ProFrac Holding (ACDC)

The company’s largest business is its Stimulation Services segment, which provides hydraulic fracturing fleets, mobile pumping units and auxiliary equipment used to stimulate hydrocarbon flow from unconventional reservoirs. This business ties ProFrac closely to drilling and completion activity in major US oil and gas basins, where producers rely on efficient fracturing capacity to manage well productivity and project economics.

ProFrac also operates in proppant production, manufacturing and specialty chemicals through Flotek. Its proppant assets supply sand and other materials used to keep fractures open during the completion process. The manufacturing segment produces engineered components such as pumps, valves, piping and other equipment that support internal operations and third-party customers. Flotek adds chemistry, data and technology capabilities for the exploration and production industry, broadening ProFrac’s role beyond traditional pressure pumping.

As a listed company, ProFrac offers investors exposure to the cyclical US oilfield services market, including demand for completions, equipment, proppant and production-enhancing technologies.