$ACDC
ProFrac Holding Corp.

2024 Q2 Form 10-Q Financial Statement

#000095017024057774 Filed on May 10, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q1
Revenue $579.4M $581.5M $851.7M
YoY Change -18.3% -31.72% 146.88%
Cost Of Revenue $393.1M $373.7M $851.7M
YoY Change -15.97% -56.12% 146.88%
Gross Profit $186.3M $207.8M $0.00
YoY Change -22.83%
Gross Profit Margin 32.15% 35.74% 0.0%
Selling, General & Admin $54.10M $50.60M $76.30M
YoY Change -23.04% -33.68% 123.58%
% of Gross Profit 29.04% 24.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $103.4M $112.8M $110.3M
YoY Change -5.05% 2.27% 149.46%
% of Gross Profit 55.5% 54.28%
Operating Expenses $54.10M $50.60M $76.30M
YoY Change -23.04% -33.68% 123.58%
Operating Profit -$49.20M $39.90M $106.7M
YoY Change -191.62% -62.61% 212.06%
Interest Expense $39.60M $37.60M $34.90M
YoY Change -3.41% 7.74% 276.4%
% of Operating Profit 94.24% 32.71%
Other Income/Expense, Net -$500.0K $1.800M -$9.400M
YoY Change -93.51% -119.15% -214.2%
Pretax Income -$89.30M $3.300M $66.50M
YoY Change -1886.0% -95.04% 167.3%
Income Tax -$23.70M $300.0K $6.700M
% Of Pretax Income 9.09% 10.08%
Net Earnings -$66.70M $1.800M $22.00M
YoY Change 2200.0% -91.82% -7.21%
Net Earnings / Revenue -11.51% 0.31% 2.58%
Basic Earnings Per Share -$0.42 $0.00 $0.40
Diluted Earnings Per Share -$0.42 $0.00 $0.40
COMMON SHARES
Basic Shares Outstanding 159.9M 159.6M 54.50M
Diluted Shares Outstanding 160.0M 159.8M 54.90M

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.00M $28.30M $69.90M
YoY Change -10.78% -59.51% 143.94%
Cash & Equivalents $24.00M $28.30M $69.90M
Short-Term Investments
Other Short-Term Assets $30.70M $22.80M $43.10M
YoY Change -0.97% -47.1% 130.16%
Inventory $258.8M $219.8M $283.1M
Prepaid Expenses
Receivables $378.8M $381.8M $593.1M
Other Receivables $11.60M $11.90M $4.400M
Total Short-Term Assets $703.9M $664.6M $993.6M
YoY Change -15.08% -33.11% 103.28%
LONG-TERM ASSETS
Property, Plant & Equipment $1.867B $1.690B $1.910B
YoY Change -2.35% -11.52% 208.16%
Goodwill $300.8M $342.3M $327.7M
YoY Change -6.41% 4.46%
Intangibles $160.4M $164.7M $200.0M
YoY Change -16.06% -17.65% 597.33%
Long-Term Investments $7.500M $30.40M $53.00M
YoY Change -84.5% -42.64% -32.31%
Other Assets $20.90M $37.40M $46.30M
YoY Change -55.91% -19.22% 139.87%
Total Long-Term Assets $2.460B $2.342B $2.647B
YoY Change -6.19% -11.5% 220.77%
TOTAL ASSETS
Total Short-Term Assets $703.9M $664.6M $993.6M
Total Long-Term Assets $2.460B $2.342B $2.647B
Total Assets $3.164B $3.007B $3.640B
YoY Change -8.33% -17.4% 177.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $334.5M $281.8M $515.0M
YoY Change -21.31% -45.28% 138.37%
Accrued Expenses $94.20M $89.00M $130.2M
YoY Change -24.34% -31.64% 44.54%
Deferred Revenue $4.900M $3.300M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $174.4M $136.4M $139.4M
YoY Change 52.45% -2.15% 192.73%
Total Short-Term Liabilities $699.9M $623.6M $935.1M
YoY Change -16.46% -33.31% 123.82%
LONG-TERM LIABILITIES
Long-Term Debt $1.025B $912.2M $1.109B
YoY Change -2.85% -17.72% 91.82%
Other Long-Term Liabilities $7.800M $9.600M $64.10M
YoY Change -90.79% -85.02% 7006.43%
Total Long-Term Liabilities $1.033B $921.8M $1.173B
YoY Change -9.39% -21.4% 102.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $699.9M $623.6M $935.1M
Total Long-Term Liabilities $1.033B $921.8M $1.173B
Total Liabilities $1.891B $1.673B $2.185B
YoY Change -10.98% -23.4% 104.64%
SHAREHOLDERS EQUITY
Retained Earnings -$83.30M -$15.40M $113.5M
YoY Change -175.32% -113.57%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.147B $1.214B $119.9M
YoY Change
Total Liabilities & Shareholders Equity $3.164B $3.007B $3.640B
YoY Change -8.33% -17.4% 177.06%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income -$66.70M $1.800M $22.00M
YoY Change 2200.0% -91.82% -7.21%
Depreciation, Depletion And Amortization $103.4M $112.8M $110.3M
YoY Change -5.05% 2.27% 149.46%
Cash From Operating Activities $113.5M $79.10M $233.5M
YoY Change -26.15% -66.12% 434.03%
INVESTING ACTIVITIES
Capital Expenditures $61.90M $59.90M $83.20M
YoY Change -36.9% -28.0% 100.52%
Acquisitions $443.6M
YoY Change 59.0%
Other Investing Activities -$169.6M $6.600M -$442.6M
YoY Change 852.81% -101.49% 50.95%
Cash From Investing Activities -$231.5M -$53.30M -$525.8M
YoY Change 99.74% -89.86% 57.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $37.50M $18.20M
YoY Change 106.04% -94.38%
Cash From Financing Activities 113.7M -22.80M 327.1M
YoY Change -237.48% -106.97% 3.41%
NET CHANGE
Cash From Operating Activities 113.5M 79.10M 233.5M
Cash From Investing Activities -231.5M -53.30M -525.8M
Cash From Financing Activities 113.7M -22.80M 327.1M
Net Change In Cash -4.300M 3.000M 34.80M
YoY Change -90.42% -91.38% 37.34%
FREE CASH FLOW
Cash From Operating Activities $113.5M $79.10M $233.5M
Capital Expenditures $61.90M $59.90M $83.20M
Free Cash Flow $51.60M $19.20M $150.3M
YoY Change -7.19% -87.23% 6633.87%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2024Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2024Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001881487
CY2024Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2024Q1 dei Amendment Flag
AmendmentFlag
false
CY2024Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2024Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2024Q1 us-gaap Preferred Stock Value
PreferredStockValue
CY2023Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P9M
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2024Q1 dei Document Type
DocumentType
10-Q
