For the second quarter, Calfrac generated revenue of $343 million (CAD 466 million), an increase of 46 percent from $234.45 million (CAD 318.5 million) in the second quarter of 2022. The company attributed the increase primarily to improved activity in North America and better pricing in Argentina. Regarding its second-quarter performance, Calfrac said it "leveraged its diverse geographical footprint to overcome a significant amount of lost operating days by redeploying a fracturing fleet to an area of increased activity as well as adjusting to uncontrollable events". Further, the company said it was able to "successfully utilize its supply chain network and operational expertise to set new performance records for proppant pumped in a month. This high level of execution gives Calfrac the confidence that it will remain a sought-after service provider with sustained activity through the second half of the year".