Canada · Delayed Price · Currency is CAD Calfrac Well Services Earnings Call Transcripts
Fiscal Year 2024
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Q4 2024 saw a 10% revenue decline and a net loss, impacted by lower U.S. activity, asset write-offs, and one-time depreciation. Argentina delivered record results, and 2025 guidance anticipates stable North American activity, continued fleet modernization, and strong growth in Argentina.
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Q3 2024 saw stable results as Argentina's record profitability offset North American declines. Revenue and EBITDA fell year-over-year, but fleet modernization and leadership changes position the company for improved performance in 2025.
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Q2 2024 revenue declined year-over-year but rose sequentially, with strong operational execution and record-setting activity in Canada and Argentina. Capital spending focused on fleet modernization and Argentina expansion, with full-year CapEx guidance at CAD 200 million.