CY2024Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2024Q1 dei Document Period End Date
DocumentPeriodEndDate
2024-03-31
CY2024Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
CY2024Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2024Q1 dei Entity File Number
EntityFileNumber
001-41388
CY2024Q1 dei Entity Registrant Name
EntityRegistrantName
ProFrac Holding Corp.
CY2024Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2024Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
87-2424964
CY2024Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
333 Shops Boulevard
CY2024Q1 dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 301
CY2024Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
Willow Park
CY2024Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
TX
CY2024Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
76087
CY2024Q1 dei City Area Code
CityAreaCode
254
CY2024Q1 dei Local Phone Number
LocalPhoneNumber
776-3722
CY2024Q1 dei Security12b Title
Security12bTitle
Class A common stock, par value $0.01 per share
CY2024Q1 dei Trading Symbol
TradingSymbol
ACDC
CY2024Q1 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2024Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2024Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2024Q1 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2024Q1 dei Entity Small Business
EntitySmallBusiness
false
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
84100000
CY2024Q1 acdc Due To Other Related Party Classified Current
DueToOtherRelatedPartyClassifiedCurrent
15800000
CY2023Q4 acdc Due To Other Related Party Classified Current
DueToOtherRelatedPartyClassifiedCurrent
7400000
CY2024Q1 us-gaap Liabilities Current
LiabilitiesCurrent
623600000
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
648900000
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
895100000
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
923500000
CY2024Q1 acdc Due To Related Party Noncurrent
DueToRelatedPartyNoncurrent
17100000
CY2023Q4 acdc Due To Related Party Noncurrent
DueToRelatedPartyNoncurrent
18600000
CY2024Q1 dei Entity Shell Company
EntityShellCompany
false
CY2024Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
159936049
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
28300000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
25300000
CY2024Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
381800000
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
346100000
CY2024Q1 acdc Accounts Receivable Related Party Current
AccountsReceivableRelatedPartyCurrent
11900000
CY2023Q4 acdc Accounts Receivable Related Party Current
AccountsReceivableRelatedPartyCurrent
6800000
CY2024Q1 us-gaap Inventory Net
InventoryNet
219800000
CY2023Q4 us-gaap Inventory Net
InventoryNet
236600000
CY2024Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
22800000
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
23300000
CY2024Q1 us-gaap Assets Current
AssetsCurrent
664600000
CY2023Q4 us-gaap Assets Current
AssetsCurrent
638100000
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1083800000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1010200000
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1689800000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1779000000
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
77700000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
87200000
CY2024Q1 us-gaap Goodwill
Goodwill
342300000
CY2023Q4 us-gaap Goodwill
Goodwill
325900000
CY2024Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
164700000
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
173500000
CY2024Q1 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
24900000
CY2023Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
23400000
CY2024Q1 us-gaap Long Term Investments
LongTermInvestments
30400000
CY2023Q4 us-gaap Long Term Investments
LongTermInvestments
28900000
CY2024Q1 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
100000
CY2023Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
300000
CY2024Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
37400000
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
37800000
CY2024Q1 us-gaap Assets
Assets
3007000000
CY2023Q4 us-gaap Assets
Assets
3070700000
CY2024Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
281800000
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
319000000
CY2024Q1 acdc Accounts Payable Related Party Current
AccountsPayableRelatedPartyCurrent
16600000
CY2023Q4 acdc Accounts Payable Related Party Current
AccountsPayableRelatedPartyCurrent
21900000
CY2024Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
89000000
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
65600000
CY2024Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
136400000
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
126400000
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
19600000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
24500000
CY2024Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
64400000
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
63200000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
67800000
CY2024Q1 acdc Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
64800000
CY2023Q4 acdc Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
68100000
CY2024Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
9600000
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
15200000
CY2024Q1 us-gaap Liabilities
Liabilities
1673400000
CY2023Q4 us-gaap Liabilities
Liabilities
1742100000
CY2024Q1 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
