About Calfrac
Calfrac is a publicly listed company based in Calgary (Canada) founded in 1999. It operates as a provider of hydraulic fracturing, coiled tubing, and cementing services. The company has 2,200 employees. Calfrac has completed 1 acquisition, including Mission Well Services. Its focus areas include Energy and Oil & Gas Equipment.
Company details
Calfrac was founded in 1999 and is headquartered in Calgary, Canada. Operations focus on the energy sector, where well stimulation services are delivered to enhance crude oil and natural gas production. Hydraulic fracturing, coiled tubing, and cementing are offered as core services for well completion and production enhancement. These activities support clients across various oil and gas regions through specialized equipment and techniques.
- Headquarters Calgary, Canada
- Employees 2,200
- Stage Public
- SectorsIndustrial Goods & Manufacturing
- Phone•••• ••••
- Website calfrac.com
- Social LinkedIn X Facebook
- Legal Name Calfrac Well Services Ltd.
- Annual Revenue$1.02 B (USD)-11.45as on Dec 31, 2025
- Net Profit$22.11 M (USD)191.54as on Dec 31, 2025
- EBITDA$158.54 M (USD)12.96as on Dec 31, 2025
- Latest Funding Round$26.08M (USD), Post-IPO
Dec 2020
- InvestorsClarke Inc
& 1 more
- Employee Count2,200
- Investments & Acquisitions
Funding Insights of Calfrac
- Total Rounds 4
- Last Round Post-IPO — $26.08M
- First Round $157.36M
(Jun 2016)
- Investors Count 2
All 4 funding rounds of Calfrac with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
2 investors in total: 2 institutional.
Investors in Calfrac
Calfrac has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Clarke Inc and AIMCo.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investments are directed across multiple sectors. | 1997 | clarkeinc.com | Halifax, Canada | |
- | – | aimco.alberta.ca | - |
Investor details for Calfrac
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People of Calfrac
113 people are tracked at Calfrac (19 in leadership, 6 in board & advisors, 88 in team); the tracked headcount is 2,200.
| Name | Role | Group |
|---|---|---|
Kevin Niddrie | Director, Taxation | Leadership |
Mark R. Ellingson | VP, Sales & Marketing, U.S. Division | Leadership |
Michael D. Olinek | CFO | Leadership |
Pat Powell | CEO | Leadership |
Lindsay R. Link | President & COO | Leadership |
Marco A. Aranguren | Director General, Latin American Operating Division | Leadership |
Berry Sun | Director Finance And Accounting | Leadership |
Clifford Maddock | Director, Operations, Canadian Division | Leadership |
Fred T. | President, US Division | Leadership |
Alif Noorani | Vice President Finance | Leadership |
Jon Koop | Vice President, HR | Leadership |
Dean Leskowski | Director, Treasury And Planning | Leadership |
Kim Ludtke | Director, Supply Chain- Canada | Leadership |
Rusty Angel | Director Of Operations | Leadership |
Keri Yule | Director, Technical Services, Canadian Division | Leadership |
Thomas Alexander | Director Of Finance | Leadership |
Trish Sims | Director, Finance | Leadership |
Brent Merchant | Vice President, Sales And Marketing | Leadership |
Gordon Milgate | President, Canadian Operating Division | Leadership |
George Armoyan | Board Member | Board & advisors |
93 more people are available in the full profile.
Complete people profiles for Calfrac
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IPO & Listings of Calfrac
Calfrac is a publicly listed company on the TSX with ticker symbol CFW in Canada, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date26 Apr 1996
- Listed onTSX: CFW
- Listed entityCalfrac Well Services Ltd.
- Exchange sectorIndustrial services
- ISINCA1295844056
- Share price7.02 CAD (-0.71% on the day) · 2026-10-13
- Market capitalisation708,617,079.00 CAD
- Price to earnings11.5
- EPS (diluted, trailing year)0.61 CAD
- Volume (last session)206,527
Financials of Calfrac
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 1.39B CAD | 30.3M CAD | 217.1M CAD |
| 2024 | 1.57B CAD | 10.4M CAD | 192.2M CAD |
| 2023 | 1.86B CAD | 190.7M CAD | 320.3M CAD |
| 2022 | 1.50B CAD | 11.7M CAD | 222.7M CAD |
| 2021 | 880.2M CAD | -82.8M CAD | 49.8M CAD |
Detailed financial statements for Calfrac
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Investments & Acquisitions by Calfrac
Calfrac has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Mission Well Services.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Hydraulic fracturing and coiled tubing services | missionws.com | The Woodlands, United States | 2010 | Sep 2013 | $147M |
Complete acquisition details for Calfrac
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Timeline of Calfrac
5 dated milestones of Calfrac across 24 years, from founding to its latest funding, stage changes and deals.
- IPO Lists on the stock exchange (IPO).
- Founded Calfrac is founded.
- Acquisition Acquires Mission Well Services.
- Funding First funding round of $157.4M.
- Funding Latest funding round, Post-IPO, of $26.1M.
Web traffic of Calfrac
The website of Calfrac (calfrac.com) receives about 7.5K visits a month.
- Monthly visits7.5K
▼ 12.9% vs previous month
Websites whose visitors overlap most with Calfrac. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| keyenergy.com | 100% | 6.4K | #3,314,660 | View details | |
nobleenergyinc.com | nobleenergyinc.com | 95% | – | – | – |
sanjel.com | sanjel.com | 95% | – | #8,739,756 | – |
coga.org | coga.org | 94% | – | #3,976,941 | – |
cardelhomes.com | cardelhomes.com | 62% | – | #802,036 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 8 similar websites and full traffic analytics for Calfrac
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- 8 similar websites
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Top companies in Oil & Gas Equipment & Services
10 companies that operate in the same segment as Calfrac (Oil & Gas Equipment & Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Potato farming, grain marketing, and equipment services in Maine. | 2000 | Gurugram, Haryana, India | – | – | – | |
Gas equipment manufacturing, repair, and engineering services are provided. | 1859 | Canton, Ohio, United States | – | USD 4.16 B | 11,930 | |
Manufacturer of polycrystalline diamond compact drill bits | 1978 | Houston, Texas, United States | – | USD 4.83 B | 9,200 | |
USA Compression is engaged in providing gas compression services. | 1998 | Austin, Texas, United States | – | USD 998.1 M | 854 | |
Drilling and oilfield products are provided to the energy sector. | 2005 | Houston, Texas, United States | USD 28.51 M | USD 791.47 M | 937 | |
Science, technology, and engineering solutions are delivered worldwide by KBR. | 1919 | Houston, Texas, United States | – | USD 7.79 B | 38,000 | |
Industrial equipment and service solutions are provided for various sectors. | 1965 | Houston, Texas, United States | – | – | 631 | |
Sustainable energy infrastructure is designed, deployed, and serviced globally. | 1980 | Calgary, Alberta, Canada | USD 12.43 M | USD 2.62 B | 4,600 | |
Offshore support vessel services are provided by Wintermar. | 1970 | Jakarta, Jakarta, Indonesia | – | USD 80.16 M | 245 | |
Engineered components are manufactured for energy, transportation, and industrial sectors. | 1920 | White Plains, New York, United States | – | USD 3.94 B | 11,700 |
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Related news about Calfrac
Complete news archive for Calfrac
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Frequently Asked Questions about Calfrac
Calfrac was founded in 1999 and raised its 1st funding round 17 years after it was founded.
Calfrac is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
Calfrac has 2,200 employees.
Annual revenue of Calfrac is $1.02B as on Dec 31, 2025.
Calfrac was founded in 1999 and is headquartered in Calgary, Canada. Operations focus on the energy sector, where well stimulation services are delivered to enhance crude oil and natural gas production. Hydraulic fracturing, coiled tubing, and cementing are offered as core services for well completion and production enhancement. These activities support clients across various oil and gas regions through specialized equipment and techniques.
Yes, Calfrac is publicly traded on TSX under the ticker symbol CFW.
Calfrac has made 1 acquisition, including Mission Well Services.
Calfrac has 2 investors. Key investors include Clarke Inc, and AIMCo.