ACDC

ProFrac Holding Corp. operates as a vertically integrated energy services company providing hydraulic fracturing, proppant production, and related oilfield services to upstream oil and gas companies in North America. Headquartered in Willow Park, Texas, the company was founded in 2016 and completed its initial public offering in May 2022. ProFrac operates through three primary segments: stimulation services, which deploys hydraulic fracturing fleets to enhance well productivity; manufacturing, which produces frac pumps and other specialized equipment; and proppant production, which mines and processes sand used in hydraulic fracturing operations. The company distinguishes itself through vertical integration, owning and manufacturing much of its equipment rather than relying on third-party suppliers. As of 2024, ProFrac operates one of the largest hydraulic fracturing fleets in North America, with approximately 30 active fleets and multiple next-generation Tier IV DGB (dual-fuel, bi-fuel, natural gas) fleets that offer reduced emissions compared to conventional diesel equipment. The company employs over 3,000 people and operates proppant facilities in the Permian Basin. ProFrac has pursued strategic acquisitions to expand its service capabilities and has invested significantly in transitioning its fleet to cleaner-burning natural gas-powered equipment, positioning itself to meet evolving environmental standards in the oil and gas sector.