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Calfrac Well Services (TSE:CFW)
TSX:CFW
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.01Last Year’s EPS
0.14Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: 1.53%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed performance, with notable successes in Argentina and safety improvements, but significant challenges in North America, including revenue decline, lower adjusted EBITDA, and a net loss. The ongoing fleet modernization shows promise for future performance, but current financial metrics indicate a need for cautious optimism.Company Guidance
In the third quarter of 2024, Calfrac Well Services reported revenue from continuing operations at $430.1 million, marking an 11% decline from the previous year, primarily due to reduced activity and pricing in the U.S. The adjusted EBITDA was $65 million, a 29% decrease year-over-year, with North American operations experiencing lower utilization and pricing pressures. Despite a net loss of $6.7 million from continuing operations, down from a $97.5 million net income in the same quarter of 2023, the company maintained working capital of $307.1 million, including $17.7 million in cash. Capital expenditures were significantly reduced to $22.5 million from $50.8 million in the prior year, reflecting a decline in spending on the Tier 4 fleet modernization program. Calfrac aims to achieve a net debt to adjusted EBITDA ratio of 1.62 and anticipates expanding its operations in Argentina with a second large fracturing fleet in the Vaca Muerta play, while expecting North American operations to benefit from increased utilization in the fourth quarter.Argentina Operations Success
The deployment of a second large fracturing fleet in Vaca Muerta and increased utilization of offshore coiled tubing equipment contributed to significant profitability increases in Argentina.
Safety Improvements
The company's trailing 12 months TRIF reduced from 1.14 in 2023 to 0.81 during the third quarter, marking an improvement in safety performance.
Fleet Modernization Progress
Calfrac is transitioning North American fracturing equipment to next-gen technologies, with 60 Tier 4 DGB pumps currently in operation and plans to operate five next-gen fleets by early next year.
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TSE:CFW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:CFW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | C$3.92 | C$3.83 | -2.30% |
| Aug 01, 2024 | C$4.32 | C$4.34 | +0.46% |
| May 07, 2024 | C$4.18 | C$4.06 | -2.87% |
| Mar 14, 2024 | C$4.45 | C$4.20 | -5.62% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Calfrac Well Services (TSE:CFW) report earnings?
Calfrac Well Services (TSE:CFW) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Calfrac Well Services (TSE:CFW) earnings time?
Calfrac Well Services (TSE:CFW) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:CFW EPS forecast?
TSE:CFW EPS forecast for the fiscal quarter 2024 (Q4) is 0.01.
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