How does Calfrac's current utilization rate compare to its historical averages and to its main competitors (e.g., Halliburton Canada, Schlumberger Canada)?

Short answer: The excerpt you shared from Calfrac’s August 8 2025 press release does not contain the specific utilization‑rate numbers that would let us compare Calfrac’s current utilization to its own historical averages or to the utilization rates of its main Canadian competitors (Halliburton Canada and Schlumberger Canada).

Why the answer can’t be quantified from the provided text

The press‑release summary you posted includes only high‑level context (the fact that Calfrac is releasing its Q2 2025 financial and operating results, where the full statements are filed, and the usual legal disclaimer).

• No current utilization figure (e.g., “our rigs were utilized at 83 % in Q2 2025”) is shown.
  
• No historical benchmark (e.g., “that is up from a 75 % average over the past 3 years”) is provided.
  
• No competitor data (e.g., “Halliburton Canada ran at 78 % and Schlumberger Canada at 81 %”) is mentioned.
  

Because the question explicitly asks for a comparative analysis (“how does Calfrac's current utilization rate compare to its historical averages and to its main competitors”), we would need those precise percentages or at least the narrative commentary that the full release or the accompanying MD&A (Management Discussion & Analysis) supplies.

What you can do to obtain the required numbers

1. Open the full press release – The link in the GlobeNewswire posting (or the SEDAR+ filing) will contain a “Key Operating Metrics” table. That table typically lists:

   • Current utilization (quarter‑over‑quarter)
     
   • Utilization for the same quarter last year
     
   • A multi‑year average (often a 3‑ or 5‑year rolling average)
     

2. Check the MD&A – The Management Discussion & Analysis section that accompanies the interim financial statements usually provides narrative context, such as:

   • “Our utilization improved 5 percentage points versus Q2 2024 and remains 2 points above our 3‑year average of 79 %.”
     
   • “Compared to Halliburton Canada (78 %) and Schlumberger Canada (80 %) our utilization was X points higher/lower.”
     

3. Look at competitor filings – Halliburton Canada (ticker: HLT) and Schlumberger Canada (ticker: SLB) publish quarterly and annual results that include their own utilization metrics. Those figures are often disclosed in the “Operating Performance” or “Key Metrics” sections of their press releases or MD&A.

4. Industry reports – Trade publications (e.g., Oil & Gas Journal, Hart Energy) sometimes aggregate utilization data for the Canadian fracturing market and can provide a benchmark for “industry average utilization” in a given quarter.

How a typical comparison might be framed (illustrative only)

“Calfrac’s Q2 2025 utilization was *84 %, up from **78 % in Q2 2024 and 2 percentage points above its 3‑year average of 82 %. By contrast, Halliburton Canada reported 79 % utilization and Schlumberger Canada 81 %, placing Calfrac 3‑5 points ahead of the two main competitors in the Canadian fracs market.”*

Again, the numbers above are *examples*; you’ll need to pull the actual figures from the full Calfrac press release and the competitors’ filings.

Bottom line

• From the information you provided: We cannot state Calfrac’s current utilization, its historical average, or how it stacks up against Halliburton Canada and Schlumberger Canada.
  
• Action: Review the complete Q2 2025 press release (or the accompanying MD&A) and the most recent quarterly disclosures from Halliburton Canada and Schlumberger Canada. Those documents will give you the exact utilization percentages and the narrative you need to answer the question comprehensively.
  

If you locate those numbers and would like help interpreting them or placing them in a broader market context, feel free to share them and I can provide a detailed comparative analysis.