Trican Well Service Ltd.

Trican Well Service Ltd.

6.53
CAD
-0.22
(-3.26%)
0.39EPS
17.24P/E
1.41BMarket Cap
Oct 27Next Earn
Trican Well Service Ltd.
TSX:TCW
(Toronto Stock Exchange)

Recent

price

6.53

P/E

ratio

17.24

div

yld

3.28%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CAD
10.76
15.84
15.1
14.22
16.12
4.36
1.89
3.3
2.68
2.2
1.5
2.22
3.59
4.48
4.91
5.67
5.31
Revenue per Share
1.09
2.32
0.37
-0.31
-0.03
-5.56
-0.17
0.05
-0.72
-0.25
-0.87
0.07
0.33
0.56
0.55
0.58
0.39
Basic EPS, GAAP
-0.56
-1.85
-1.76
0.43
-0.2
0.69
-0.55
0.37
0.08
-0.02
0.22
0.08
0.2
0.78
0.4
0.54
1.53
Free Cash Flow per Basic Share
0.1
0.1
0.2
0.3
0.3
0.15
- -
- -
- -
- -
- -
- -
- -
0.16
0.18
0.22
0.21
Dividend per Share
6.91
9.29
9.39
9.04
8.62
3.72
2.94
3.47
2.8
2.73
1.95
1.98
2.2
2.47
2.59
3.3
3.27
Book Value per Share
6.51
8.9
9.02
8.35
8
3.39
2.84
2.53
2.22
2.12
1.85
1.93
2.18
2.47
2.59
2.66
2.65
Tangible Book Value per Share
137
146
147
149
149
149
172
282
322
289
264
253
241
217
200
193
204
Basic Weighted Avg Shares
1,478
2,310
2,213
2,115
2,407
650
325
930
864
636
397
562
866
973
981
1,096
1,081
Sales/Revenue/Turnover
14.96
21.13
3.92
-2.03
1.77
-8.89
-42.34
6.37
-5.02
-11.87
-16.4
2.59
12.97
16.63
15.22
14.08
10.34
Operating Margin (%)
112
127
153
222
184
75
70
102
122
124
111
88
80
77
78
88
100
Depreciation Expense
150
339
54
-46
-5
-828
-30
14
-233
-73
-229
17
79
121
109
112
79
Net Income, GAAP
28.14
29.18
8.29
- -
- -
- -
- -
63.39
- -
- -
- -
- -
26.57
23.88
24.76
24.12
23.87
Effective Tax Rate (%)
10.17
14.66
2.42
-2.17
-0.21
-127.4
-9.08
1.53
-26.91
-11.55
-57.68
3.06
9.14
12.44
11.16
10.23
7.34
Profit Margin (%)
359
621
547
413
601
203
114
141
116
140
68
104
169
153
128
192
96
Working Capital
107
400
695
594
759
469
212
83
46
61
10
8
39
14
15
110
14
LT Debt
999
1,366
1,376
1,351
1,286
552
568
1,176
844
741
498
489
505
517
488
696
685
Total Equity
16.16
23.84
4.08
- -
- -
- -
- -
1.84
- -
- -
- -
- -
15.51
22.08
20.67
17.5
13.34
Return on Invested Capital (%)
16.02
24.27
4.21
- -
- -
- -
- -
1.77
- -
- -
- -
- -
15.5
22.73
21.34
17.5
13.43
Return on Capital (%)
18.26
28.65
3.92
-3.37
-0.38
-90.03
-5.26
1.63
-23.03
-9.27
-36.97
3.49
15.94
23.69
21.78
18.95
13.41
Return on Common Equity (%)

Capital Structure

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
6
6
8
LT Borrowings
92
31
- -
LT Finance Leases
18
16
14
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
211
210
209
Market Capitalization
1,252
1,537
1,407

Working Capital

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
321
262
221
Cash, Cash Equivalents & STI
12
1
15
Accounts Receivable, Net
261
222
158
Inventories
35
27
27
Total Current Liabilities
129
118
125
Payables & Accruals
104
111
117
ST Debt
6
6
8
Deferred Revenue
- -
- -
- -

