Trican Well ( (TOLWF) ) has released its Q3 earnings. Here is a breakdown of the information Trican Well presented to its investors.
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Trican Well Service Ltd., headquartered in Calgary, Alberta, is a leading provider of oil and natural gas well servicing equipment and solutions, specializing in hydraulic fracturing, cementing, coiled tubing, nitrogen services, and chemical sales within the energy sector.
Trican Well Service Ltd. has reported its third-quarter results for 2025, showcasing a notable increase in revenue and profitability, despite ongoing challenges in commodity prices. The company also declared a quarterly dividend, reflecting its commitment to returning capital to shareholders.
In the third quarter of 2025, Trican achieved a revenue of $300.6 million, up from $221.6 million in the same period last year. Adjusted EBITDAS and EBITDA also saw significant improvements, reaching $66.9 million and $59.5 million, respectively. The company’s acquisition of Iron Horse Coiled Tubing Inc. contributed to this growth, expanding Trican’s operational capabilities and market presence. Additionally, Trican’s balance sheet remains robust with positive working capital of $209.4 million.
Trican continues to focus on strategic initiatives, including the modernization of its technology infrastructure and the enhancement of its hydraulic fracturing fleet. The company is investing in Tier 4 Dynamic Gas Blending engine technology and electric ancillary equipment to improve operational efficiency and reduce emissions. Trican’s ongoing commitment to innovation and sustainability positions it well for future growth.
Looking ahead, Trican’s management remains optimistic about the company’s prospects, supported by structural developments in Canadian energy infrastructure and increasing LNG export capacity. Despite current market volatility, Trican anticipates sustained growth in drilling and completions activity across the Western Canadian Sedimentary Basin, driven by favorable industry conditions and strategic positioning.