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. (TRICAN WELL SVC CO LTD, symbol TOLWF) is closely followed in energy markets because it supplies oil and natural gas well servicing equipment and solutions across the drilling, completion and production cycles in Western Canada. The company highlights hydraulic fracturing, cementing, coiled tubing, nitrogen services and chemical sales, supported by engineering support, reservoir expertise and laboratory services, as core parts of its business.
News about Trican often centers on operational performance, capital allocation and strategic developments. Recent releases have covered quarterly financial results, conference call announcements, capital budgets, the expansion and extension of a revolving credit facility, and the renewal of a normal course issuer bid program. Trican also reports on its quarterly dividend program as part of its stated return of capital strategy.
A key news theme for Trican has been its acquisition of Iron Horse Energy Services, described as a premium provider of fracturing and coiled tubing services in the Western Canadian Sedimentary Basin. Updates have included the initial acquisition announcement, regulatory clearance under the Competition Act, and the closing of the transaction. These items provide insight into how Trican is expanding its fracturing footprint and coiled tubing integrated fracturing expertise in plays such as Cardium, Charlie Lake, Mannville Stack, Viking, Montney and Shaunavon.
Investors and industry participants tracking TOLWF-related news can use this page to follow Trican’s disclosures on fleet upgrades, including Tier 4 Dynamic Gas Blending engine technology and electric ancillary equipment, technology modernization initiatives, and commentary on market conditions in Western Canada. Regular visits to this news feed help users monitor how Trican’s operational plans, acquisitions and capital programs evolve over time.
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 (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.