)
Calfrac Well Services (CFW) investor relations material
Calfrac Well Services Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Entered 2026 with improved financial and operational strength, focusing on safety, operational excellence, and disciplined optimization.
Completed fleet modernization in North America and expanded presence in Argentina's Vaca Muerta shale play.
Leadership transition with new CEO in February 2026, emphasizing data-driven strategy.
Financial highlights
Q4 2025 revenue was $292.2M, down 23% year-over-year, mainly due to lower activity in Argentina.
Adjusted EBITDA for Q4 2025 rose to $43.9M from $34.5M in Q4 2024, driven by North American operations.
Net income for Q4 2025 was $14.5M, reversing a net loss of $6.4M in Q4 2024.
Full-year 2025 revenue was $1.39B, down 11% from 2024; net income was $41.9M, up from $8.5M.
Cash flows from operating activities in Q4 2025 were $98.8M, up from $91.0M year-over-year.
Outlook and guidance
North American outlook remains constructive, expecting modest increases in Canadian pressure pumping and moderate oil-directed activity in 2026.
Argentina segment anticipates strong utilization of two large fracturing fleets in Vaca Muerta and continued cash repatriation to reduce leverage.
Board approved a 2026 capital budget of $75M, with an additional $10M in carryover capital expenditures.
- Q2 2024 saw sequential revenue growth, record operations, and major capital investment in Argentina.CFW
Q2 20242 Feb 2026 - Argentina's record Q3 profit offset North American softness; modernization and growth continue.CFW
Q3 202416 Jan 2026 - Q4 revenue and EBITDA fell, but Argentina growth and 2025 capital plans support a stable outlook.CFW
Q4 202424 Dec 2025 - Q3 2025 delivered higher net income and cash flow, with major debt reduction and a $35M rights offering.CFW
Q3 202520 Nov 2025 - Strong Q2 EBITDA and cash flow driven by Argentina growth, with focus on debt reduction.CFW
Q2 202519 Aug 2025 - Record Argentina performance drove Calfrac's Q1 2025 revenue and profit growth.CFW
Q1 20256 Jun 2025
Next Calfrac Well Services earnings date
Next Calfrac Well Services earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Explore our global coverage
)
)