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) 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.
Trican Well Service (TSX: TCW) has announced its upcoming Third Quarter 2024 results release and conference call. The company will release its Q3 2024 results on Tuesday, October 29, 2024 after market close. A conference call to discuss these results is scheduled for Wednesday, October 30, 2024 at 10:00 a.m. MT (12:00 p.m. ET).
Investors can access the webcast of the conference call via the provided URL or through the Investors section of Trican's website. To participate in the Q&A session, interested parties should call the conference call operator at 1-844-763-8274 (North America) or 1-647-484-8814 (outside North America) 10 minutes before the call's start time. The conference call will be archived on Trican's website for future reference.
Trican Well Service announced its Q2 2024 results with significant financial improvements. Revenue increased by 26% to $211.8 million compared to Q2 2023. Adjusted EBITDAS and adjusted EBITDA rose to $45.2 million and $40.7 million, respectively. Free cash flow was $20.9 million, and profit reached $16.2 million. The company maintains a strong balance sheet with $148.4 million in positive working capital but saw a reduction in cash balance to $36.0 million due to various expenditures including capital and return of capital initiatives. Trican also entered a partnership to build a new sand transloading facility in British Columbia, enhancing regional service capabilities. The company repurchased and canceled significant shares under its NCIB program and increased its quarterly dividend by 12.5% to $0.045 per share. Trican remains optimistic about future market conditions, driven by new Canadian export capacities and continued demand for its advanced fracturing fleets.
Trican Well Service (TSX: TCW) has announced a partnership with Source Energy Services to construct a new transload facility in Taylor, British Columbia. The facility will be unit train capable with approximately 55,000 tonnes of storage and over 12,000 tonnes of daily throughput capacity, making it one of the largest in northeast British Columbia. Construction will begin in late July 2024, with the first phase operational in late Q3 2024 and full completion expected in early 2025. The facility will be rail serviced by Canadian National Railways, aiming to provide improved sand access and better service to clients in the region.
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