The share price of ProFrac Holding Corp. (NASDAQ:ACDC) fell by 11.06% between November 11 and November 18, 2025, putting it among the Energy Stocks that Lost the Most This Week. ProFrac Holding (ACDC) Dips Following Q3 Report 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 be ...

Core Insights - ProFrac Holding Corp. (NASDAQ:ACDC) experienced a significant decline in share price, falling by 27.53% from November 3 to November 10, 2025, making it one of the worst-performing energy stocks during that week [1]. Financial Performance - The company reported disappointing Q3 results on November 10, with earnings per share (EPS) of -$0.51, missing estimates by $0.09, and revenue of $403.1 million, which represented a 30% year-over-year decline [3]. - ProFrac's net loss for Q3 narrowed to $92 million from $107 million in the previous quarter, but adjusted EBITDA plummeted by 93% quarter-over-quarter, indicating significant challenges in the market [4]. - Net cash provided by operating activities dropped sharply to $5 million, down from $97 million in the prior quarter [4]. Strategic Initiatives - To enhance earnings, ProFrac aims to achieve annualized cash savings of $85 to $115 million by the end of Q2 2026, focusing on operational efficiency and cost reductions [5]. - The company's share price has decreased by over 51% since the start of 2025, reflecting ongoing struggles in the energy sector [5].

Core Insights - Halliburton Company (HAL) reported second-quarter 2025 adjusted net income per share of 55 cents, matching the Zacks Consensus Estimate but down from 80 cents in the same quarter last year, reflecting softer activity in North America offset by international growth [1][9] - Revenues for the quarter were $5.5 billion, a 5.5% decline year over year, but exceeded the Zacks Consensus Estimate by 1.1% [1][9] Regional Performance - North American revenues decreased by 9% year over year to $2.3 billion, falling short of projections by nearly $60 million [2] - International revenues declined by 3% from the previous year to $3.3 billion, but surpassed estimates of $3.1 billion [2] Segment Analysis - The Completion and Production segment reported operating income of $513 million, down from $723 million last year and below the estimate of $537.7 million, attributed to lower stimulation service prices and reduced activity in the Middle East [3] - The Drilling and Evaluation unit's profit fell to $312 million from $403 million year over year, missing the estimate of $316.6 million due to seasonal software sales slowdown and increased startup costs, partially offset by higher global drilling-related services [4] Financial Position - Halliburton's capital expenditure for the second quarter was $354 million, exceeding the projection of $338.2 million [5] - As of June 30, 2025, the company had approximately $2 billion in cash and cash equivalents, with long-term debt of $7.2 billion, resulting in a debt-to-capitalization ratio of 40.4% [5] - The company repurchased $250 million of its stock during the quarter and generated $896 million in cash flow from operations, leading to a free cash flow of $582 million [5] Management Outlook - Management anticipates a softer oilfield services market in the near to medium term, with mixed international activity, and remains committed to shareholder returns [7] - The company aims to outperform peers in North America through scale, technology leadership, and strong service execution [7]

Core Viewpoint - JP Morgan analyst Arun Jayaram maintains an Underweight rating on ProFrac Holding Corp. (ACDC) with a price target of $7, following disappointing fourth-quarter results that missed sales expectations and reported a significant net loss [1]. Financial Performance - ACDC reported fourth-quarter sales of $454.7 million, falling short of the consensus estimate of $479.3 million, and recorded a net loss of $105.0 million compared to a loss of $45.2 million in the same quarter last year [1]. - The results were impacted by misses in EBITDA and free cash flow (FCF) attributed to seasonality and a weaker macroeconomic environment [1]. Operational Insights - Management noted an increase in ACDC's active fleet count, reaching its highest level since mid-2024, with six additional fleets secured since the fourth-quarter low point [2]. - The company expects lower average pricing to slightly offset modestly higher activity in Stimulation Services year-over-year [2]. - Continued industry-wide equipment attrition is anticipated due to higher hours pumped per fleet and lower reinvestment levels [2]. Future Projections - The analyst estimates an average of 29.3 fleets in the first quarter of 2025, leading to Stimulation Services EBITDA of approximately $80 million [3]. - Profitability is expected to improve as utilization increases across business units throughout the year, albeit at a slower pace [3]. - Revised EBITDA forecasts for 2025 and 2026 are $472 million and $588 million, down from previous estimates of $543 million and $680 million, respectively [3]. Cash Flow and Capital Expenditure - Projected FCF generation for 2025 and 2026 is $78 million and $184 million, respectively, with capital expenditures estimated at $340 million and $447 million for the same periods [4]. - Investors can gain exposure to ACDC through the Invesco Oil & Gas Services ETF (PXJ) [4]. Stock Performance - ACDC shares are down 1.65%, trading at $7.15 as of the last check on Monday [4].