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Calfrac Well Services Ltd (CFW.TO)

CFW.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Calfrac Announces $650 Mln Offering Of Senior Notes, Accordion Exercise And Intention To Repay Second Lien Term Loan
Wednesday, 9 May 2018 07:34am EDT 

May 9 (Reuters) - Calfrac Well Services Ltd ::CALFRAC ANNOUNCES US$650 MILLION OFFERING OF SENIOR NOTES, ACCORDION EXERCISE AND INTENTION TO REPAY SECOND LIEN TERM LOAN.CALFRAC WELL SERVICES - UNIT INTENDS TO OFFER UP TO US$650 MILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES DUE 2026 ISSUED UNDER NEW INDENTURE.CALFRAC WELL SERVICES - UNIT INTENDS TO USE PORTION OF PROCEEDS TO FUND TENDER OFFER TO BUY FOR CASH UPTO ALL OUTSTANDING 7.50% SENIOR NOTES DUE 2020.CALFRAC WELL SERVICES - ENTERED INTO AGREEMENT TO AMEND ITS CREDIT FACILITIES TO EXERCISE C$100 MILLION OF ACCORDION CAPACITY UNDER CREDIT FACILITIES.  Full Article

Calfrac Announces Q4 Earnings Per Share C$0.26 Including Items
Thursday, 1 Mar 2018 06:00am EST 

March 1 (Reuters) - Calfrac Well Services Ltd ::CALFRAC ANNOUNCES FOURTH QUARTER RESULTS.Q4 REVENUE ROSE 152 PERCENT TO C$485.5 MILLION.Q4 EARNINGS PER SHARE C$0.26 INCLUDING ITEMS.QTRLY OPERATING EARNINGS PER SHARE $0.31.Q4 REVENUE VIEW C$431.7 MILLION -- THOMSON REUTERS I/B/E/S.CALFRAC WELL SERVICES - ISSUES RELATING TO SAND LOGISTICS HAVE NOT IMPACTED CO'S CANADIAN OPERATIONS TO DATE IN Q1.CALFRAC WELL SERVICES - U.S. OPERATIONS NEARLY FULLY REACTIVATED & CO EXPECTS TO HAVE 16 FLEETS DEPLOYED BY Q2-END.‍SAND SUPPLY AND DELIVERY ISSUES "HAVE BEEN MORE CHALLENGING" IN UNITED STATES DURING Q1​.CALFRAC WELL SERVICES - EXPECTS FINANCIAL PERFORMANCE IN RUSSIA DURING 2018 WILL BE RELATIVELY CONSISTENT WITH 2017.‍DOES NOT EXPECT SAND SUPPLY AND DELIVERY ISSUES IN U.S. TO BE FULLY RESOLVED UNTIL Q2​.CALFRAC WELL SERVICES - DUE TO REDUCED ACTIVITY LEVELS, CO HAS CEASED ALL OPERATIONS IN MEXICO.CALFRAC WELL SERVICES - REDEPLOYED IDLE ASSETS FROM MEXICO TO OPERATIONS IN THE U.S..  Full Article

Calfrac says Q3 earnings per share C$0.06
Thursday, 26 Oct 2017 06:00am EDT 

Oct 26 (Reuters) - Calfrac Well Services Ltd -:Calfrac announces third quarter results and update on 2017 capital program.Q3 revenue C$448.1 million versus I/B/E/S view C$387.5 million.Q3 earnings per share C$0.06.Q3 earnings per share view C$-0.00 -- Thomson Reuters I/B/E/S.Company is announcing a further increase in its 2017 capital budget from $65.0 million to $95.0 million​.Calfrac Well Services- ‍incremental capital expenditures to largely focus on maintenance capital for a larger fleet of equipment operating in North America​.Calfrac Well Services- ‍for rest of 2017, sees further reactivations to occur in North America although pace of pricing gains is anticipated to slow​.‍Company plans to deploy an incremental Montney-focused fracturing fleet in Canada early in Q1 of 2018​.: all figures in C$‍​.  Full Article

Calfrac announces extension and amendment of credit facilities
Thursday, 28 Sep 2017 06:00am EDT 

Sept 28 (Reuters) - Calfrac Well Services Ltd :Calfrac announces extension and amendment of credit facilities.Calfrac Well Services Ltd - extension of maturity date from September 27, 2018 to June 1, 2020.Calfrac Well Services Ltd -as per amendment ‍voluntary reduction in credit facilities from $300 million to $275 million​.Calfrac Well Services Ltd -as per amendment, ‍reduction in maximum funded debt-to-ebitda ratio to 3.0x​.  Full Article

Calfrac posts Q1 loss per share C$0.14
Wednesday, 26 Apr 2017 06:00am EDT 

April 26 (Reuters) - Calfrac Well Services Ltd :Calfrac announces first quarter results and update on 2017 capital program.Q1 revenue C$268.8 million versus I/B/E/S view c$239.2 million.Q1 loss per share C$0.14.Q1 earnings per share view c$-0.26 -- Thomson Reuters I/B/E/S.Calfrac Well Services Ltd - continues to evaluate opportunities to reactivate additional equipment in Canada throughout summer.Calfrac Well Services Ltd - is in final stages of reactivating two incremental fleets in colorado with contributions expected for at least half of q2.Calfrac Well Services - continues to engage with clients in existing, legacy operating areas as well as in areas where company has no operating history.Calfrac Well Services Ltd - "outlook for company's operations in Canada remains positive".Calfrac Well Services Ltd - "in Mexico, business environment remains challenging with very limited onshore pressure pumping activity".Calfrac Well Services - will continue to evaluate market while maintaining a small scale operating presence with a minimal cost structure in Mexico.Calfrac Well Services Ltd - announcing an increase in its 2017 capital budget from $25.0 million to $45.0 million.  Full Article

Calfrac Well Services Q4 loss per share C$0.51
Thursday, 23 Feb 2017 06:00am EST 

Calfrac Well Services Ltd : Qtrly revenue for canadian operations was $72.3 million, down 41 percent . Calfrac announces fourth quarter results . Q4 revenue c$192.8 million versus i/b/e/s view c$195.1 million . Q4 loss per share c$0.51 . Q4 earnings per share view c$-0.32 -- Thomson Reuters I/B/E/S . Calfrac well services ltd says u.s. Land rig count fell to 380 rigs while canadian rig count dropped to as low as 34 rigs in 2016 . Calfrac well services - expects first half of 2017 to be transition period as pressure pumping industry begins to recover in canada and united states .Calfrac well services ltd - michael olinek has been appointed cfo, was interim cfo since march 2016.  Full Article