Calfrac: Michael Olinek Appointed CFO, Further Head Count Reductions in North America
Calfrac Well Services Ltd. announced today that in connection with the previously announced retirement of Michael J. (Mick) McNulty, Michael Olinek will assume the role of Interim Chief Financial Officer of Calfrac effective March 4, 2016. Mr. Olinek joined Calfrac as Corporate Controller in August of 2006, and has served …
Calfrac: Announces Dividend and Suspension of Dividend Reinvestment Plan
Calfrac Well Services Ltd. announces that its Board of Directors has declared a dividend pursuant to its quarterly dividend policy. The dividend of $0.015625 per common share will be paid on October 15, 2015 to shareholders of record on October 5, 2015. The 75% decrease in Calfrac’s upcoming dividend reflects …
Calfrac Well Services Ltd Announces it’s Financial and Operating Results for the Three and Six Months Ended June 30, 2015
HIGHLIGHTS Three Months Ended June 30, Six Months Ended June 30, 2015 2014 Change 2015 2014 Change (C$000s, except per share and unit data) ($) ($) (%) ($) ($) (%) (unaudited) Financial Revenue 319,553 502,957 (36) 919,936 1,050,595 (12) Operating income (loss)(1) (7,022) 44,833 (116) 20,822 108,950 (81) Per share …
Calfrac Well Services: Pays $0.125 usd Quarterly Dividend
Calfrac Well Services Ltd is pleased to announce that its Board of Directors has declared a dividend pursuant to its quarterly dividend policy. The dividend of $0.125 per common share will be paid on January 15, 2015 to shareholders of record on December 31, 2014. Calfrac is continuing to evaluate its …
Calfrac: Q1 Results – Russian Focus
In Russia, Calfrac‘s operating income margins decreased to 2 percent from 5 percent year-over-year as a result of abnormal weather conditions. During the first quarter of 2014, the Company’s revenue from Russian operations increased by 5 percent to$38.9 million from $37.2 million in the corresponding three-month period of 2013. The increase in revenue was …
Calfrac Announces Fourth Quarter Results
Calfrac Well Services Ltd. announces its financial and operating results for the three months and year ended December 31, 2013. CEO’s MESSAGE I am pleased to present Calfrac’s operating and financial highlights for 2013 and to discuss our prospects for 2014. During the fourth quarter, our Company: completed the acquisition …
Calfrac Well Services Announces Dividend
Calfrac Well Services Ltd. is pleased to announce that its Board of Directors has declared a dividend pursuant to its quarterly dividend policy. The dividend of $0.25 per common share will be paid on April 15, 2014 to shareholders of record on March 31, 2014. Calfrac’s Board of Directors has …