59900000
CY2023Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
58700000
CY2024Q1 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0.01
CY2023Q4 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0.01
CY2024Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000
CY2024Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2024Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2024Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1227200000
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1225400000
CY2024Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-15400000
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-16000000
CY2024Q1 acdc Accumulated Other Comprehensive Income Loss
AccumulatedOtherComprehensiveIncomeLoss
-300000
CY2023Q4 acdc Accumulated Other Comprehensive Income Loss
AccumulatedOtherComprehensiveIncomeLoss
-300000
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
1213600000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
1211200000
CY2024Q1 us-gaap Minority Interest
MinorityInterest
60100000
CY2023Q4 us-gaap Minority Interest
MinorityInterest
58700000
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1273700000
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1269900000
CY2024Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3007000000
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3070700000
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
581500000
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
857500000
CY2024Q1 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
373700000
CY2023Q1 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
545900000
CY2024Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
50600000
CY2023Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
77900000
CY2024Q1 us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
112800000
CY2023Q1 us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
110300000
CY2024Q1 acdc Acquisition And Integration Costs
AcquisitionAndIntegrationCosts
200000
CY2023Q1 acdc Acquisition And Integration Costs
AcquisitionAndIntegrationCosts
12300000
CY2024Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-4300000
CY2023Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-4400000
CY2024Q1 us-gaap Costs And Expenses
CostsAndExpenses
541600000
CY2023Q1 us-gaap Costs And Expenses
CostsAndExpenses
750800000
CY2024Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
39900000
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
106700000
CY2024Q1 us-gaap Interest Expense
InterestExpense
37600000
CY2023Q1 us-gaap Interest Expense
InterestExpense
34900000
CY2024Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-800000
CY2023Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
4100000
CY2024Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1800000
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-9400000
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3300000
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
66500000
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
300000
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6700000
CY2024Q1 us-gaap Profit Loss
ProfitLoss
3000000
CY2023Q1 us-gaap Profit Loss
ProfitLoss
59800000
CY2024Q1 us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
1200000
CY2023Q1 us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
-4200000
CY2023Q1 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
42000000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
1800000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
22000000
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
600000
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
22000000
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.4
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.4
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
159500000
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54500000
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
159800000
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54900000
CY2024Q1 us-gaap Profit Loss
ProfitLoss
3000000
CY2023Q1 us-gaap Profit Loss
ProfitLoss
59800000
CY2023Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
300000
CY2024Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
3000000
CY2023Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
60100000
CY2024Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
1200000
CY2023Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-4100000
CY2023Q1 acdc Comprehensive Income Attributable To Redeemable Noncontrolling Interest
ComprehensiveIncomeAttributableToRedeemableNoncontrollingInterest
42100000
CY2024Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1800000
CY2023Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
22100000
CY2023Q4 acdc Stockholders Equity Including Portion Attributable To Noncontrolling Interest And Accumulated Other Comprehensive Income Loss
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAndAccumulatedOtherComprehensiveIncomeLoss
1269900000
CY2024Q1 acdc Profit Loss Net Of Portion Attributable To Redeemable Controlling Interest
ProfitLossNetOfPortionAttributableToRedeemableControllingInterest
3000000
CY2024Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
2100000
CY2024Q1 acdc Adjustment To Additional Paid In Capital Tax Withholding Related To Net Share Settlement Of Equity Awards
AdjustmentToAdditionalPaidInCapitalTaxWithholdingRelatedToNetShareSettlementOfEquityAwards
100000
CY2024Q1 acdc Adjustment Of Convertible Preferred Stock Redemption Amount
AdjustmentOfConvertiblePreferredStockRedemptionAmount
