Calfrac Well Services Ltd. (T:CFW)
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 six months ended 30 June 2023, Calfrac Well Services Ltd revenues increased 57% to C$959.8M. Net income before extraordinary items totaled C$86.8M vs. loss of C$24.8M. Revenues reflect Argentina segment increase of 58% to C$170.4M, Argentina segment increase of 58% to C$170.4M. Net Income reflects G/L on Sale of Tangible & Intangible FA decrease from C$4.8M (expense) to C$5M (income), Interest decrease of 24% to C$15.8M (expense). |
| Employees: | 2,270 as of Dec 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $784.50M as of Jun 30, 2023 |
| Annual revenue (TTM): | $1,846M as of Jun 30, 2023 |
| EBITDA (TTM): | $341.68M as of Jun 30, 2023 |
| Net annual income (TTM): | $146.95M as of Jun 30, 2023 |
| Free cash flow (TTM): | $10.65M as of Jun 30, 2023 |
| Net Debt Last Fiscal Year: | $354.68M as of Jun 30, 2023 |
| Shares outstanding: | 80,976,802 as of Sep 12, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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