Declared Dividend • Aug 04
Second quarter dividend of CA$0.055 announced Shareholders will receive a dividend of CA$0.055. Ex-date: 15th September 2026 Payment date: 30th September 2026 Dividend yield will be 4.4%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 11% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 29
Second quarter 2026 earnings released: CA$0.011 loss per share (vs CA$0.11 profit in 2Q 2025) Second quarter 2026 results: CA$0.011 loss per share (down from CA$0.11 profit in 2Q 2025). Revenue: CA$214.6m (flat on 2Q 2025). Net loss: CA$2.34m (down 112% from profit in 2Q 2025). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Jul 04
Trican Well Service Ltd. to Report Q2, 2026 Results on Jul 28, 2026 Trican Well Service Ltd. announced that they will report Q2, 2026 results at 4:00 PM, US Eastern Standard Time on Jul 28, 2026 Announcement • Jun 19
Trican Well Service Ltd. Announces Appointment of Kiren K. Singh to the Board of Directors, Member of Audit Committee and Corporate Governance Committee, Effective June 18, 2026 Trican Well Service Ltd. announced the appointment of Kiren K. Singh to its Board of Directors, effective June 18, 2026. Ms. Singh will also serve as a member of the Board's Audit Committee and Corporate Governance Committee. Ms. Singh currently sits on the board of Cavvy Energy Ltd., where she chairs the Audit and Risk Committee; and Alberta Cancer Foundation (Audit and Risk Committee and Venture Philanthropy Committee). She has over 30 years of international experience in the energy sector, including in senior executive leadership roles, and is the founder and Chief Executive Officer of haskalife. She holds a B. Comm (Finance) and an MBA (Finance and Risk Management) from the University of Calgary. She is a CFA charter holder and holds the ICD.D designation from the Institute of Corporate Directors. Upcoming Dividend • Jun 08
Upcoming dividend of CA$0.055 per share Eligible shareholders must have bought the stock before 15 June 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.2%). Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Director Tom Coolen was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 02
Trican Well Service Ltd. to Report Q1, 2026 Results on May 11, 2026 Trican Well Service Ltd. announced that they will report Q1, 2026 results After-Market on May 11, 2026 Announcement • Mar 03
Trican Well Service Ltd., Annual General Meeting, May 12, 2026 Trican Well Service Ltd., Annual General Meeting, May 12, 2026. Announcement • Jan 03
Trican Well Service Ltd. to Report Q4, 2025 Results on Feb 18, 2026 Trican Well Service Ltd. announced that they will report Q4, 2025 results After-Market on Feb 18, 2026 Announcement • Oct 02
Trican Well Service Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Trican Well Service Ltd. announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Oct 28, 2025 Announcement • Aug 28
Trican Well Service Ltd. (TSX:TCW) completed the acquisition of Iron Horse Energy Services. Trican Well Service Ltd. (TSX:TCW) agreed to acquire Iron Horse Energy Services on July 3, 2025. Under the terms of the Acquisition, Trican Well Service Ltd. has entered into an agreement to acquire all of the issued and outstanding shares of Iron Horse in exchange for approximately CAD 77.35 million in cash consideration, before closing adjustments, and approximately CAD 33.76 million common shares of Trican Well Service Ltd. Following closing of the Acquisition, Tom Coolen, Chairman and CEO of Iron Horse, will be appointed to the board of directors of Trican Well Service Ltd.
The Acquisition is expected to close in the second half of 2025. Other than Competition Act Approval, and TSX listing approval of the common shares of Trican Well Service Ltd. to be issued pursuant to the Acquisition, no approval, order, consent of or filing with any Governmental Authority is required on the part of Iron Horse or Trican Well Service Ltd., in connection with completing the Acquisition. Following the Acquisition, Iron Horse will operate as a wholly owned division of Trican Well Service Ltd. The Acquisition is expected to deliver immediate and significant accretion to Trican shareholders, as well as support an increase to Trican Well Service’s dividend. As of August 20, 2025, The transaction received clearance from the Competition Bureau. The Acquisition is expected to close on or about August 27, 2025.
