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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 Reductions To Its 2020 Capital Program And Reduced Operating Footprint
Saturday, 28 Mar 2020 

March 27 (Reuters) - Calfrac Well Services Ltd ::CALFRAC ANNOUNCES REDUCTIONS TO ITS 2020 CAPITAL PROGRAM AND REDUCED OPERATING FOOTPRINT.CALFRAC WELL SERVICES LTD - REDUCED NUMBER OF CREWS BEING DEPLOYED IN ITS NORTH AMERICAN OPERATIONS FROM 19 FLEETS TO NINE.CALFRAC WELL SERVICES - APPROVED A REDUCTION OF PREVIOUSLY ANNOUNCED 2020 CAPITAL PROGRAM OF APPROXIMATELY $100.5 MILLION DOWN TO APPROXIMATELY $55.0 MILLION.CALFRAC WELL SERVICES LTD - AGGREGATE REDUCTION OF ABOUT 40% OF NORTH AMERICAN WORKFORCE.CALFRAC WELL SERVICES LTD - REDUCED EXECUTIVE OFFICER SALARIES BY 10%.CALFRAC WELL SERVICES - ELIMINATED RETIREMENT SAVINGS MATCHING CONTRIBUTIONS, WHICH PREVIOUSLY REPRESENTED UP TO 6% OF BASE SALARY.CALFRAC WELL SERVICES LTD - REDUCED STAFF EMPLOYEE SALARIES BY 5 - 10%.CALFRAC WELL SERVICES LTD - REDUCED OR ELIMINATED SEVERAL COMPENSATION PROGRAMS AND BONUSES.  Full Article

Calfrac Reports Q4 Loss Per Share Of C$0.34
Thursday, 5 Mar 2020 

March 5 (Reuters) - Calfrac Well Services Ltd ::CALFRAC ANNOUNCES FOURTH QUARTER RESULTS.Q4 REVENUE C$317.1 MILLION VERSUS REFINITIV IBES ESTIMATE OF C$326.1 MILLION.Q4 LOSS PER SHARE C$0.34.Q4 EARNINGS PER SHARE ESTIMATE C$-0.33 -- REFINITIV IBES DATA.QTRLY FRACTURING JOB COUNT DECREASED BY 16 PERCENT.Q4 OPERATING RESULTS IMPACTED BY BUDGET EXHAUSTION BY CUSTOMERS IN CANADA, U.S..Q4 OPERATING RESULTS ALSO IMPACTED BY ONSET OF WINTER CONDITIONS IN RUSSIA.  Full Article

Calfrac Announces Early Tender Results
Monday, 10 Feb 2020 

Feb 10 (Reuters) - Calfrac Well Services Ltd ::CALFRAC ANNOUNCES EARLY TENDER RESULTS, UPSIZING AND OVERSUBSCRIPTION OF EXCHANGE OFFER FOR ITS 8.500% SENIOR UNSECURED NOTES DUE 2026.  Full Article

Calfrac Announces Third Quarter Results And Reduced Capital Budget
Thursday, 31 Oct 2019 

Oct 31 (Reuters) - Calfrac Well Services Ltd ::CALFRAC ANNOUNCES THIRD QUARTER RESULTS AND REDUCED CAPITAL BUDGET.Q3 REVENUE C$399.2 MILLION VERSUS REFINITIV IBES ESTIMATE OF C$476.2 MILLION.Q3 LOSS PER SHARE C$0.20.Q3 EARNINGS PER SHARE ESTIMATE C$-0.15 -- REFINITIV IBES DATA.  Full Article

Calfrac Announces 2019 Second Quarter Results
Thursday, 1 Aug 2019 

Aug 1 (Reuters) - Calfrac Well Services Ltd ::CALFRAC ANNOUNCES 2019 SECOND QUARTER RESULTS.Q2 REVENUE C$429.6 MILLION VERSUS REFINITIV IBES ESTIMATE OF C$452.7 MILLION.Q2 LOSS PER SHARE C$0.28.Q2 EARNINGS PER SHARE ESTIMATE C$-0.17 -- REFINITIV IBES DATA."MARKET CONDITIONS IN NORTH AMERICA REMAIN CHALLENGING".EXPECTS TO HAVE ADEQUATE RESOURCES TO FUND ITS FINANCIAL OBLIGATIONS AND PLANNED CAPITAL EXPENDITURES FOR 2019 AND BEYOND.AT JUNE 30, 2019, COMPANY HAD CASH AND CASH EQUIVALENTS OF $41.2 MILLION..  Full Article

Calfrac Says President And Chief Executive Officer Fernando Aguilar To Retire
Monday, 10 Jun 2019 

June 10 (Reuters) - Calfrac Well Services Ltd ::CALFRAC ANNOUNCES CEO RETIREMENT AND NEW SENIOR MANAGEMENT APPOINTMENTS.FERNANDO AGUILAR, CALFRAC'S PRESIDENT AND CHIEF EXECUTIVE OFFICER, WILL BE RETIRING FROM COMPANY..SAYS RONALD P. MATHISON APPOINTED CHAIRMAN OF THE BOARD.GREG FLETCHER HAS BEEN APPOINTED TO SERVE AS CALFRAC'S INDEPENDENT LEAD DIRECTOR..LINDSAY LINK, CALFRAC'S CHIEF OPERATING OFFICER, HAS BEEN PROMOTED TO PRESIDENT AND CHIEF OPERATING OFFICER.  Full Article

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

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