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Trican Well Service Q1 Earnings Call Highlights
Key takeaways
- Trican Well Service Q1 Earnings Call Highlights Market Beat Sun, May 17, 2026 at 12:12 AM GMT+7 7 min read TCW.TO TCW.NE Key Points Interested in Trican Well Service Ltd.?
- Trican posted higher Q1 revenue of CAD 330.3 million, boosted by stronger activity and a full quarter of Iron Horse contribution, but margins were pressured by pricing weakness and cost inflation.
- Cash generation and balance-sheet improvement remained strong, with free cash flow of CAD 49.6 million and net debt falling to CAD 29.8 million.
Trican Well Service Q1 Earnings Call Highlights Market Beat Sun, May 17, 2026 at 12:12 AM GMT+7 7 min read TCW.TO TCW.NE Key Points Interested in Trican Well Service Ltd.? Here are five stocks we like better.
Trican posted higher Q1 revenue of CAD 330.3 million, boosted by stronger activity and a full quarter of Iron Horse contribution, but margins were pressured by pricing weakness and cost inflation. Adjusted EBITDA rose to CAD 70.1 million, while net earnings slipped slightly year over year.
Cash generation and balance-sheet improvement remained strong, with free cash flow of CAD 49.6 million and net debt falling to CAD 29.8 million. The company also continued buybacks under its NCIB and declared a CAD 0.0055 per share dividend.
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