ProFrac Holding Corp..
ACDC.US | Support activities for petroleum and natural gas extraction
ProFrac Holding Corp. is a growth-oriented, vertically integrated and innovation-driven energy services company providing hydraulic fracturing, completion services, and other related services to leading upstream oil and gas companies engaged in the exploration and production of North American unconv...Show More
Better Health for All
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ProFrac Holding Corp.'s core business of hydraulic fracturing and related services causes severe, widespread negative health impacts, accounting for 100% of its revenue. These services are associated with significant health-harming externalities. While the company has made substantial efforts to mitigate air pollution, such as investing in electric fracturing technology, these efforts are considered partial remediation for the broader health externalities of hydraulic fracturing. The electric fleets have the potential for zero emissions when connected to grid power
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and can reduce CO2e emissions by up to 60% and NOx emissions by up to 89% when flaring
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. In 2022, the company displaced over 25.5 million diesel gallons
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, established 17 next-generation Tier IV frac fleets
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, and delivered 9 electric frac fleets
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. Despite these efforts, significant health-harming externalities from the broader hydraulic fracturing operations likely persist.
Fair Money & Economic Opportunity
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ProFrac Holding Corp. is an energy services company providing hydraulic fracturing and related services to upstream oil and gas companies
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. The company does not offer lending, insurance, money movement, or deposit services to consumers. Therefore, all Key Performance Indicators (KPIs) related to fair money and economic opportunity, which are designed for financial institutions and their consumer-facing financial products, are not applicable to ProFrac Holding Corp.
Fair Pay & Worker Respect
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ProFrac Holding Corp. reported a recordable occupational injury rate (TRIR) of 0.28 per 200,000 hours for the year ended December 31, 2024, including manufacturing operations.
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The CEO to median employee pay ratio for 2023 was 9:1, with the CEO's total compensation at $889,152 and the median employee pay at $95,389.
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However, as of December 31, 2024, none of the company's 3,077 employees were represented by labor unions or subject to collective bargaining agreements.
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Employee engagement, based on 123 Glassdoor reviews, was rated at 2.5 out of 5 stars (50/100).
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The company offers health and welfare plans, including medical, dental, life, accidental death and dismemberment, and disability insurance.
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No specific coverage percentage is provided. No quantitative data is available for living wage coverage, pay equity ratio, voluntary employee turnover, insecure contract share, or substantiated labor law violations.
Fair Trade & Ethical Sourcing
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The provided articles do not contain specific data for ACDC.US regarding fair trade certifications, audit frequency, forced or child labor incidents, supply chain traceability, remediation speed, ethical clause coverage in supplier contracts, materials risk index, or supplier diversity spend. Therefore, an assessment against these KPIs cannot be made for ACDC.US based on the available evidence.
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Honest & Fair Business
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The Wilks Parties control 87.2% of the company's voting power, and the risk factors section discusses potential conflicts of interest with them, indicating pervasive related-party ties.
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No specific percentage of conflict-free board members is provided.
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While a Code of Business Conduct, including a Code of Ethics for Senior Executive Officers, is in place, specific details regarding its whistleblower protection policy, such as hotline statistics or independent investigation processes, are not provided.
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Similarly, specific details about the anti-corruption and anti-bribery policies within the Code of Business Conduct are not provided.
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On the positive side, the company has not reported any ethics-related regulatory fines in the past three years
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and has not mentioned any financial restatements over the past five years.
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However, no scores from recognized transparency benchmarks or ESG controversy indexes are available.
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While independent audits of consolidated financial statements are performed by Grant Thornton LLP and KPMG LLP,
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the specific percentage of revenue, assets, or subsidiaries covered is not provided,
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nor is there information on the extent of independent verification of ethical claims.
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Data on median complaint resolution times is also not available.
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Kind to Animals
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ProFrac Holding Corp. is an energy services company providing hydraulic fracturing, completion services, and manufacturing equipment. The provided articles do not contain any information indicating the company is involved in activities related to animal welfare, such as animal testing, the use of animal-derived ingredients, or animal agriculture. Therefore, the relevant KPIs are assessed as N/A. No information was found regarding wildlife conservation initiatives or their measurable impact.
No War, No Weapons
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The provided articles do not contain any information relevant to the 'No War, No Weapons' ethical value. The articles discuss financial actions
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, general ESG risk ratings within the energy services industry
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, and environmental sustainability initiatives related to reducing carbon footprint and improving fleet efficiency
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. The ESG Risk Rating is 33.6 (High).
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The company's Industry Rank is 85 out of 97.
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The Global Universe Rank is 11455 out of 14702.
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Yinson Holdings Bhd. has a peer ESG Risk Rating of 14.4 (Low).
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Aker Solutions ASA has a peer ESG Risk Rating of 19.4 (Low).
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Dalipal Holdings Ltd. has a peer ESG Risk Rating of 28.3 (Medium).
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Solaris Energy Infrastructure, Inc. has a peer ESG Risk Rating of 30.3 (High).
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There is no data presented regarding arms contracts, dual-use technology, sales to embargoed regimes, peacebuilding investments, conflict divestment policies, board oversight of defense, export certifications, lobbying on arms control, humanitarian procurement, human rights due diligence in conflict areas, Arms Trade Treaty compliance, AI military safeguards, UN Guiding Principles alignment, dual-use item screening, surveillance contracts, ethical red lines, exposure to controversial weapons, war-related supply chain risk audits, annual conflict partner reviews, defense divestment, conflict minerals, peace technology investment, or procurement from conflict-affected areas.
Planet-Friendly Business
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The company's electric frac fleet, including 25 advanced 3,000 HHP single E-Pumps, is powered by 100% natural gas-powered turbine generators.
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Natural gas is a fossil fuel, indicating that 0% of operational energy consumption is sourced from renewables.
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Respect for Cultures & Communities
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The provided articles, including financial reports and an employee review, offer no specific information regarding the company's engagement with indigenous or local communities, cultural sensitivity, or respect for cultures and communities
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,
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,
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. All articles explicitly state a lack of data on these topics, indicating significant information gaps for all relevant KPIs
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,
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,
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.
Safe & Smart Tech
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No regulatory actions, violations, fines, or compliance issues are mentioned for ACDC.US in the provided articles
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. No other information regarding the company's data protection, cybersecurity, responsible AI, privacy practices, or digital rights stewardship is available.
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Zero Waste & Sustainable Products
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No formal waste reduction targets with specific timelines are mentioned.
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The company does not provide information to customers on proper product disposal or recycling options.
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While ProFrac expects its suppliers to uphold similar standards of integrity, no specific waste reduction or recyclability requirements for suppliers are detailed.
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The company has procedures and safety standards for handling, disposing, and transporting hazardous materials, and employees are expected to take remediation measures to minimize environmental impact.
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No waste disposal violations or citations are reported in the provided documents.
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