Calfrac Well Services Ltd. (T:CFW*CA)

Business Focus: Oil Related Services

Sector:  Energy Industry:  Oil Related Services and Equipment
See Regulatory Filings on SEDAR
Company Contact
Address: 411 8 Ave SW
Tel: 1-866-7703722
IR: See website
Key People
Ronald P. Mathison
Independent Chairman of the Board
Mark H. Rosenberg
Vice President - Operations, United States Division
J. Fernando Aguilar
President, Chief Executive Officer, Director
Douglas R. Ramsay
Independent Vice Chairman of the Board
Michael D. Olinek
Chief Financial Officer
Tom J. Medvedic
President - Canadian Division
Robert L. Sutherland
President - Russian Division
Fred L. Toney
President - U.S. Division
Lindsay R. Link
Chief Operating Officer
Gordon T. Milgate
Vice President - Operations, Canadian Division
Business Overview
Calfrac Well Services Ltd. is a provider of specialized oilfield services. The Company operates through four geographical segments: Canada, the United States, Russia and Latin America. Its services include hydraulic fracturing, coiled tubing, cementing and other well stimulation services. The Canadian segment provides fracturing and coiled tubing services to oil and natural gas exploration and production companies in Alberta, northeast British Columbia, Saskatchewan and southwest Manitoba. The United States segment provides pressure pumping services in Arkansas, Colorado, North Dakota, Pennsylvania and Texas. The Russian segment provides fracturing and coiled tubing services in Western Siberia. The Latin America segment provides pressure pumping services from operating bases in Argentina, Mexico and Colombia. In Argentina, the Company provides fracturing, cementing and coiled tubing services to oil and natural gas companies operating in the Neuquen, Las Heras and Comodoro regions.
Financial Overview
For the three months ended 31 March 2019, Calfrac Well Services Ltd revenues decreased 19% to C$475M. Net loss totaled C$36.3M vs. income of C$3.2M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Canada segment income decrease of 57% to C$13.7M, United States segment income decrease of 29% to C$37.7M, Russia segment loss increase from C$958K to C$2.8M.
Employees: 3,900 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $1,272M as of Mar 31, 2019
Annual revenue (TTM): $2,149M as of Mar 31, 2019
EBITDA (TTM): $288.71M as of Mar 31, 2019
Net annual income (TTM): -$57.76M as of Mar 31, 2019
Free cash flow (TTM): $121.94M as of Mar 31, 2019
Net Debt Last Fiscal Year: $931.28M as of Mar 31, 2019
Shares outstanding: 144,586,072 as of May 3, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization