• Calfrac published MD&A for Q1 2026, flagging softer activity in North America early in quarter due to extreme cold weather, while prioritizing larger, more complex fracturing projects with fewer crews to lift utilization.
• Argentina operations completed closure of southern base in Comodoro Rivadavia, redeploying equipment to support Vaca Muerta; results reflected normalization of spot pricing versus unusually strong prior-year levels.
• North America outlook called for relatively stable activity entering 2026, with commodity prices moving materially higher following sudden and prolonged closure of Strait of Hormuz, prompting some US customers to reassess completion programs.
• Canada demand response described as more cautious; elevated pricing expected to translate into revised completion plans over time if prices remain higher.
• Argentina outlook remained constructive for remainder of 2026, supported by expanding midstream capacity, improved access to export markets, higher stage counts, increased pumping intensity, and a multi-year fracturing contract with a large independent operator.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Calfrac Well Services Ltd. published the original content used to generate this news brief on May 11, 2026, and is solely responsible for the information contained therein.