ProFrac Holding Corp. ACDC Stimulation Services — Proceeds From Notes Payable
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Where this comes from
Reported directly by ProFrac Holding Corp. in its filing.
Tagged under the XBRL concept us-gaap:ProceedsFromNotesPayable.
The source filing: ProFrac Holding Corp.’s 10-K, filed March 13, 2026.
- Filed
- Mar 13, 2026, 4:07 PM EDT
- Fiscal year
- FY2025
- Accession
- 0001193125-26-106120
In April 2025, Flotek acquired certain gas conditioning equipment from our Stimulation Services segment for total consideration of $107.5 million and our Stimulation Services segment leased these assets back from Flotek for a six year term. The effects of this sale-leaseback transaction have been eliminated from our consolidated financial statements. Part of the $107.5 million consideration was a $40.0 million intercompany note payable from Flotek to our Stimulation Services segment (“Flotek PWRtek Note”). In November 2025, the Stimulation Services segment agreed to assign this note receivable to PC Energy Credit I, LLC, a related party to the Company controlled by the Wilks Parties, in exchange for cash consideration of $40.4 million, which represented the sum of the unpaid principal amount of the note and all accrued and unpaid interest on the note through the closing date.
Item 8. Financial Statements and Supplementary Data
FAQ
- What is ProFrac Holding Corp.'s stimulation services — proceeds from notes payable?
- ProFrac Holding Corp. (ACDC) reported stimulation services — proceeds from notes payable of $40M in Q2 2025.
- What does stimulation services — proceeds from notes payable mean?
- Cash inflows received from the issuance of short-term or long-term notes payable specifically attributed to the stimulation services segment. This metric indicates the segment's ability to access debt capital markets to fund operational growth or capital expenditures.
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