Alec John Scheibelhoffer's questions to ProFrac Holding (ACDC) leadership • Q1 2025
Question
Requested more detail on the proppant segment, specifically asking about the pricing dynamics in the Haynesville versus West Texas and how strength in the Haynesville might offset potential softness in the Permian.
Answer
Management explained that proppant markets are regional and that they see a significant opportunity in the Haynesville, where they are the largest producer and have increased damp sand capacity. They also see strength in the South Texas market. While West Texas activity may be impacted by tariff uncertainty, they expect a favorable mix shift towards the gas basins and increased bundled logistics services to help offset it.