ProFrac CEO Johnathan L. Wilks resigns; Executive Chairman Matthew D. Wilks adds CEO role

Filed August 6, 2026 · Period ending August 3, 2026 · ~2 min read

Key Changes

• high

  Johnathan L. Wilks resigned as CEO effective August 7, 2026, transitioning to non-employee director; all unvested equity awards cancelled without vesting. Matthew D. Wilks, Executive Chairman since May 2022, appointed CEO while retaining Chairman role.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• high

  Q2 2026 revenue $498M (up from $450M in Q1); net loss $75M (vs. $81M in Q1); Adjusted EBITDA $69M or 14% margin (vs. $54M or 12% in Q1). Free cash flow improved to negative $8M from negative $25M.

  Item 2.02 — Results of Operations and Financial Condition verify on EDGAR →
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  July 1, 2026 refinancing increased ABL facility from $275M to $300M with enhanced borrowing base terms. As of July 1, borrowing base was $243M with $173M drawn, leaving $71M availability.

  Exhibit 99.1 view on EDGAR →