Calfrac Well Services reports Q1 loss, revenue up 38 per cent from year ago

Calfrac Well Services Ltd. reported a first-quarter loss of $21.5 million compared with a loss of $22.4 million in the same quarter last year, as its revenue rose 38 per cent. The oilfield services company says the loss amounted to 56 cents per share for the quarter ended March 31 compared with a loss of 60 cents per diluted share a year earlier. Revenue in the quarter totalled $294.5 million, up from $214 million in the same quarter last year. The company says it has committed to a plan to sell