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Trican Well (TSE:TCW)
:TCW
Earnings Data
Report Date
Jul 31, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.08Last Year’s EPS
0.08Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 13, 2025
|% Change Since: 5.65%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Neutral
The earnings call highlights a strong performance in certain divisions like cementing and coil, and a significant return of capital through share buybacks. However, the company faced challenges with decreased EBITDA compared to the previous year, pricing pressures, and new tariffs affecting costs. The sentiment is balanced, with both notable achievements and significant challenges present.Company Guidance
During the Trican Well Service's First Quarter 2025 earnings call, guidance was provided highlighting several key financial metrics. The company reported revenue of CAD259.1 million and an adjusted EBITDA of CAD61.3 million, which represents 24% of revenues, a decline from the CAD72.8 million or 27% of revenues in Q1 2024. Free cash flow for the quarter was CAD43 million, while capital expenditures totaled CAD12.5 million, divided between CAD8.8 million for maintenance and CAD3.7 million for upgrades. The capital budget for 2025 is set at CAD70.2 million, focusing on maintenance and growth initiatives. Trican aims for a 20% return on invested capital, although current pricing pressures have slightly lowered margins. The company repurchased and canceled 2.5 million shares under its NCIB program and declared a CAD0.05 per share dividend. Trican remains optimistic about the year, maintaining a solid balance sheet with CAD159 million in working capital and positive earnings of CAD31.9 million or CAD0.17 per share.Positive Earnings and Cash Flow
Trican generated positive earnings of CAD31.9 million in the quarter, translating to $0.17 per share, and free cash flow of CAD43 million.
Strong Cementing Division Performance
The cementing division maintained high utilization and market share, particularly in technical plays like the Duvernay, where it has a 75% market share.
Coil Division Revenue Record
Q1 was the largest revenue quarter for the coil division with utilization over 70% and downtime of only 1.6%.
Share Buyback Program
Repurchased and canceled 2.5 million shares in Q1, 6.6 million subsequent to Q1, totaling 11.7 million shares, representing 61% of the 2024-'25 NCIB program.
Technological Advancements
Ongoing investments in electrification of equipment and technology modernization, with a capital budget of CAD70.2 million for maintenance and growth initiatives.
TSE:TCW 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
TSE:TCW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 13, 2025 | C$4.25 | C$4.32 | +1.65% |
Feb 20, 2025 | C$4.63 | C$4.86 | +5.12% |
Oct 29, 2024 | C$4.20 | C$4.45 | +5.83% |
Jul 30, 2024 | C$4.78 | C$4.89 | +2.22% |
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 Jul 31, 2025, TBA Not Confirmed.
What is Trican Well (TSE:TCW) earnings time?
Trican Well (TSE:TCW) earnings time is at Jul 31, 2025, TBA Not 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 (Q2) is 0.08.