RBC Capital Markets is acting as financial advisor and Osler, Hoskin & Harcourt LLP is acting as legal advisor to Trican Well Service Ltd. Peters & Co. Limited is acting as financial advisor and Torys LLP is acting as legal advisor to Iron Horse Energy Services.
Trican Well Service Ltd. (TSX:TCW) completed the acquisition of Iron Horse Energy Services on August 27, 2025. The Trican common shares issued pursuant to the Acquisition are expected to be listed on the TSX on or about August 29, 2025, upon receipt of TSX final approval. Announcement • Jun 27
Trican Well Service Ltd. to Report Q2, 2025 Results on Jul 29, 2025 Trican Well Service Ltd. announced that they will report Q2, 2025 results After-Market on Jul 29, 2025 Announcement • Mar 31
Trican Well Service Ltd. to Report Q1, 2025 Results on May 12, 2025 Trican Well Service Ltd. announced that they will report Q1, 2025 results After-Market on May 12, 2025 Announcement • Mar 04
Trican Well Service Ltd., Annual General Meeting, May 13, 2025 Trican Well Service Ltd., Annual General Meeting, May 13, 2025. Announcement • Jan 03
Trican Well Service Ltd. to Report Q4, 2024 Results on Feb 19, 2025 Trican Well Service Ltd. announced that they will report Q4, 2024 results After-Market on Feb 19, 2025 New Risk • Nov 04
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.9% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Declared Dividend • Nov 03
Third quarter dividend of CA$0.045 announced Shareholders will receive a dividend of CA$0.045. Ex-date: 13th December 2024 Payment date: 31st December 2024 Dividend yield will be 4.6%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 7.3% over the next 2 years. However, it would need to fall by 64% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CA$0.12 (vs CA$0.17 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.12 (down from CA$0.17 in 3Q 2023). Revenue: CA$221.6m (down 12% from 3Q 2023). Net income: CA$24.5m (down 33% from 3Q 2023). Profit margin: 11% (down from 14% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Oct 09
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.2% to €3.00. The fair value is estimated to be €3.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 0.06% per annum. Earnings are also forecast to decline by 3.3% per annum over the same time period. Announcement • Oct 01
Trican Well Service Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Trican Well Service Ltd. announced that they will report Q3, 2024 results After-Market on Oct 29, 2024 Buy Or Sell Opportunity • Sep 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.3% to €2.94. The fair value is estimated to be €3.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 0.2% per annum. Earnings are also forecast to decline by 3.1% per annum over the same time period. Upcoming Dividend • Sep 06
Upcoming dividend of CA$0.045 per share Eligible shareholders must have bought the stock before 13 September 2024. Payment date: 30 September 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (4.2%). Declared Dividend • Aug 04
Second quarter dividend of CA$0.045 announced Shareholders will receive a dividend of CA$0.045. Ex-date: 13th September 2024 Payment date: 30th September 2024 Dividend yield will be 4.0%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to remain steady over the next 3 years, which should provide adequate earnings cover for the dividend. Reported Earnings • Jul 31
Second quarter 2024 earnings released: EPS: CA$0.08 (vs CA$0.045 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.08 (up from CA$0.045 in 2Q 2023). Revenue: CA$211.8m (up 26% from 2Q 2023). Net income: CA$16.2m (up 65% from 2Q 2023). Profit margin: 7.7% (up from 5.8% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Europe are expected to grow by 4.2%. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Jul 04
Trican Well Service Ltd. to Report Q2, 2024 Results on Jul 30, 2024 Trican Well Service Ltd. announced that they will report Q2, 2024 results After-Market on Jul 30, 2024 Upcoming Dividend • Jun 07
Upcoming dividend of CA$0.045 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.5%). In line with average of industry peers (3.8%). Declared Dividend • May 17
