Mar. 12 at 10:53 AM
$ACDC ProFrac expects weather disruption to have
$8M-
$12M impact on Q1 adjusted EBITDA
"Harsh winter weather conditions resulted in disruptions to our 2026 start; however, momentum has been building as conditions improved. Looking at the broader completions landscape, activity today is running below levels needed to sustain flat shale production. Additionally, capital discipline across the industry has set the stage for meaningful supply-demand tightening as activity picks up. Lastly, oil prices have strengthened as a result of ongoing supply disruptions due to the conflict in the Middle East, which could necessitate a higher call on US oil production. We are pleased to report strong progress on our business optimization plan targeting implemented annualized savings of
$100 million at the midpoint by the end of the second quarter of 2026. We are on track with our prior target on capital expenditure savings. Labor-related savings have been fully implemented. Non-labor operating expenses are progressing in line with our plan. Alongside these cost initiatives, our technology differentiation continues to be a key focus," concluded Wilks.
