ProFrac Q2 2026: Net loss narrows 26% to -$79.7M as CEO transitions; ABL refinanced

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~1 min read

Key Changes

• high

  Matt Wilks named CEO effective August 7, 2026, replacing Ladd Wilks who joined the board. The filing states no disagreement prompted the change, framing it as an orderly leadership transition within the founding family.

  MD&A: CEO transition verify on EDGAR →
• high

  Alpine's leverage covenant testing deferred one year to Q1 FY28 (from Q1 FY27), giving additional runway to improve debt-to-EBITDA before compliance is required. Management states it is closely monitoring the covenant.

  MD&A & Notes: Alpine covenant deferral view on EDGAR →
• high

  Total liquidity fell 34% YoY to $72M at June 30, 2026 (cash $14M, ABL availability $58M). The July 1 ABL refinancing improved post-quarter availability to $71M.

  MD&A: liquidity position verify on EDGAR →