12:00 PM EST - Calfrac Well Services Ltd. : Announced its financial results for the three months ended March 31, 2019. Revenue in the first quarter of 2019 was $475.0 million, a decrease of 19% from the same period in 2018. Adjusted EBITDA of $44.1 million for the first quarter of 2019 decreased from $73.0 million in the comparable period in 2018 primarily due to lower utilization and pricing in Canada and the United States. Net loss attributable to shareholders of Calfrac was $36.3 million or $0.25 per share diluted compared to income of $3.2 million or $0.02 per share diluted in the same period last year. Calfrac Well Services Ltd.
shares T.CFW are trading down $0.12 at $3.01.
