Trican reported solid financial performance with increased revenue, earnings, and a positive outlook due to LNG Canada. The company is navigating some cost pressures and market pricing challenges, but strong market positioning and strategic acquisition of Iron Horse provide a positive future outlook.

Company Guidance -

Q3 2025

In the second quarter of 2025, Trican Well Service reported a revenue of $213.8 million and an adjusted EBITDA of $44.9 million, representing 21% of the revenue. Compared to the same quarter last year, adjusted EBITDA increased from $40.7 million or 19% of revenue. The adjusted EBITDAS was $47.3 million, equating to 22% of revenues, up from $45.2 million or 21% from the previous year. Trican also generated positive earnings of $19.5 million, translating to $0.11 per share. Free cash flow for the quarter was reported at $24.4 million, while capital expenditures amounted to $16.3 million, with $14.3 million allocated to maintenance and $2 million to upgrades. The company's capital budget for 2025 remains at $70.4 million. Trican's balance sheet remains robust with positive working capital of approximately $114.1 million, including $36.3 million in cash. Additionally, the company repurchased and canceled 8 million shares at an average price of $4 per share, with a total of 13.2 million shares repurchased to date under the NCIB program. Following the acquisition of Iron Horse, Trican's Board approved a 10% increase in the quarterly base dividend to $0.055 per share.

Increased Revenue and Adjusted EBITDA

Trican reported a revenue of $213.8 million with adjusted EBITDA of $44.9 million or about 21% of revenue, compared to $40.7 million or 19% of revenues in Q2 2024.

Positive Earnings and Free Cash Flow

The company generated positive earnings of $19.5 million, translating to $0.11 per share. Free cash flow for the quarter was $24.4 million.

Share Repurchase and Dividend Increase

Trican repurchased and canceled 8 million shares at an average price of $4 per share. The board approved a 10% increase to the quarterly dividend, raising it to $0.055 per share.

Strong Market Position and Outlook

Trican reported a busy June with revenue peaks and expects steady growth due to LNG Canada and gas price improvements.

Iron Horse Acquisition

The acquisition of Iron Horse is expected to bring operational synergies and enhance service offerings without rebranding.

Trican Well Service (TSE:TCW) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:TCW Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 07, 2025	2025 (Q3)	0.15 / -	0.12	―	―	―
Jul 29, 2025	2025 (Q2)	0.08 / 0.11	0.08	37.50% (+0.03)	―
May 13, 2025	2025 (Q1)	0.15 / 0.17	0.19	-10.53% (-0.02)	―
Feb 20, 2025	2024 (Q4)	0.11 / 0.14	0.13	10.00% (+0.01)	―
Oct 29, 2024	2024 (Q3)	0.11 / 0.12	0.17	-29.41% (-0.05)	―
Jul 30, 2024	2024 (Q2)	0.07 / 0.08	0.04	100.00% (+0.04)	―
May 14, 2024	2024 (Q1)	0.16 / 0.19	0.2	-5.00% (-0.01)	―
Feb 21, 2024	2023 (Q4)	0.13 / 0.13	0.11	18.18% (+0.02)	―
Nov 10, 2023	2023 (Q3)	0.18 / 0.17	0.16	6.25% (+0.01)	―
Aug 02, 2023	2023 (Q2)	0.01 / 0.04	0.01	300.00% (+0.03)	―

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

TSE:TCW Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 29, 2025	C$5.58	C$5.57	-0.18%
May 13, 2025	C$4.20	C$4.27	+1.64%
Feb 20, 2025	C$4.58	C$4.81	+5.11%
Oct 29, 2024	C$4.16	C$4.40	+5.82%

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 (TSE:TCW) report earnings?

Trican Well (TSE:TCW) is schdueled to report earning on Nov 07, 2025, Before Open (Confirmed).

What is Trican Well (TSE:TCW) earnings time?

Trican Well (TSE:TCW) earnings time is at Nov 07, 2025, 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 TSE:TCW EPS forecast?

TSE:TCW EPS forecast for the fiscal quarter 2025 (Q3) is 0.15.

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