Shares of ProFrac Holding Corp. (NASDAQ: ACDC) are soaring 9.65% in pre-market trading on Wednesday following the release of the company's impressive first-quarter 2025 financial results and a positive outlook for the gas market.

The oilfield services company reported a significant 32% increase in total revenue to $600.3 million for Q1 2025, surpassing analyst estimates of $502.39 million by 19.49%. This strong top-line growth was accompanied by a substantial improvement in profitability, with the net loss narrowing to $15 million from $102 million in the fourth quarter of 2024. Adjusted EBITDA also showed remarkable growth, rising to $130 million or 22% of revenue, compared to $71 million or 16% of revenue in the previous quarter.

ProFrac's Executive Chairman, Matt Wilks, highlighted the company's strong operational performance, citing new efficiency records in pump hours and average pump hours per fleet. This improvement is attributed to the company's asset management program and execution in the field. Despite facing some headwinds from tariff-induced uncertainty and OPEC+'s production increase, which have clouded the forward outlook, ProFrac remains optimistic about the gas market dynamics. The company reported continued inbound requests for its services in the second half of 2025 and early 2026, indicating a positive trend in the gas sector.

Investors are likely responding positively to ProFrac's ability to navigate market uncertainties while demonstrating strong operational efficiency and financial improvement. The company's success in increasing revenue and reducing losses, coupled with a favorable outlook for the gas market, appears to be driving the significant pre-market stock price surge.