-1200000
CY2024Q1 acdc Stockholders Equity Including Portion Attributable To Noncontrolling Interest And Accumulated Other Comprehensive Income Loss
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAndAccumulatedOtherComprehensiveIncomeLoss
1273700000
CY2022Q4 acdc Stockholders Equity Including Portion Attributable To Noncontrolling Interest And Accumulated Other Comprehensive Income Loss
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAndAccumulatedOtherComprehensiveIncomeLoss
-1112200000
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-525800000
CY2023Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
320000000
CY2024Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
37500000
CY2023Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
18200000
CY2023Q1 acdc Profit Loss Net Of Portion Attributable To Redeemable Controlling Interest
ProfitLossNetOfPortionAttributableToRedeemableControllingInterest
17800000
CY2023Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
1000000
CY2023Q1 acdc Stock Based Compensation Related To Deemed Contribution
StockBasedCompensationRelatedToDeemedContribution
3500000
CY2023Q1 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
12700000
CY2023Q1 acdc Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest And Parent
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterestAndParent
200000
CY2023Q1 acdc Adjustment Of Redeemable Noncontrolling Interest To Redemption Amount
AdjustmentOfRedeemableNoncontrollingInterestToRedemptionAmount
-1268200000
CY2023Q1 acdc Stockholders Equity Including Portion Attributable To Noncontrolling Interest And Accumulated Other Comprehensive Income Loss
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAndAccumulatedOtherComprehensiveIncomeLoss
200800000
CY2024Q1 us-gaap Profit Loss
ProfitLoss
3000000
CY2023Q1 us-gaap Profit Loss
ProfitLoss
59800000
CY2024Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
112800000
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
110300000
CY2024Q1 acdc Amortization Of Contract Liabilities
AmortizationOfContractLiabilities
-16500000
CY2023Q1 acdc Amortization Of Contract Liabilities
AmortizationOfContractLiabilities
-8100000
CY2024Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2100000
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
13100000
CY2024Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
1400000
CY2023Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-1500000
CY2024Q1 acdc Non Cash Gain Loss On Extinguishment Of Debt
NonCashGainLossOnExtinguishmentOfDebt
-800000
CY2023Q1 acdc Non Cash Gain Loss On Extinguishment Of Debt
NonCashGainLossOnExtinguishmentOfDebt
4100000
CY2024Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3200000
CY2023Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
6100000
CY2023Q1 acdc Acquisition Earn Out Adjustment
AcquisitionEarnOutAdjustment
3000000
CY2024Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
1200000
CY2023Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-9700000
CY2024Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
200000
CY2023Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-100000
CY2024Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
41200000
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
41900000
CY2024Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-16600000
CY2023Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
24700000
CY2024Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1400000
CY2023Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1800000
CY2024Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-20300000
CY2023Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
136500000
CY2024Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
23300000
CY2023Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-3100000
CY2024Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-3700000
CY2023Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-16900000
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
79100000
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
233500000
CY2023Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
443600000
CY2024Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
59900000
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
83200000
CY2024Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
6600000
CY2023Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
1000000
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-53300000
CY2024Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
501100000
CY2023Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
406700000
CY2024Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
485200000
CY2023Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
363000000
CY2024Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1100000
CY2023Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
18400000
CY2024Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
100000
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-22800000
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
327100000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
3000000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
34800000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
25300000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
37900000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28300000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
72700000
CY2024Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
22600000
CY2023Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
