unconventional oil and gas resource development [3]
ProFrac Holding Corp. Announces Its 2024 Operational and Strategic Priorities