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Calfrac Announces Third Quarter Results and Update on 2018 Capital Program

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Calfrac Announces Third Quarter Results and Update on 2018 Capital Program

Canada NewsWire

CALGARY, Oct. 25, 2018 /CNW/ - Calfrac Well Services Ltd. ("Calfrac" or "the Company") (TSX-CFW) announces its financial and operating results for the three and nine months ended September 30, 2018.

HIGHLIGHTS



Three Months Ended September 30,

Nine Months Ended September 30,



2018

2017

Change

2018

2017

Change

(C$000s, except per share and unit data)


($)

($)

(%)

($)

($)

(%)

(unaudited)








Revenue


630,128

448,090

41

1,757,568

1,042,249

69

Operating income(1)


115,331

78,196

47

249,833

135,331

85

Per share – basic


0.80

0.57

40

1.74

0.99

76

Per share – diluted


0.79

0.57

39

1.70

0.98

73

Adjusted EBITDA(1)


111,631

81,113

38

266,494

142,610

87

Per share – basic


0.77

0.59

31

1.85

1.04

78

Per share – diluted


0.76

0.59

29

1.81

1.03

76

Net income (loss) attributable to the shareholders of Calfrac
before foreign exchange gains or losses(2)


29,741

17,564

69

17,075

(13,826)

NM

Per share – basic


0.21

0.13

62

0.12

(0.10)

NM

Per share – diluted


0.20

0.13

54

0.12

(0.10)

NM

Net income (loss) attributable to the shareholders of Calfrac


14,878

7,822

90

(14,726)

(32,074)

(54)

Per share – basic


0.10

0.06

67

(0.10)

(0.23)

(57)

Per share – diluted


0.10

0.06

67

(0.10)

(0.23)

(57)

Working capital (end of period)





386,843

334,606

16

Total equity (end of period)





516,899

477,188

8

Weighted average common shares outstanding (000s)








Basic


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