April 26, 2017 / 11:13 AM / in a year

BRIEF-Calfrac posts Q1 loss per share C$0.14

April 26 (Reuters) - Calfrac Well Services Ltd

* Calfrac announces first quarter results and update on 2017 capital program

* Q1 revenue C$268.8 million versus I/B/E/S view c$239.2 million

* Q1 loss per share C$0.14

* Q1 earnings per share view c$-0.26 — Thomson Reuters I/B/E/S

* Calfrac Well Services Ltd - continues to evaluate opportunities to reactivate additional equipment in Canada throughout summer

* Calfrac Well Services Ltd - is in final stages of reactivating two incremental fleets in colorado with contributions expected for at least half of q2

* Calfrac Well Services - continues to engage with clients in existing, legacy operating areas as well as in areas where company has no operating history

* Calfrac Well Services Ltd - “outlook for company’s operations in Canada remains positive”

* Calfrac Well Services Ltd - “in Mexico, business environment remains challenging with very limited onshore pressure pumping activity”

* Calfrac Well Services - will continue to evaluate market while maintaining a small scale operating presence with a minimal cost structure in Mexico

* Calfrac Well Services Ltd - announcing an increase in its 2017 capital budget from $25.0 million to $45.0 million Source text for Eikon: Further company coverage:

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