54200000
CY2024Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5700000
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6100000
CY2024Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:12pt;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Concentrations of Risk</span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:12pt;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Our business activities are concentrated in the well completion services segment of the oilfield services industry in the United States. The market for these services is cyclical, and we depend on the willingness of our customers to make operating and capital expenditures to explore for, develop, and produce oil and natural gas in the United States. The willingness of our customers to undertake these activities depends largely upon prevailing industry conditions that are predominantly influenced by current and expected prices for oil and natural gas. Historically, a low commodity-price environment has caused our customers to significantly reduce their hydraulic fracturing activities and the prices they are willing to pay for those services. During these periods, these customer actions materially adversely affected our business, financial condition and results of operations.</span></p>
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
28300000
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
69900000
CY2023Q1 us-gaap Restricted Cash
RestrictedCash
2800000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28300000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
72700000
CY2024Q1 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
74600000
CY2023Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
84200000
CY2024Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
21100000
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
20500000
CY2024Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
124100000
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
131900000
CY2024Q1 us-gaap Inventory Net
InventoryNet
219800000
CY2023Q4 us-gaap Inventory Net
InventoryNet
236600000
CY2024Q1 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
37200000
CY2023Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
22600000
CY2024Q1 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
16800000
CY2023Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
24000000
CY2024Q1 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
10900000
CY2023Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
10900000
CY2024Q1 acdc Accrued Interest Expenses Current
AccruedInterestExpensesCurrent
21200000
CY2023Q4 acdc Accrued Interest Expenses Current
AccruedInterestExpensesCurrent
5400000
CY2024Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
1600000
CY2023Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
1500000
CY2024Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1300000
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1200000
CY2024Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
89000000
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
65600000
CY2024Q1 acdc Acquired Contract Liabilities
AcquiredContractLiabilities
35600000
CY2023Q4 acdc Acquired Contract Liabilities
AcquiredContractLiabilities
43500000
CY2024Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
10800000
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
20700000
CY2024Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
3300000
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
7300000
CY2024Q1 acdc Tax Receivable Agreement Obligation
TaxReceivableAgreementObligation
6400000
CY2023Q4 acdc Tax Receivable Agreement Obligation
TaxReceivableAgreementObligation
2800000
CY2024Q1 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
8300000
CY2023Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
9800000
CY2024Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
64400000
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
84100000
CY2023Q1 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
882300000
CY2023Q1 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
67200000
CY2023Q4 us-gaap Goodwill
Goodwill
325900000
CY2024Q1 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
16400000
CY2024Q1 us-gaap Goodwill
Goodwill
342300000
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1085100000
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1107900000
CY2024Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
36500000
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
39400000
CY2024Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
136400000
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
126400000
CY2024Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
912200000
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
942100000
CY2024Q1 acdc Contract With Customer Off Market Amortization Related To Contract Liabilities To Revenue
ContractWithCustomerOffMarketAmortizationRelatedToContractLiabilitiesToRevenue
13600000
CY2023Q1 acdc Contract With Customer Off Market Amortization Related To Contract Liabilities To Revenue
ContractWithCustomerOffMarketAmortizationRelatedToContractLiabilitiesToRevenue
8100000
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
231300000
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
129800000
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
43500000
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
43500000
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
14500000
CY2024Q1 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
1400000
CY2023Q1 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
-1500000
CY2024Q1 acdc Litigation Expenses And Accruals For Legal Contingencies
LitigationExpensesAndAccrualsForLegalContingencies
4800000
CY2023Q1 acdc Litigation Expenses And Accruals For Legal Contingencies
LitigationExpensesAndAccrualsForLegalContingencies
5800000
CY2024Q1 us-gaap Severance Costs1
SeveranceCosts1
700000
CY2024Q1 acdc Supply Commitment Charges
SupplyCommitmentCharges
200000
CY2023Q1 acdc Acquisition Earn Out Adjustment
AcquisitionEarnOutAdjustment
3000000
CY2023Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
100000
CY2024Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-4300000
CY2023Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-4400000
CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.091
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.101
CY2023Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
15900000
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
46600000
CY2024Q1 acdc Change In Fair Value Of Level Three Fair Value Measurements
ChangeInFairValueOfLevelThreeFairValueMeasurements
1200000
CY2023Q1 acdc Change In Fair Value Of Level Three Fair Value Measurements
ChangeInFairValueOfLevelThreeFairValueMeasurements
-6300000
CY2024Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
17100000
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
40300000
CY2024Q1 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
62600000
CY2023Q4 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
74700000
CY2024Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
61000000
CY2023Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
74300000
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
581500000
CY2024Q1 acdc Adjusted Ebitda To Net Loss
AdjustedEBITDAToNetLoss
159700000
CY2024Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
112800000
CY2024Q1 us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
59900000
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
28300000
CY2024Q1 us-gaap Assets Current
AssetsCurrent
664600000
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1689800000
CY2024Q1 us-gaap Assets
Assets
3007000000
CY2024Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
136400000
CY2024Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
912200000
CY2024Q1 us-gaap Liabilities
Liabilities
1673400000
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
857500000
CY2023Q1 acdc Adjusted Ebitda To Net Loss
AdjustedEBITDAToNetLoss
247100000
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
110300000
CY2023Q1 us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
83200000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
25300000
CY2023Q4 us-gaap Assets Current
AssetsCurrent
638100000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1779000000
CY2023Q4 us-gaap Assets
Assets
3070700000
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
126400000
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
942100000
CY2023Q4 us-gaap Liabilities
Liabilities
1742100000
CY2024Q1 acdc Adjusted Ebitda To Net Loss
AdjustedEBITDAToNetLoss
159700000
CY2023Q1 acdc Adjusted Ebitda To Net Loss
AdjustedEBITDAToNetLoss
247100000
CY2024Q1 us-gaap Interest Expense
InterestExpense
37600000
CY2023Q1 us-gaap Interest Expense
InterestExpense
34900000
CY2024Q1 us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
112800000
CY2023Q1 us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
110300000
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
300000
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6700000
CY2024Q1 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
1400000
CY2023Q1 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
-1500000
CY2024Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-800000
CY2023Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
4100000
CY2023Q1 acdc Acquisition Earn Out Adjustment
AcquisitionEarnOutAdjustment
3000000
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2100000
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2900000
CY2023Q1 acdc Stock Based Compensation Related To Deemed Contributions
StockBasedCompensationRelatedToDeemedContributions
10200000
CY2023Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
100000
CY2024Q1 us-gaap Severance Costs1
SeveranceCosts1
700000
CY2024Q1 acdc Acquisition And Integration Costs
AcquisitionAndIntegrationCosts
200000
CY2023Q1 acdc Acquisition And Integration Costs
AcquisitionAndIntegrationCosts
12300000
CY2024Q1 acdc Litigation Expenses And Accruals For Legal Contingencies
LitigationExpensesAndAccrualsForLegalContingencies
4800000
CY2023Q1 acdc Litigation Expenses And Accruals For Legal Contingencies
LitigationExpensesAndAccrualsForLegalContingencies
5800000
CY2024Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
1200000
CY2023Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-9700000
CY2024Q1 us-gaap Profit Loss
ProfitLoss
3000000
CY2023Q1 us-gaap Profit Loss
ProfitLoss
59800000
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0000950170-24-057774-index-headers.html Edgar Link pending
0000950170-24-057774-index.html Edgar Link pending
0000950170-24-057774.txt Edgar Link pending
0000950170-24-057774-xbrl.zip Edgar Link pending
acdc-20240331.htm Edgar Link pending
acdc-20240331.xsd Edgar Link pending
acdc-ex31_1.htm Edgar Link pending
acdc-ex31_2.htm Edgar Link pending
acdc-ex32_1.htm Edgar Link pending
acdc-ex95.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
acdc-20240331_htm.xml Edgar Link completed
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending