Calfrac Well Services Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CAD 493.32 million compared to CAD 294.52 million a year ago. Net income was CAD 38.34 million compared to net loss of CAD 21.54 million a year ago.

Basic earnings per share from continuing operations was CAD 0.45 compared to basic loss per share from continuing operations of CAD 0.47 a year ago. Diluted earnings per share from continuing operations was CAD 0.41 compared to diluted loss per share from continuing operations of CAD 0.47 a year ago. Basic earnings per share was CAD 0.47 compared to basic loss per share of CAD 0.56 a year ago.

Diluted earnings per share was CAD 0.43 compared to diluted loss per share of CAD 0.56 a year ago.