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 D. Rosen
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 Troy 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 six months ended 30 June 2019, Calfrac Well Services Ltd revenues decreased 20% to C$904.7M. Net loss increased from C$29.6M to C$77.4M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects United States segment income decrease of 69% to C$37.7M, Canada segment income decrease of 68% to C$13.7M, Russia segment loss increase of 58% to C$2.8M.
Employees: 3,900 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $1,157M as of Jun 30, 2019
Annual revenue (TTM): $2,034M as of Jun 30, 2019
EBITDA (TTM): $265.43M as of Jun 30, 2019
Net annual income (TTM): -$65.96M as of Jun 30, 2019
Free cash flow (TTM): $90.06M as of Jun 30, 2019
Net Debt Last Fiscal Year: $965.16M as of Jun 30, 2019
Shares outstanding: 144,666,072 as of Jul 2, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization