Trican Well Svc Ltd Stock Price, News & Analysis

Trican Well Service (TSX: TCW) has received TSX approval to renew its Normal Course Issuer Bid (NCIB) program for 2025-2026. The program allows Trican to purchase up to 18,405,613 Common Shares, representing 10% of the company's public float.

The NCIB will run from October 5, 2025 to October 4, 2026, with a daily purchase limit of 131,393 shares. Under the previous 2024-2025 program, Trican bought back 13.2 million shares for $56.4 million at an average price of $4.27 per share. Since 2017, the company has repurchased 177 million shares, approximately 51% of its then-outstanding shares.

Trican Well Service (TSX: TCW) has completed its acquisition of Iron Horse Energy Services, a premium provider of fracturing and coiled tubing services in the Western Canadian Sedimentary Basin. The transaction value consists of $77.35 million in cash and approximately 33.76 million Trican common shares.

Following the acquisition, Iron Horse's Chairman and CEO, Tom Coolen, has been appointed to Trican's Board of Directors. The newly issued Trican common shares are expected to be listed on the TSX around August 29, 2025, pending final TSX approval.

Trican Well Service (TSX: TCW) has received Competition Bureau clearance for its acquisition of Iron Horse Energy Services. The transaction, valued at $77.35 million in cash plus 33.76 million Trican common shares, is expected to close around August 27, 2025.

Iron Horse is a premium provider of fracturing and coiled tubing services across major plays in the Western Canadian Sedimentary Basin, including Cardium, Charlie Lake, Mannville Stack, Viking, Montney, and Shaunavon. Post-acquisition, Iron Horse's Chairman and CEO Tom Coolen will join Trican's board of directors.

The acquisition's completion remains subject to customary closing conditions and TSX listing approval for the new Trican shares to be issued.

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 (TOLWF) reported lower Q1 2025 results due to competitive pricing and cost pressures. Revenue decreased to $259.1M from $271.9M in Q1 2024. Net profit fell to $31.9M ($0.17/share) from $41.2M ($0.20/share). The company returned $21.2M to shareholders through dividends ($9.3M) and share buybacks ($11.9M). The board approved an 11% dividend increase to $0.05 per share. Trican maintains a strong balance sheet with $159M in working capital. The company continues its fleet modernization with Tier 4 DGB technology and electric equipment, targeting 90% diesel displacement. Despite short-term uncertainties, Trican's outlook remains positive due to increased Canadian export capacity through Trans Mountain Pipeline expansion and upcoming LNG Canada exports.

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).