Adjusted EBITDA margin increased to 14% from 12%, according to Chief Financial Officer Austin Harbour. “I have complete confidence that he will take ProFrac to new heights,” Ladd Wilks said of Matt Wilks. Segment adjusted EBITDA increased to $39 million from $32 million, and margin improved to 9% from 8%. Segment adjusted EBITDA was $6 million, broadly flat sequentially, while adjusted EBITDA margin remained 5%. ProFrac reaffirmed expected 2026 capital expenditures of $155 million to $185 million including Flotek, or $145 million to $175 million excluding Flotek.