Annual report [Section 13 and 15(d), not S-K Item 405]

Debt (Tables)

v3.25.4
Debt (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Components of Debt

 

 

December 31,

 

 

 

2025

 

 

2024

 

ProFrac Holding Corp.:

 

 

 

 

 

 

2029 Senior Notes

 

$

570.4

 

 

$

584.2

 

2022 ABL Credit Facility

 

 

69.2

 

 

 

139.8

 

Equify Notes (1)

 

 

8.3

 

 

 

13.3

 

Finance lease obligations

 

 

4.1

 

 

 

6.3

 

Other

 

 

8.7

 

 

 

8.0

 

ProFrac Holding Corp. principal amount

 

 

660.7

 

 

 

751.6

 

Less: unamortized debt discounts, premiums, and issuance costs

 

 

(11.8

)

 

 

(15.0

)

Less: current portion of long-term debt

 

 

(94.1

)

 

 

(87.5

)

ProFrac Holding Corp. long-term debt, net

 

 

554.8

 

 

 

649.1

 

 

 

 

 

 

 

 

Alpine Subsidiary:

 

 

 

 

 

 

Alpine 2023 Term Loan

 

 

320.0

 

 

 

350.0

 

Other

 

 

1.0

 

 

 

0.8

 

Finance lease obligations

 

 

4.1

 

 

 

7.2

 

Alpine principal amount

 

 

325.1

 

 

 

358.0

 

Less: unamortized debt discounts, premiums, and issuance costs

 

 

(10.2

)

 

 

(14.5

)

Less: current portion of long-term debt

 

 

(48.5

)

 

 

(65.5

)

Alpine long-term debt, net

 

 

266.4

 

 

 

278.0

 

 

 

 

 

 

 

 

Flotek Subsidiary:

 

 

 

 

 

 

Flotek ABL credit facility

 

 

3.3

 

 

 

4.7

 

Finance lease obligations

 

 

0.4

 

 

 

—

 

Flotek PWRtek Note (1)

 

 

40.0

 

 

 

—

 

Flotek other

 

 

—

 

 

 

0.1

 

Flotek principal amount

 

 

43.7

 

 

 

4.8

 

Less: unamortized debt discounts, premiums, and issuance costs

 

 

(0.4

)

 

 

—

 

Less: current portion of long-term debt

 

 

(3.5

)

 

 

(4.8

)

Flotek long-term debt, net

 

 

39.8

 

 

 

—

 

 

 

 

 

 

 

 

Other Subsidiaries:

 

 

 

 

 

 

Revolving credit facility

 

 

2.9

 

 

 

5.4

 

Finance lease obligations

 

 

6.2

 

 

 

6.4

 

Other

 

 

9.5

 

 

 

12.7

 

Other subsidiaries principal amount

 

 

18.6

 

 

 

24.5

 

Less: unamortized debt discounts, premiums, and issuance costs

 

 

(0.4

)

 

 

(0.4

)

Less: current portion of long-term debt

 

 

(3.6

)

 

 

(6.8

)

Other subsidiaries long-term debt, net

 

 

14.6

 

 

 

17.3

 

 

 

 

 

 

 

 

Consolidated:

 

 

 

 

 

 

Total principal amount

 

 

1,048.1

 

 

 

1,138.9

 

Less: unamortized debt discounts, premiums, and issuance costs

 

 

(22.8

)

 

 

(29.9

)

Less: current portion of long-term debt

 

 

(149.7

)

 

 

(164.6

)

Total long-term debt, net

 

$

875.6

 

 

$

944.4

 

(1) Related party debt agreements
Summary of Principal Maturity Schedule

As of December 31, 2025, the principal maturity schedule for our debt outstanding is as follows:

 

2026

 

 

2027

 

 

2028

 

 

2029

 

 

2030

 

 

Thereafter

 

 

Total

 

ProFrac Holding Corp.:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2029 Senior Notes

 

 

78.4

 

 

 

78.5

 

 

 

78.5

 

 

 

335.0

 

 

 

—

 

 

 

—

 

 

 

570.4

 

2022 ABL Credit Facility

 

 

—

 

 

 

69.2

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

69.2

 

Equify Notes (1)

 

 

5.0

 

 

 

3.3

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

8.3

 

Finance lease obligations

 

 

2.0

 

 

 

1.8

 

 

 

0.3

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

4.1

 

Other

 

 

8.7

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

8.7

 

ProFrac Holding Corp. principal amount

 

 

94.1

 

 

 

152.8

 

 

 

78.8

 

 

 

335.0

 

 

 

—

 

 

 

—

 

 

 

660.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Alpine Subsidiary:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Alpine 2023 Term Loan

 

 

45.0

 

 

 

60.0

 

 

 

60.0

 

 

 

155.0

 

 

 

—

 

 

 

—

 

 

 

320.0

 

Other

 

 

0.5

 

 

 

0.4

 

 

 

0.1

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1.0

 

Finance lease obligations

 

 

3.0

 

 

 

0.9

 

 

 

0.2

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

4.1

 

Alpine principal amount

 

 

48.5

 

 

 

61.3

 

 

 

60.3

 

 

 

155.0

 

 

 

—

 

 

 

—

 

 

 

325.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Flotek Subsidiary:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Flotek ABL credit facility

 

 

3.3

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

3.3

 

Finance lease obligations

 

 

0.2

 

 

 

0.2

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

0.4

 

Flotek PWRtek Note (1)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

40.0

 

 

 

—

 

 

 

40.0

 

Flotek principal amount

 

 

3.5

 

 

 

0.2

 

 

 

—

 

 

 

—

 

 

 

40.0

 

 

 

—

 

 

 

43.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Subsidiaries:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revolving credit facility

 

 

2.9

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

2.9

 

Finance lease obligations

 

 

0.3

 

 

 

0.3

 

 

 

0.3

 

 

 

0.3

 

 

 

0.4

 

 

 

4.6

 

 

 

6.2

 

Other

 

 

0.4

 

 

 

0.4

 

 

 

0.5

 

 

 

0.5

 

 

 

0.5

 

 

 

7.2

 

 

 

9.5

 

Other subsidiaries principal amount

 

 

3.6

 

 

 

0.7

 

 

 

0.8

 

 

 

0.8

 

 

 

0.9

 

 

 

11.8

 

 

 

18.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total principal amount

 

$

149.7

 

 

$

215.0

 

 

$

139.9

 

 

$

490.8

 

 

$

40.9

 

 

$

11.8

 

 

$

1,048.1

 

(1) Related party debt agreements