Growth Rates

CAD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.75%
8.16%
42.48%
Free Cash Flow
-165.31%
60.35%
31.23%
Net Income, GAAP
-154.08%
59.64%
2.48%
Sales/Revenue/Turnover
18.55%
24.11%
11.76%
Total Cash Common Dividend
- -
- -
16.9%

Quarterly Revenue

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
272
212
222
276
981
2025
259
214
- -
323
1,096
2026
330
215
- -
- -
- -

Quarterly Earnings Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.2
0.08
0.12
0.14
0.55
2025
0.17
0.11
- -
0.15
0.58
2026
0.14
-0.01
- -
- -
- -

Quarterly Dividends Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.04
0.04
0.04
0.18
2025
0.05
0.05
- -
0.05
0.22
2026
0.05
0.05
- -
- -
- -
Business
Trican Well Service Ltd. provides specialized oilfield services, including hydraulic fracturing, cementing, coiled tubing, acidizing, nitrogen pumping and production enhancement services, to upstream oil and gas companies primarily in the Western Canadian Sedimentary Basin. The company offers hydraulic fracturing solutions utilizing Tier 4 Dynamic Gas Blending fleets with electric ancillary equipment for reduced emissions and enhanced efficiency; cementing services encompassing pre-flushes, spacers, plugs, lost circulation materials and specialized designs for surface, intermediate, production and remedial applications; coiled tubing operations including milling, fracturing, e-coil and custom string design; acidizing and fracture acidizing to restore well performance; nitrogen services; and supporting reservoir, laboratory and engineering expertise. Founded in 1979 and headquartered at 2900, 645 7th Avenue SW, Calgary, Alberta, Canada, Trican operates fracturing crews, cementing and coiled tubing units across Alberta, British Columbia and Saskatchewan, with a focus on key plays such as Montney, Duvernay, Cardium, Charlie Lake, Mannville Stack, Viking and Shaunavon. In August 2025, Trican completed the acquisition of Iron Horse Coiled Tubing Inc. for $77.25 million in cash and 33.76 million common shares, adding four fracturing spreads and 10 coiled tubing units to expand integrated completions capabilities, geographic footprint in central and eastern Alberta and Saskatchewan, and exposure to coil-activated methods. The company also increased its quarterly dividend by 10% following the acquisition, renewed its normal course issuer bid for up to 18.4 million shares in September 2025, and continues fleet modernization with additional electric ancillary equipment deployment by year-end 2025 and testing of 100% natural gas-fueled engines.

Company News

  • Trican Well Service Ltd. Announces Renewal of Normal Course Issuer Bid Program for 2026-2027

  • Trican Well Service Q2 Earnings Call Highlights

  • Trican Reports Second Quarter Results for 2026 and Declares Quarterly Dividend

  • Trican Well Service Ltd. Announces Second Quarter 2026 Conference Call

  • Trican Well Service Ltd. Announces Appointment of Kiren K.

  • Trican Well Service: Still Attractive At These Prices

  • Trican Well Service Q1 Earnings Call Highlights

  • Trican Well Service Ltd. Announces the 2026 Annual Meeting Results

  • Trican Reports First Quarter Results for 2026 and Declares Quarterly Dividend

  • Trican Well Service Ltd. Announces First Quarter 2026 Conference Call

  • Trican Well Service: Strong Execution Leads To Strong Cash Flows

  • Trican Well Service Ltd. (TCW:CA) Q4 2025 Earnings Call Transcript

  • Trican Well Service Ltd. Reschedules Fourth Quarter 2025 Conference Call

  • Trican Reports Annual Results for 2025 and Declares Quarterly Dividend

  • Trican Well Service (OTCMKTS:TOLWF) & CES Energy Solutions (OTCMKTS:CESDF) Head-To-Head Survey

  • Trican Well Service Ltd. Announces Fourth Quarter 2025 Conference Call

  • Trican Well Service Ltd. Announces Extension and Expansion of Credit Facility

  • Trican Well Service Ltd. Announces 2026 Capital Budget

  • Trican Well Service Ltd. (TCW:CA) Q3 2025 Earnings Call Transcript

  • Trican Reports Third Quarter Results for 2025 and Declares Quarterly Dividend