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Company News

BRIEF-Calfrac Announces Q4 Earnings Per Share C$0.26 Including Items

March 1 (Reuters) - Calfrac Well Services Ltd:

* CALFRAC ANNOUNCES FOURTH QUARTER RESULTS

* Q4 REVENUE ROSE 152 PERCENT TO C$485.5 MILLION

* Q4 EARNINGS PER SHARE C$0.26 INCLUDING ITEMS

* QTRLY OPERATING EARNINGS PER SHARE $0.31

* Q4 REVENUE VIEW C$431.7 MILLION -- THOMSON REUTERS I/B/E/S

* CALFRAC WELL SERVICES - ISSUES RELATING TO SAND LOGISTICS HAVE NOT IMPACTED CO’S CANADIAN OPERATIONS TO DATE IN Q1

* CALFRAC WELL SERVICES - U.S. OPERATIONS NEARLY FULLY REACTIVATED & CO EXPECTS TO HAVE 16 FLEETS DEPLOYED BY Q2-END

* SAND SUPPLY AND DELIVERY ISSUES “HAVE BEEN MORE CHALLENGING” IN UNITED STATES DURING Q1

* CALFRAC WELL SERVICES - EXPECTS FINANCIAL PERFORMANCE IN RUSSIA DURING 2018 WILL BE RELATIVELY CONSISTENT WITH 2017

* DOES NOT EXPECT SAND SUPPLY AND DELIVERY ISSUES IN U.S. TO BE FULLY RESOLVED UNTIL Q2

* CALFRAC WELL SERVICES - DUE TO REDUCED ACTIVITY LEVELS, CO HAS CEASED ALL OPERATIONS IN MEXICO

* CALFRAC WELL SERVICES - REDEPLOYED IDLE ASSETS FROM MEXICO TO OPERATIONS IN THE U.S. Source text for Eikon: Further company coverage: (Reuters.Brief@thomsonreuters.com)

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