Overview
Calfrac Well Services is a leading independent provider of specialized oilfield services in the US, Canada and Argentina. Based on horsepower, Calfrac is one of the largest hydraulic fracturing companies in the world with a combined fleet of 1.2 million horsepower. North America had 13 fracturing fleets, and also have six active coiled tubing fleets operating in Canada. The company offers services including hydraulic fracturing, coiled tubing, cementing,
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Read More and other well stimulation services designed to help increase the production of oil and natural gas. Calfrac Well Services was founded in 1999.
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Read More and other well stimulation services designed to help increase the production of oil and natural gas. Calfrac Well Services was founded in 1999.
Read Less
George Armoyan
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Support Activities for Mining
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Mining, Quarrying, and Oil and Gas Extraction
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Servicing oil and gas wells
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Actual
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Actual
$1.14 billion
Actual
-15.92%
-94.56%
$1,234
DEC
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Toronto:CFW
Contacts
Get in Touch with 15 Principals* and 120 Contacts
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George ArmoyanMember of the Board of Directors
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Contact 2?
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Financial Statements
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Financial data as of December 31, 2023 (12 month period) in USD
Annual Revenue 2024
$1.14 billion
USD
Actual
1 USD = 1.3736 CAD
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $93 | $205 | $78 |
| Net Investing Cash | -$124 | -$105 | -$54 |
| Net Financing Cash | $32 | -$61 | -$24 |
| Net Change in Cash | $1 | $38 | -$0 |
| Cash at Beginning of Period | $33 | $13 | -$1 |
| Cash at End of Period | $37 | $33 | $13 |
| Capital Expenditure | -$136 | -$123 | -$58 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $32 | $25 | $6 |
| Accounts Receivable | $183 | $177 | $174 |
| Inventories | $106 | $90 | $79 |
| Other Current Assets | $52 | $42 | $42 |
| Asset Summary | |||
| Total Current Assets | $373 | $333 | $302 |
| Tangible Fixed Assets | $505 | $465 | $412 |
| Intangible Assets | $ | $ | $ |
| Total Assets | $1,235 | $1,126 | $996 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $127 | $129 | $125 |
| Short-Term Debt | $109 | $ | $2 |
| Other Current Liabilities | $37 | $23 | $22 |
| Liability Summary | |||
| Total Current Liabilities | $272 | $152 | $148 |
| Long-Term Debt | $124 | $183 | $240 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $423 | $371 | $417 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $664 | $663 | $630 |
| Retained Earnings | -$276 | -$284 | -$423 |
| Equity Summary | |||
| Total Equity | $476 | $448 | $308 |
| Shares Outstanding | 85,869,460 | 85,716,129 | 80,733,504 |