06:43 AM EDT, 05/15/2025 (MT Newswires) -- Calfrac Well Services ( CFWFF ) on Thursday reported that it swung to a profit in the first quarter on a 12% increase in revenue.

Net income came in at $7.8 million, or $0.09 per share, swinging from a net loss of $2.9 million, or $0.03 per share. Revenue was $370.1 million, up from $330.1 million and beating the $350 million sales consensus estimate compiled by FactSet.

Adjusted EBITDA more than doubled to $55.3 million from $26.1 million.