Calfrac Q1 FY26 net income rises to C$ 18.88 million; revenue falls to C$ 305.37 million

  • Calfrac Well Services posted net income of C$ 18.88 million, up from C$ 5.62 million a year earlier, with basic earnings per share of C$ 0.19 versus C$ 0.07.
  • Revenue fell to C$ 305.37 million from C$ 370.06 million, while gross profit declined to C$ 32.26 million from C$ 39.48 million.
  • Interest, net narrowed to C$ 3.22 million from C$ 7.94 million, while foreign exchange swung to a gain of C$ 2.67 million from a loss of C$ 1.69 million.
  • Cash flow from operating activities rose to C$ 47.47 million from C$ 3.18 million, while cash and cash equivalents ended at C$ 1.4 million.
  • Subsequent to quarter-end, credit facilities were amended effective May 8, 2026, cutting total capacity to C$ 320 million from C$ 370 million and lowering the variable pricing grid.


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