Welcome to our dedicated page for Trican Well Svc news (Ticker: TOLWF), a resource for investors and traders seeking the latest updates and insights on Trican Well Svc stock.
Trican Well Service Ltd (TOLWF) delivers specialized well servicing solutions for the oil and gas sector, including hydraulic fracturing, cementing, and nitrogen services. This page provides investors and industry professionals with direct access to the company's official announcements and operational updates.
Track critical developments through verified press releases, financial reports, and technical innovation announcements. Our curated collection ensures you stay informed about earnings results, strategic partnerships, and equipment advancements without promotional bias.
All content is organized for quick scanning and updated regularly to reflect Trican's role as Canada's leading pressure pumping service provider. Bookmark this page or check back frequently to monitor operational milestones and capital management initiatives shaping the company's trajectory.
Trican Well Service (TSX:TCW) reported Q2 2025 results with revenue of $213.8 million, up from $211.8 million in Q2 2024. The company achieved adjusted EBITDA of $44.9 million and profit of $19.5 million ($0.11 per share).
The company announced a significant strategic acquisition of Iron Horse Coiled Tubing for approximately $77.35 million in cash and 33.76 million common shares. Additionally, Trican increased its quarterly dividend by 10% to $0.055 per share.
During Q2, Trican continued its share buyback program, purchasing and cancelling 8,061,062 shares at $4.01 per share. The company maintains a strong balance sheet with $114.1 million in working capital and $36.3 million in cash.
Trican Well Service (TSX: TCW) has announced the acquisition of Iron Horse Energy Services for approximately $77.35 million in cash and 33.76 million common shares. Iron Horse is a private fracturing and coiled tubing services provider operating in the Western Canadian Sedimentary Basin.
The acquisition will add over 4 fracturing spreads and 10 coiled tubing units to Trican's operations, expanding its footprint in Alberta and Saskatchewan. Additionally, Trican's board has approved a 10% increase to the quarterly dividend to $0.055 per share, payable on September 30, 2025.
The transaction is expected to close in H2 2025, with Iron Horse's Chairman and CEO Tom Coolen joining Trican's board. The deal is projected to be immediately accretive to EBITDA and maintain a strong leverage profile of less than 0.5x net debt/EBITDA.
Trican Well Service (TSX: TCW) has scheduled its Second Quarter 2025 earnings release for Tuesday, July 29, 2025 after market close. The company will hold a conference call to discuss the results on Wednesday, July 30, 2025 at 10:00 a.m. MT (12:00 p.m. ET).
Investors can access the webcast through the company's website or participate in the Q&A session by calling 1-833-752-3868 (North America) or 1-647-849-3056 (outside North America). The conference call recording will be archived on Trican's investor relations website.
Trican Well Service (TSX: TCW) held its 2025 annual and special meeting on May 13, where shareholders elected six directors to the board. All nominees received strong approval, with Bradley P.D. Fedora receiving the highest support at 99.29% of votes, while Deborah S. Stein received 90.84% of votes. Additionally, shareholders approved KPMG LLP as auditors with 94.58% support, unallocated options under the stock option plan with 96.14% approval, and the company's executive compensation approach with 95.97% of votes in favor.
Trican, headquartered in Calgary, Alberta, is Canada's largest pressure pumping service company, providing oil and natural gas well servicing equipment and solutions throughout drilling, completion, and production cycles.
Trican Well Service (TSX: TCW) has scheduled the release of its First Quarter 2025 financial results on Monday, May 12, 2025, after market close. The company will hold a conference call to discuss these results on Tuesday, May 13, 2025, at 8:00 a.m. MT (10:00 a.m. ET).
Investors can access the webcast through the company's website at www.tricanwellservice.com/investors or directly via https://www.gowebcasting.com/13973. For those wishing to participate in the Q&A session, dial-in numbers are 1-833-752-3868 (North America) or 1-647-849-3056 (outside North America).
Trican Well Service reported its 2024 annual results with revenue of $980.8 million, a 1% increase from 2023. The company's adjusted EBITDAS and EBITDA were $231.2 million and $219.2 million respectively, showing a slight decrease from 2023. Free cash flow was $137.1 million ($0.69 per share basic).
The company returned $130.6 million to shareholders through $35.6 million in quarterly dividends and $95.0 million in share buybacks. The board approved an 11% increase in quarterly dividend to $0.05 per share. The company maintained a strong balance sheet with working capital of $128.0 million, including $26.3 million in cash.
During 2024, Trican purchased and cancelled 20.8 million shares at an average price of $4.56. The company deployed its fifth Tier 4 DGB fleet and second group of electric ancillary equipment, bringing total Tier 4 DGB fleet to 210,000 HHP. The 2025 capital budget is set at approximately $70 million for maintenance and growth initiatives.
Trican Well Service (TSX: TCW) has announced its upcoming Fourth Quarter and Year End 2024 financial results release, scheduled for Wednesday, February 19, 2025, after market close. The company will follow this with a conference call on Thursday, February 20, 2025 at 10:00 a.m. MT (12:00 p.m. ET) to discuss the results.
Investors and interested parties can access the webcast through the URL: https://www.gowebcasting.com/13426 or via the Investors section of Trican's website. To participate in the Q&A session, participants should call 1-844-763-8274 (North America) or 1-647-484-8814 (outside North America) 10 minutes before the call begins. The conference call recording will be archived on Trican's website in the Investors section.
Trican reported lower Q3 2024 results due to decreased operating activity from lower natural gas prices. Revenue decreased 12% to $221.6 million compared to $252.5 million in Q3 2023. Adjusted EBITDA was $50.2 million versus $65.7 million year-over-year. Profit declined to $24.5 million ($0.12 per share) from $36.4 million ($0.17 per share). The company maintained a strong balance sheet with $136.5 million in working capital and continued its capital return strategy through share buybacks and a 12.5% dividend increase to $0.045 per share.
Trican Well Service (TSX: TCW) has successfully completed its 2023-2024 Normal Course Issuer Bid (NCIB) program, purchasing the maximum allowable 21,004,897 Common Shares for $94.7 million at a weighted average price of $4.50 per share. Since 2017, Trican has repurchased 164.2 million Common Shares, representing about 47% of its outstanding shares at that time.
The company has also announced the renewal of its NCIB program for 2024-2025, approved by the Toronto Stock Exchange (TSX). The new NCIB allows Trican to purchase up to 19,010,793 Common Shares, representing 10% of the company's public float. The program will run from October 5, 2024, to October 4, 2025. Trican is subject to a daily purchase limit of 157,951 Common Shares, with the option for one block purchase per week exceeding this limit.
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