Image source: The Motley Fool. Thursday, March 12, 2026 at 11 a.m. ET CALL PARTICIPANTS Executive Chairman — Matthew D. Wilks Chief Executive Officer — Ladd Wilks Chief Financial Officer — Austin Harbour Director of Investor Relations — Michael Messina TAKEAWAYS Adjusted EBITDA -- $61,000,000 in the quarter, up 49% sequentially, with margin rising to 14% from 10%. -- $61,000,000 in the quarter, up...
Image source: The Motley Fool. Thursday, March 12, 2026 at 11 a.m. ET CALL PARTICIPANTS Executive Chairman — Matthew D. Wilks Chief Executive Officer — Ladd Wilks Chief Financial Officer — Austin Harbour Director of Investor Relations — Michael Messina TAKEAWAYS Adjusted EBITDA -- $61,000,000 in the quarter, up 49% sequentially, with margin rising to 14% from 10%. -- $61,000,000 in the quarter, up 49% sequentially, with margin rising to 14% from 10%. Consolidated Revenue -- $437,000,000, an increase from $403,000,000 in the prior quarter. -- $437,000,000, an increase from $403,000,000 in the prior quarter. Free Cash Flow -- $14,000,000 generated, reversing negative $29,000,000 in the prior quarter. -- $14,000,000 generated, reversing negative $29,000,000 in the prior quarter. Annualized Cost Savings -- $100,000,000 plan ahead of schedule, with labor reductions fully implemented and CapEx efficiency tracking at high end of $20,000,000 to $30,000,000 target. -- $100,000,000 plan ahead of schedule, with labor reductions fully implemented and CapEx efficiency tracking at high end of $20,000,000 to $30,000,000 target. Stimulation Services Segment -- Revenue of $384,000,000 and adjusted EBITDA of $33,000,000, both increasing sequentially; fleet utilization improved and margins rose to 8.7% from 5.7%. -- Revenue of $384,000,000 and adjusted EBITDA of $33,000,000, both increasing sequentially; fleet utilization improved and margins rose to 8.7% from 5.7%. Proppant Production Segment -- Revenue of $115,000,000, up approximately 50% sequentially, with EBITDA doubling to $16,000,000 on volumes above 2,000,000 tons; 43% of volumes sold to third parties. -- Revenue of $115,000,000, up approximately 50% sequentially, with EBITDA doubling to $16,000,000 on volumes above 2,000,000 tons; 43% of volumes sold to third parties. Manufacturing Segment -- Revenue declined to $43,000,000 from $48,000,000 sequentially; EBITDA flat at $4,000,000 with 18% of segment sales to third parties. --...