Calfrac Well Services Ltd. (T:CFW*CA)
Business Focus: Oil Related Services
| Sector: Energy | Industry: Oil Related Services and Equipment |
| Company Contact | |
| Address: | 407 - 8 Avenue SW, Suite 500 CALGARY AB T2P 1E5 |
| Tel: | N/A |
| Website: | https://calfrac.com |
| IR: | See website |
| Key People | ||
| Ronald P. Mathison Chairman of the Board | Jeffrey I. Ellis General Counsel, Company Secretary | Patrick G. Powell Chief Executive Officer, Director |
| Michael D. Olinek Chief Financial Officer | Gordon Troy Milgate President - Canadian Division | Alif H. Noorani Vice President - Finance |
| Mark D. Rosen Vice President - Operations, United States Division | Mark R. Ellingson Vice President - Sales and Marketing, U.S. Division | Brent W. Merchant Vice President - Sales and Marketing, Canada Division | Jon Koop Vice President of Human Resources |
| Business Overview |
| Calfrac Well Services Ltd. is a provider of specialized oilfield services, including hydraulic fracturing, coiled tubing, cementing and other well completion services to the oil and natural gas industries. The Company's segments include North America and Argentina. The Company's principal business is hydraulic fracturing of horizontal and vertical oil and natural gas wells. It provides slickwater solutions for fresh and high TDS brine applications, support for high viscosity friction reducer fracture fluid systems, along with all traditional industry applications of gel based, crosslink and energized fracturing needs. Its fleet under the coiled tubing service includes conventional coiled tubing units paired with high-capacity reel-trailers; mast coiled tubing units; custom-designed coiled tubing strings, and E-coil, among others. It offers primary and remedial cementing services in a variety of wells, such as shallow and deep. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Calfrac Well Services Ltd revenues increased 24% to C$1.86B. Net income before extraordinary items increased from C$35.3M to C$197.6M. Revenues reflect Argentina segment increase of 36% to C$341.9M, Argentina segment increase of 36% to C$341.9M. Net income benefited from Impairment of Fixed Asse decrease from C$64K (expense) to C$41.6M (income). |
| Employees: | 2,435 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $641.21M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1,864M as of Dec 31, 2023 |
| EBITDA (TTM): | $350.23M as of Dec 31, 2023 |
| Net annual income (TTM): | $197.57M as of Dec 31, 2023 |
| Free cash flow (TTM): | $113.00M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $241.07M as of Dec 31, 2023 |
| Shares outstanding: | 85,716,129 as of Jan 10, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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