11:57 AM EST - Calfrac Well Services Ltd. : announced its financial and operating results for the three months ended September 30, 2012. Revenue was $417.8 million, a decrease of 5% from the third quarter of 2011 driven primarily by lower pricing in the United States combined with reduced activity in Canada due to a decline in overall drilling and completion activity in Canada as customers continued to adjust their capital spending programs due to the weakness in natural gas prices. Net income attributable to shareholders of Calfrac of $26.9 million or $0.60 per share diluted, including a $0.4 million foreign exchange gain, compared to net income of $47.4 million or $1.07 per share diluted in the third quarter of 2011, which included a primarily unrealized foreign exchange loss of $23.7 million. Calfrac Well Services Ltd.
shares T.CFW are trading up $0.64 at $23.32.
