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 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: | $626.88M 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 | |
Disclaimer :: Use of this site is subject to, and your continued use
constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is
strictly prohibited. Canadianinsider.com is operated by INK Research Corp (INK). INK provides general information.
INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion;
however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion
expressed herein is subject to change without notice. Read more...Insider information is based on filings made on the System
for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site
you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other
parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you
acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a
securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for
themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not
assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.
Users should always consult with and obtain advice from their professional licensed financial advisor, including
their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment
or trading securities do so with caution. Users should perform full due diligence and investigate any security
fully before making an investment or before the execution of a security trade based upon information learned
through INK. Investors should obtain annual reports and other company information to complete their own due
diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision
made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this
website. On this site, there may be third party content, content from authors or links to third-party sites or
pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible
for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored
content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored
content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site
or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI®
is a registered trade-mark owned by the Alberta Securities Commission.Read less
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.
Interactive technical study charts by TradingView. Copyright © 2024 INK Research Corp. All rights reserved. All trade-marks or trade names not owned by INK Research Corp. are the property of their respective owners.
