ProFrac Currently Anticipates Total Volumes And Pricing In Proppant Production Segment To Continue To Decline Followed By Gradual Recovery
Portfolio Pulse from Benzinga Newsdesk
ProFrac anticipates a decline in total volumes and pricing in its Proppant Production segment, followed by a gradual recovery. In the Stimulation Services segment, the company expects pricing to remain steady.
August 08, 2024 | 9:05 am
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ProFrac anticipates a decline in total volumes and pricing in its Proppant Production segment, followed by a gradual recovery. In the Stimulation Services segment, the company expects pricing to remain steady.
The anticipated decline in volumes and pricing in the Proppant Production segment is likely to negatively impact ProFrac's short-term revenue. However, the steady pricing in the Stimulation Services segment may provide some stability.
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IMPORTANCE 80
RELEVANCE 100