ProFrac Holding Corp.

ProFrac Holding Corp. is a technology-focused, vertically integrated energy services holding company that provides hydraulic fracturing, proppant production, other completion services, and complementary products and services, including distributed power generation. The company serves leading upstream oil and natural gas companies involved in the exploration and production (E&P) of North American unconventional oil and natural gas resources throughout the United States. Founded in 2016, ProFrac aims to be a primary service provider for E&P companies' hydraulic fracturing needs. ProFrac Corp. operates through four business segments: Stimulation Services, Proppant Production, Manufacturing, and Flotek Industries, Inc. The company's business model emphasizes vertical integration, technological innovation, and acquiring assets and businesses to expand capabilities. This approach, combined with technical expertise and the ability to design and manufacture equipment and produce proppant, allows ProFrac to customize products and services for customers. A "fleet" or "frac fleet" refers to the pumping units, truck tractors, data trucks, storage tanks, chemical additive and hydration units, blenders, and other equipment, including back-up pumping capacity, necessary for well stimulation services. ProFrac's operations are concentrated in the most active unconventional regions in the United States, where it maintains established customer relationships with leading E&P companies.