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 fiscal year ended 31 December 2018, Calfrac Well Services Ltd revenues increased 48% to C$2.26B. Net loss before extraordinary items increased from C$2.8M to C$18.2M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Russia segment loss totaling C$445K vs. income of C$13.4M, Corporate Expense/Other segment loss increase of 36% to C$50.1M.
Employees: 3,900 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $1,449M as of Dec 31, 2018
Annual revenue (TTM): $2,256M as of Dec 31, 2018
EBITDA (TTM): $313.96M as of Dec 31, 2018
Net annual income (TTM): -$18.19M as of Dec 31, 2018
Free cash flow (TTM): $27.56M as of Dec 31, 2018
Net Debt Last Fiscal Year: $938.45M as of Dec 31, 2018
Shares outstanding: 144,574,822 as of Mar 11, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization