ProFrac Holding Corp. (NASDAQ: ACDC) saw its shares soar 7.02% in pre-market trading on Wednesday following the release of its first quarter 2025 financial results, which exceeded analyst expectations and provided a positive outlook for the company's future performance.

The oilfield services company reported a significant 32% increase in total revenue to $600.3 million for Q1 2025, surpassing the analyst consensus estimate of $502.39 million by 19.49%. This impressive top-line growth was accompanied by a substantial improvement in profitability, with Adjusted EBITDA rising to $130 million, or 22% of revenue, compared to $71 million or 16% of revenue in the fourth quarter of 2024.

While the company faced some headwinds, including a net loss of $15 million, this marked a significant improvement from the $102 million loss in the previous quarter. ProFrac's Executive Chairman, Matt Wilks, highlighted the company's strong operational performance, citing new efficiency records in pump hours and average pump hours per fleet. Additionally, the company's outlook remains positive, particularly in the gas market, with continued inbound requests for services in the second half of 2025 and early 2026. Despite some challenges in the oil-directed completion schedules due to recent OPEC+ decisions, ProFrac's diversified portfolio and operational efficiency appear to be bolstering investor confidence in its ability to navigate market uncertainties.