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Home CompaniesTrican Well Service Ltd.

Trican Well Service Ltd.

Energy Oil & Gas Equipment & Services
PortfolioPortfolio WatchlistWatchlist
Company price
6.19 CAD -0.26 ( 4.03%)
Last update at 2026-11-04T20:28:00Z
VOLUME
688880
Market Cap
1353.43M
P/E
11.28

Momentum Score

…

Trican Well Service Ltd., an equipment services company, provides various products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells in Canada. The company offers hydraulic fracturing solutions, including slick water and high-viscosity friction reducer and guar alternatives fluid systems, other systems, dissolvable ball sealers and diverting agents, logistical and laboratory solutions, fracture design, and minifrac test and analysis, as well as sand, resin coated sand, and ceramic proppants. It also provides cementing solutions, such as pre-flushes and spacers, cement plugs, lost circulation, cement design, and laboratory solutions, as well as surface, intermediate, production, liner, horizontal, and remedial/squeeze cementing; and acidizing solutions comprising fracture acidizing and production enhancement, formation damage, scales, emulsions, and organic deposits. In addition, the company offers coiled tubing solutions, which include coiled tubing fracturing, e-coil, in-house engineering, and acidizing and production enhancement, as well as milling, such as fracturing plugs and ports, stage tool/debris sub, cement milling, and confirmation runs; technical solutions comprising lab services; and iron horse energy services. Further, it provides nitrogen services; and sells chemicals. The company was formerly known as Trican Oilwell Service Co. Ltd. and changed its name to Trican Well Service Ltd. in June 1997. Trican Well Service Ltd. was incorporated in 1979 and is headquartered in Calgary, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
6.11
Low
6.45
High
52 Week Price Range
3.83
Low
7.94
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Trican Well Service Ltd provides hydraulic fracturing, coiled tubing, cementing and related completion services to oil and gas producers mainly in Canada and other North American markets. Long-term growth drivers include higher drilling and completion activity, increases in commodity prices that expand operator spending, and improved equipment utilization and service efficiencies. Investors may find exposure to a potential energy-sector recovery and an established field-service footprint attractive.
Principal risk is high demand cyclicality tied to oil and gas prices, which creates volatile revenue, capital intensity and competitive pressure that could strain margins and financial flexibility.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
6.45
Dividend Yield
3.31%
Revenue TTM
1096.19M
Revenue Per Share
5.67
Gross Profit TTM
300.91M
Debt / Equity
0.19
ROE
18.95%
Net Debt
121.72M
ROCE
18.72%
Diluted EPS TTM
0.57

