Trican Well Service (TOLWF)
OTHER OTC:TOLWF
Earnings Data
Report Date
May 20, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.13Last Year’s EPS
0.12Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call conveys a positive operational and financial picture: material year-over-year revenue and adjusted EBITDA growth, positive net earnings and strong free cash flow, low leverage, successful integration of Iron Horse, and clear investments in technology (natural gas and electric fleets) and logistics that position the company for growth in a strengthening gas market. Near-term headwinds include oil-driven softness impacting the Iron Horse business, pricing pressure in Q4, weather/seasonality effects, logistics capacity constraints (drivers/equipment), and uncertainty around wet-sand trials. Management expects net debt to trend down, to continue a balanced capital return strategy (dividends and NCIB), and to invest selectively in natural-gas/electric assets and potential M&A as opportunities emerge.Company Guidance
Revenue Growth
Q4 revenue of $322.7 million vs. $275.5 million in Q4 2024, an increase of $47.2 million or +17.1% year-over-year.
Strong Adjusted EBITDA and EBITDAS Expansion
Adjusted EBITDA of $73.4 million (23% of revenues) vs. $55.6 million (20% of revenues) in Q4 2024, a +32.0% increase. Adjusted EBITDAS of $75.3 million (23% of revenues) vs. $58.6 million (21% of revenues) in Q4 2024, a +28.5% increase.
Positive Net Earnings and Free Cash Flow
Reported positive earnings of $31.9 million in the quarter (earnings per share $0.15 basic and diluted). Free cash flow for the quarter was $46.6 million (defined as EBITDAS less nondiscretionary cash expenditures).
Conservative Balance Sheet and Low Leverage
Exited Q4 with net debt of $79.9 million (loans and borrowings $92.4M less cash $12.5M) and leverage of just under one-third of a turn on trailing 12-month EBITDAS (~0.33x). Positive non-cash working capital of $179.2 million.
Shareholder Returns
Repurchased and canceled 12.1 million shares in 2025 at a weighted average of ~$4.35 (representing 6.4% of shares outstanding at the start of 2025); repurchased an additional ~1.4 million shares in Q4 and ~300k subsequent to Q4. Board approved dividend of $0.055 per share (~$11.5 million aggregate).
Successful Integration of Iron Horse Acquisition
Iron Horse acquisition (closed Q3 2025) fully incorporated for Q4; management reports integration proceeding well with extracted synergies in fuel, chemical and sand logistics despite short-term commodity-related softness.
Technology and Fleet Advancement
Deployed fourth set of electric ancillary frac equipment; received first 100% natural-gas Cat 3520 high-rate frac pumpers with testing successful and field deployment planned in Q2 and full 10-pumper spread by early fall; plan to introduce natural-gas semi-trucks later in the year. 2026 capex framework: ~ $120M total, ~50% expansion (~$60M) with ~ $40M for natural gas fleet.
Division Performance and Market Positioning
Cementing division revenue and jobs up 33% in Q4 vs Q4 2024 and expanded into SAGD (Christina Lake). Coil business set horizontal and depth records, reorganized management and now performing consistently. Company cites leadership in sand logistics and electric/natural gas capability in Western Canada.
Market Opportunity and Long-term Outlook
Company remains bullish on Western Canada (Montney, Duvernay) citing LNG export growth as a structural support for Canadian gas pricing and forecasting continued increases in sand intensity per well (industry pumped ~8.5 million tonnes in 2025 with analyst forecasts >12 million tonnes by 2030).
TOLWF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TOLWF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 18, 2026 | $5.13 | $5.04 | -1.76% |
Oct 28, 2025 | $4.06 | $3.86 | -4.88% |
Jul 29, 2025 | $3.94 | $3.92 | -0.53% |
May 13, 2025 | $2.93 | $2.98 | +1.98% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Trican Well Service (TOLWF) report earnings?
Trican Well Service (TOLWF) is schdueled to report earning on May 20, 2026, Before Open (Confirmed).
What is Trican Well Service (TOLWF) earnings time?
Trican Well Service (TOLWF) earnings time is at May 20, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TOLWF EPS forecast?
TOLWF EPS forecast for the fiscal quarter 2026 (Q1) is 0.13.