First quarter dividend of CA$0.045 announced Shareholders will receive a dividend of CA$0.045. Ex-date: 14th June 2024 Payment date: 28th June 2024 Dividend yield will be 4.6%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 4.6% over the next 3 years. However, it would need to fall by 68% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • May 14
First quarter 2024 earnings released: EPS: CA$0.20 (vs CA$0.20 in 1Q 2023) First quarter 2024 results: EPS: CA$0.20 (down from CA$0.20 in 1Q 2023). Revenue: CA$271.9m (down 8.5% from 1Q 2023). Net income: CA$41.2m (down 11% from 1Q 2023). Profit margin: 15% (in line with 1Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 1.8% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Apr 02
Trican Well Service Ltd. to Report Q1, 2024 Results on May 13, 2024 Trican Well Service Ltd. announced that they will report Q1, 2024 results After-Market on May 13, 2024 Upcoming Dividend • Mar 07
Upcoming dividend of CA$0.045 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 29 March 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (3.8%). Announcement • Mar 01
Trican Well Service Ltd., Annual General Meeting, May 14, 2024 Trican Well Service Ltd., Annual General Meeting, May 14, 2024. Reported Earnings • Feb 22
Full year 2023 earnings released: EPS: CA$0.56 (vs CA$0.33 in FY 2022) Full year 2023 results: EPS: CA$0.56 (up from CA$0.33 in FY 2022). Revenue: CA$972.7m (up 12% from FY 2022). Net income: CA$121.0m (up 53% from FY 2022). Profit margin: 12% (up from 9.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 1.7% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. New Risk • Jan 17
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 7.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 7.0% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Nov 11
Trican Well Service Ltd. Approves Dividend, Payable on December 29, 2023 On November 9, 2023, the board of directors of Trican Well Service Ltd. approved a dividend of $0.04 per share with distribution to be made on December 29, 2023 to shareholders of record as of the close of business on December 15, 2023. Reported Earnings • Nov 10
Third quarter 2023 earnings released: EPS: CA$0.17 (vs CA$0.16 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.17. Revenue: CA$252.5m (down 2.2% from 3Q 2022). Net income: CA$36.4m (down 4.8% from 3Q 2022). Profit margin: 14% (in line with 3Q 2022). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Energy Services industry in Europe. Announcement • Oct 11
Trican Well Service Ltd. to Report Q3, 2023 Results on Nov 09, 2023 Trican Well Service Ltd. announced that they will report Q3, 2023 results After-Market on Nov 09, 2023 Upcoming Dividend • Sep 07
Upcoming dividend of CA$0.04 per share at 3.2% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 30 September 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.1%). Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: CA$0.045 (vs CA$0.006 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.045 (up from CA$0.006 in 2Q 2022). Revenue: CA$168.2m (up 10% from 2Q 2022). Net income: CA$9.84m (up CA$8.37m from 2Q 2022). Profit margin: 5.8% (up from 1.0% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 126% per year but the company’s share price has only increased by 66% per year, which means it is significantly lagging earnings growth. New Risk • Jul 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.7% average weekly change). Announcement • Jul 06
Trican Well Service Ltd. to Report Q2, 2023 Results on Aug 01, 2023 Trican Well Service Ltd. announced that they will report Q2, 2023 results After-Market on Aug 01, 2023 Upcoming Dividend • Jun 07
Upcoming dividend of CA$0.04 per share at 4.8% yield Eligible shareholders must have bought the stock before 14 June 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 8.4% and this is well supported by cash flows. Trailing yield: 4.8%. Within top quartile of German dividend payers (4.7%). In line with average of industry peers (4.5%). Reported Earnings • May 12
First quarter 2023 earnings released: EPS: CA$0.20 (vs CA$0.054 in 1Q 2022) First quarter 2023 results: EPS: CA$0.20 (up from CA$0.054 in 1Q 2022). Revenue: CA$297.0m (up 36% from 1Q 2022). Net income: CA$46.0m (up 245% from 1Q 2022). Profit margin: 16% (up from 6.1% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has only increased by 71% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €2.02, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Energy Services industry in Europe. Total returns to shareholders of 556% over the past three years. Upcoming Dividend • Mar 07
Upcoming dividend of CA$0.04 per share Eligible shareholders must have bought the stock before 14 March 2023. Payment date: 31 March 2023. The company last paid an ordinary dividend in May 2012. The average dividend yield among industry peers is 3.7%. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €2.50, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Energy Services industry in Europe. Total returns to shareholders of 346% over the past three years. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: CA$0.33 (vs CA$0.048 in FY 2021) Full year 2022 results: EPS: CA$0.33 (up from CA$0.048 in FY 2021). Revenue: CA$866.3m (up 54% from FY 2021). Net income: CA$79.2m (up CA$67.2m from FY 2021). Profit margin: 9.1% (up from 2.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth. Announcement • Jan 07
Trican Well Service Ltd. to Report Q4, 2022 Results on Feb 22, 2023 Trican Well Service Ltd. announced that they will report Q4, 2022 results After-Market on Feb 22, 2023 Reported Earnings • Nov 11
Third quarter 2022 earnings released: EPS: CA$0.16 (vs CA$0.036 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.16 (up from CA$0.036 in 3Q 2021). Revenue: CA$258.3m (up 57% from 3Q 2021). Net income: CA$38.2m (up 320% from 3Q 2021). Profit margin: 15% (up from 5.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 68% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €2.02, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Energy Services industry in Europe. Total returns to shareholders of 197% over the past three years. Reported Earnings • Jul 27
Second quarter 2022 earnings released: EPS: CA$0.006 (vs CA$0.033 loss in 2Q 2021) Second quarter 2022 results: EPS: CA$0.006 (up from CA$0.033 loss in 2Q 2021). Revenue: CA$152.6m (up 63% from 2Q 2021). Net income: CA$1.47m (up CA$9.89m from 2Q 2021). Profit margin: 1.0% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 31%, compared to a 20% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 60% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 13
First quarter 2022 earnings released: EPS: CA$0.054 (vs CA$0.007 in 1Q 2021) First quarter 2022 results: EPS: CA$0.054 (up from CA$0.007 in 1Q 2021). Revenue: CA$218.9m (up 48% from 1Q 2021). Net income: CA$13.3m (up CA$11.7m from 1Q 2021). Profit margin: 6.1% (up from 1.1% in 1Q 2021). Over the next year, revenue is forecast to grow 29%, compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 51% per year whereas the company’s share price has increased by 49% per year. Reported Earnings • Feb 25
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CA$0.048 (up from CA$0.88 loss in FY 2020). Revenue: CA$562.5m (up 42% from FY 2020). Net income: CA$12.1m (up CA$245.4m from FY 2020). Profit margin: 2.1% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 39%, compared to a 21% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 32% per year. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CA$0.036 (vs CA$0.098 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$164.5m (up 122% from 3Q 2020). Net income: CA$9.09m (up CA$34.8m from 3Q 2020). Profit margin: 5.5% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Breakeven Date Change • Sep 23
Forecast to breakeven in 2022 The 9 analysts covering Trican Well Service expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of CA$24.9m in 2022. Average annual earnings growth of 102% is required to achieve expected profit on schedule. Reported Earnings • Jul 28
Second quarter 2021 earnings released: CA$0.033 loss per share (vs CA$0.11 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: CA$93.7m (up 230% from 2Q 2020). Net loss: CA$8.42m (loss narrowed 71% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Jun 27
Independent Chairman of the Board recently bought €36k worth of stock On the 25th of June, Thomas Alford bought around 20k shares on-market at roughly €1.80 per share. This was the largest purchase by an insider in the last 3 months. This was Thomas' only on-market trade for the last 12 months. Executive Departure • Jun 24
Independent Director Michael Rapps has left the company On the 18th of June, Michael Rapps' tenure as Independent Director ended after 2.1 years in the role. As of March 2021, Michael still personally held 114.00k shares (€157k worth at the time). A total of 6 executives have left over the last 12 months. The current median tenure of the management team is 2.17 years. Executive Departure • Jun 23
Independent Director Michael Rapps has left the company On the 18th of June, Michael Rapps' tenure as Independent Director ended after 2.1 years in the role. As of March 2021, Michael still personally held 114.00k shares (€157k worth at the time). A total of 6 executives have left over the last 12 months. The current median tenure of the management team is 2.17 years. Executive Departure • Jun 15
Interim Chief Financial Officer Klaas Deemter has left the company On the 14th of June, Klaas Deemter's tenure as Interim Chief Financial Officer ended after less than a year in the role. As of March 2021, Klaas still personally held only 22.42k shares (€31k worth at the time). A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 2.17 years. Executive Departure • May 21
Lead Independent Director has left the company On the 13th of May, G. Brooks' tenure as Lead Independent Director ended after 12.2 years in the role. We don't have any record of a personal shareholding under Brooks' name. A total of 4 executives have left over the last 12 months. Executive Departure • May 21
Independent Director has left the company On the 13th of May, Kevin Nugent's tenure as Independent Director ended after 13.2 years in the role. As of March 2021, Kevin personally held 91.07k shares (€126k worth at the time). A total of 4 executives have left over the last 12 months. Breakeven Date Change • May 21
Forecast breakeven pushed back to 2023 The 9 analysts covering Trican Well Service previously expected the company to break even in 2022. New consensus forecast suggests the company will make a profit of CA$48.6m in 2023. Average annual earnings growth of 99% is required to achieve expected profit on schedule. Breakeven Date Change • May 15
Forecast breakeven pushed back to 2023 The 9 analysts covering Trican Well Service previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 91% per year to 2022. The company is expected to make a profit of CA$48.6m in 2023. Average annual earnings growth of 105% is required to achieve expected profit on schedule. Reported Earnings • May 14
First quarter 2021 earnings released: EPS CA$0.007 (vs CA$0.58 loss in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: CA$148.0m (down 23% from 1Q 2020). Net income: CA$1.67m (up CA$156.2m from 1Q 2020). Profit margin: 1.1% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • Mar 06
Trican Well Service Ltd., Annual General Meeting, May 13, 2021 Trican Well Service Ltd., Annual General Meeting, May 13, 2021. Reported Earnings • Feb 26
Full year 2020 earnings released: CA$0.88 loss per share (vs CA$0.25 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: CA$397.0m (down 38% from FY 2019). Net loss: CA$233.3m (loss widened 227% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 63% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 26
Revenue beats expectations Revenue exceeded analyst estimates by 3.7%. Over the next year, revenue is forecast to grow 15% compared to a 11% decline forecast for the Energy Services industry in Germany. Is New 90 Day High Low • Feb 23
New 90-day high: €1.21 The company is up 32% from its price of €0.92 on 25 November 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.60 per share. Announcement • Feb 17
Trican Well Service Ltd. to Report Q4, 2020 Results on Feb 23, 2021 Trican Well Service Ltd. announced that they will report Q4, 2020 results After-Market on Feb 23, 2021 Announcement • Jan 20
Trican Well Service Ltd. Appoints Michael J. McNulty to Its Board of Directors and Member of the Audit Committee Trican Well Service Ltd. announced the appointment of Michael J. McNulty to its Board of Directors, effective January 18, 2021. Mr. McNulty will also serve as a member of the Audit Committee. Mr. McNulty is currently a Managing Partner at Pillar Four Capital. His distinguished career of over 40 years in the global energy services sector began at Schlumberger. Thereafter, he held executive positions with Precision Drilling Ltd., Saxon Energy Services Ltd. and Calfrac Well Services Ltd. Announcement • Jan 14
Trican Well Service Ltd. Announces That Robert Skilnick, Trican's Chief Financial Officer, Has Resigned, Anticipates to Leaves in March 2021 Trican Well Service Ltd. announced that Robert Skilnick, Trican's Chief Financial Officer, has resigned in order to pursue another business opportunity. Mr. Skilnick plans to remain with the Company to complete the year-end financial reporting process and to provide for an orderly transition period, which is anticipated to be completed in March 2021. Is New 90 Day High Low • Jan 13
New 90-day high: €1.09 The company is up 37% from its price of €0.80 on 15 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Energy Services industry, which is up 45% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.95 per share. Is New 90 Day High Low • Dec 29
New 90-day high: €1.01 The company is up 40% from its price of €0.72 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Energy Services industry, which is up 41% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.04 per share. Is New 90 Day High Low • Dec 11
New 90-day high: €0.98 The company is up 49% from its price of €0.66 on 11 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 32% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.56 per share. Announcement • Dec 10
Trican Well Service Ltd. Announces Appointment of Thomas M. Alford to its Board of Directors Trican Well Service Ltd. (‘Trican’ or the ‘Company’) announced the appointment of Thomas M. Alford to its Board of Directors, effective December 8, 2020. Following the appointment of Mr. Alford, the Board will be comprised of six directors, five of whom are independent. Mr. Alford is currently the President of Well Servicing at Precision Drilling Corp. and brings a distinguished career of 40 years in the western Canadian energy services sector to Trican's Board. He presently sits on the Board of Wajax Corporation, a publicly traded company that is one of Canada's leading industrial products and services providers. His previous Board roles include directorships at publicly traded oil field companies in western Canada. Is New 90 Day High Low • Nov 10
New 90-day high: €0.82 The company is up 28% from its price of €0.64 on 11 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.88 per share. Analyst Estimate Surprise Post Earnings • Nov 07
Revenue beats expectations Revenue exceeded analyst estimates by 21%. Over the next year, revenue is expected to shrink by 20% compared to a 9.7% decline forecast for the Energy Services industry in Germany. Reported Earnings • Nov 07
Third quarter 2020 earnings released: CA$0.098 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: CA$74.1m (down 46% from 3Q 2019). Net loss: CA$25.7m (loss widened 55% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 78% per year but the company’s share price has only fallen by 38% per year, which means it has not declined as severely as earnings. Announcement • Oct 15
Trican Well Service Ltd. to Report Q3, 2020 Results on Nov 06, 2020 Trican Well Service Ltd. announced that they will report Q3, 2020 results at 9:00 AM, Eastern Standard Time on Nov 06, 2020 Is New 90 Day High Low • Oct 06
New 90-day high: €0.76 The company is up 41% from its price of €0.54 on 08 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is down 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.60 per share. Announcement • Jul 24
Trican Well Service Ltd. Announces CEO Changes, Effective September 1, 2020 Trican Well Service Ltd. announced that Dale M. Dusterhoft will step down as Chief Executive Officer of the Corporation and that the Board of Directors has appointed Bradley P.D. Fedora as Chief Executive Officer. Mr. Dusterhoft will continue in his current position and assist with this leadership transition, with Mr. Fedora's appointment becoming effective September 1, 2020. Mr. Fedora joined the Trican Board in July 2017 following the completion of the merger of Canyon Services Group Inc. ("Canyon") with Trican. During his 10-year term as Chief Executive Officer, Mr. Fedora oversaw the growth of Canyon from a small regional player to one of the largest pressure pumpers in western Canada with strong financial performance. Announcement • Jul 08
Trican Well Service Ltd. to Report Q2, 2020 Results on Jul 31, 2020 Trican Well Service Ltd. announced that they will report Q2, 2020 results at 9:00 AM, Eastern Standard Time on Jul 31, 2020 
