EarningsQ4 2024 Earnings Report

Calfrac Well Services (5CFA) Q4 2024 Earnings Report

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Previous Report: Q3 2024

Next Report: Q1 2025

DE:5CFA Q4 2024 EPS Results

Actual EPS-€0.04

Consensus EPS-€0.01

Beat/MissMissed by -€0.03

One Year Ago EPS€0.09

DE:5CFA Q4 2024 Revenue Results

Actual Revenue€243.43M

Expected Revenue€246.26M

Beat/MissMissed by -€2.83M

YoY Revenue Growth-9.53%

Earnings Announcement Details

QuarterQ4 2024

Date03/13/2025

TimeBefore Open

Conference CallThursday, March 13, 2025

DE:5CFA Upcoming Earnings

Calfrac Well Services's next earnings date is estimated for November 4, 2026, based on past reporting schedules.

Q4 2024 Earnings Call Audio

No earnings call audio is available for this earnings event.

Q4 2024 Earnings Slide Deck

No slide deck is available for this earnings event.

Q4 2024 Earnings Call Summary

Q4 2024

Earnings Call Date:Mar 13, 2025|

% Change Since:

Earnings Call Sentiment|Neutral

The earnings call presented a mixed sentiment. While Calfrac achieved significant safety milestones and expanded operations in Argentina, financial metrics showed notable declines, particularly in North America due to market challenges and asset write-offs. The company's focus on fleet modernization and Argentina's growth prospects offer positive outlooks, but tariff uncertainties and U.S. market pressures pose challenges.

Company Guidance

During the Calfrac Well Services Limited Fourth Quarter 2024 earnings call, the company provided several key metrics and guidance for the future. The fourth quarter revenue from continuing operations was reported at $381.2 million, a 10% decrease compared to the same period in 2023, primarily due to lower activity and pricing in the U.S. Adjusted EBITDA was $34.5 million, marking a 45% decline year-over-year. The company recorded a net loss of $6.4 million, contrasted with a net income of $13.2 million in the previous year, affected by a $12.7 million write-off of obsolete assets and a 12.2 impact on depreciation expense. Calfrac's working capital stood at $273.9 million, including $44 million in cash. The Board approved a capital budget of $135 million for 2025, with $50 million allocated for expansion in Argentina. The company ended the year with a net debt to adjusted EBITDA ratio of 1.57. Looking ahead, Calfrac plans to operate five Tier IV fracturing fleets in North America by the end of the first quarter and continue expanding in Argentina with two large fracturing fleets in the Vaca Muerta shale play. The company remains optimistic about its prospects in 2025, despite challenges such as tariffs affecting input costs and seasonal slowdowns.

Record Safety Performance

Calfrac achieved a new record in safety with a TRIF of 0.92, improved from 1.05 in 2023, demonstrating a strong safety culture.

Fleet Modernization and Expansion

The company ended the year with 66 Tier IV pumps and plans to operate five Tier IV fleets in North America by the end of Q1 2025. Additionally, Calfrac expanded its operations in Argentina, deploying a second large fracturing fleet into the Vaca Muerta shale play earlier than planned.

Argentina Growth Prospects

Record financial results in Argentina were driven by higher fracturing activity, with further expansion planned in the Vaca Muerta shale play, supported by a $50 million capital investment funded locally.

Balance Sheet Strength

Calfrac had $273.9 million in working capital at the end of Q4 2024, including $44 million in cash. The company maintained a net debt to adjusted EBITDA ratio of 1.57 and was compliant with bank covenants.

DE:5CFA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Nov 04, 2026	2026 (Q3)	0.13 / -	0.038	―
Aug 06, 2026	2026 (Q2)	0.15 / 0.20	0.107	91.62% (+0.10)
May 12, 2026	2026 (Q1)	<0.01 / 0.12	0.044	175.36% (+0.08)
Mar 19, 2026	2025 (Q4)	-0.03 / 0.04	-0.044	186.96% (+0.08)
Nov 14, 2025	2025 (Q3)	-0.02 / 0.04	-0.038	200.00% (+0.08)
Aug 08, 2025	2025 (Q2)	0.08 / 0.11	0.169	-36.98% (-0.06)
May 15, 2025	2025 (Q1)	-0.04 / 0.04	-0.013	445.00% (+0.06)
Mar 13, 2025	2024 (Q4)	-0.01 / -0.04	0.087	-150.36% (-0.13)
Nov 06, 2024	2024 (Q3)	0.12 / -0.04	0.607	-106.20% (-0.64)
Aug 01, 2024	2024 (Q2)	0.09 / 0.17	0.382	-55.69% (-0.21)

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