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 147.86M 145.51M 158.97M 107.88M 11.98M
Net income 112.19M 109.48M 121.01M 79.22M 12.06M
Selling general administrative 57.48M 43.77M 39.54M 37.68M 29.91M
Gross profit 212.86M 190.00M 201.15M 150.34M 43.29M
Reconciled depreciation 88.05M 77.54M 77.20M 80.22M 87.81M
Ebit 165.59M 148.00M 161.56M 110.18M 14.22M
Ebitda 253.64M 225.54M 238.76M 192.57M 102.40M
Depreciation and amortization 88.05M 77.54M 77.20M 82.39M 88.18M
Operating income 165.59M 148.51M 161.62M 110.18M 14.22M
Other operating expenses 930.60M 832.33M 811.12M 753.95M 547.89M
Interest expense 4.40M 2.48M 2.59M 2.57M 1.97M
Tax provision 35.66M 36.03M 37.96M 28.67M -0.08M
Interest income 4.67M 3.00M 2.65M 2.30M 2.24M
Net interest income -4.40M -2.48M -2.59M -2.57M -1.97M
Extraordinary items - - - 0.00M 5.16M
Income tax expense 35.66M 36.03M 37.96M 28.67M -0.08M
Total revenue 1096.19M 980.84M 972.68M 866.29M 562.48M
Total operating expenses 47.26M 41.49M 39.54M 37.99M 28.70M
Cost of revenue 883.33M 790.84M 771.53M 715.95M 519.19M
Total other income expense net -17.74M -3.00M -2.65M -2.30M -2.24M
Discontinued operations - - - - 5.16M
Net income from continuing ops 112.19M 109.48M 121.01M 79.22M 12.06M
Net income applicable to common shares 112.19M 109.48M 121.01M 79.22M 17.22M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 1013.72M 683.07M 710.44M 671.12M 577.84M
Intangible assets 61.05M - - 3.04M 13.50M
Other current assets 12.52M - 6.20M 5.02M 4.02M
Total liab 317.87M 194.68M 193.38M 166.45M 88.44M
Total stockholder equity 695.85M 488.39M 517.07M 504.67M 489.40M
Other current liab 72.38M - 89.62M 37.90M 35.82M
Common stock 831.08M - 753.08M 829.20M 893.85M
Capital stock 831.08M 679.37M 753.08M 829.20M 893.85M
Retained earnings -203.21M -266.26M -319.35M -410.33M -492.24M
Other liab - - - 33.15M 2.95M
Good will 74.02M - - - -
Other assets - - - - 0.00M
Cash 12.46M 26.28M 88.75M 58.11M 29.51M
Total current liabilities 128.96M 135.48M 144.44M 93.90M 77.58M
Net debt 121.72M - -70.61M -15.72M -19.19M
Short term debt 6.12M - 4.42M 2.99M 2.41M
Short long term debt total 134.19M - 18.14M 42.39M 10.32M
Other stockholder equity 67.98M - 83.34M 85.79M 87.80M
Property plant equipment - - - 404.81M 383.00M
Total current assets 320.64M 263.44M 297.63M 263.26M 181.34M
Net tangible assets - - - 501.63M 475.90M
Net receivables 260.68M 210.62M 181.13M 175.44M 128.77M
Long term debt 92.40M - - 29.82M -
Inventory 34.98M 20.27M 21.55M 24.69M 19.04M
Accounts payable 50.45M 64.21M 50.40M 53.01M 39.35M
Non currrent assets other 21.67M - - - -
Non current assets total 693.07M 419.63M 412.82M 407.86M 396.50M
Capital lease obligations 23.96M 20.01M 18.14M 12.57M 10.32M
Long term debt total - - - 39.40M 7.91M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -75.92M -90.05M -85.80M -39.35M
Change to liabilities - - - 18.25M 19.35M
Total cashflows from investing activities -126.10M -75.92M -75.09M -85.80M -39.35M
Net borrowings 47.52M -5.01M -33.53M 26.72M -3.31M
Total cash from financing activities -55.29M -141.39M -142.73M -37.83M -27.84M
Change to operating activities - - - -1.00M 0.74M
Net income 112.19M 109.48M 121.01M 79.22M 12.06M
Change in cash -13.82M -62.47M 30.64M 28.60M 6.90M
Begin period cash flow 26.28M 88.75M 58.11M 29.51M 22.61M
End period cash flow 12.46M 26.28M 88.75M 58.11M 29.51M
Total cash from operating activities 167.58M 154.84M 248.46M 152.23M 74.10M
Issuance of capital stock - - - - 2.22M
Depreciation 88.05M 77.54M 77.20M 80.22M 87.81M
Other cashflows from investing activities -13.07M -0.85M 4.20M 17.82M 4.37M
Dividends paid 41.59M -35.58M -34.34M - -
Change to inventory -7.31M 1.28M 3.14M -5.65M 2.56M
Change to account receivables 3.69M -29.49M 10.08M -47.65M -51.03M
Sale purchase of stock -54.66M -95.03M -78.46M -68.99M -26.75M
Other cashflows from financing activities -51.94M -5.77M -0.07M 34.44M -39.35M
Change to netincome - - - 28.84M -2.55M
Capital expenditures 62.89M 75.07M 79.29M 103.62M 53.88M
Change in working capital -26.46M -5.25M 48.41M -36.05M -28.38M
Stock based compensation 0.00M 0.07M 0.59M 1.22M 2.16M
Other non cash items -41.87M -63.03M -0.34M -1.05M 0.52M
Free cash flow 104.69M 79.78M 169.17M 48.61M 20.21M

Peer Comparison*

Sector: Energy Industry: Oil & Gas Equipment & Services

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
TCW
Trican Well Service Ltd.		 -0.26
4.03%		 6.19 11.28 10.49 1.23 1.92 1.31 5.99
EFX
Enerflex Ltd.		 -4.31
13.18%		 28.40 44.54 15.80 1.50 2.60 1.33 8.44
CEU
CES Energy Solutions Corp		 -1.75
8.56%		 18.70 19.15 17.92 1.48 4.60 1.67 10.57
TVK
Terravest Capital Inc		 -3.58
3.24%		 107.04 32.39 57.14 1.91 4.02 2.52 11.60
PSI
Pason Systems Inc.		 -0.31
2.23%		 13.58 18.62 15.02 2.34 2.03 2.22 6.51

Profile*

Trican Well Service Ltd.

Trican Well Service Ltd., an equipment services company, provides various products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells in Canada. The company offers hydraulic fracturing solutions, including slick water and high-viscosity friction reducer and guar alternatives fluid systems, other systems, dissolvable ball sealers and diverting agents, logistical and laboratory solutions, fracture design, and minifrac test and analysis, as well as sand, resin coated sand, and ceramic proppants. It also provides cementing solutions, such as pre-flushes and spacers, cement plugs, lost circulation, cement design, and laboratory solutions, as well as surface, intermediate, production, liner, horizontal, and remedial/squeeze cementing; and acidizing solutions comprising fracture acidizing and production enhancement, formation damage, scales, emulsions, and organic deposits. In addition, the company offers coiled tubing solutions, which include coiled tubing fracturing, e-coil, in-house engineering, and acidizing and production enhancement, as well as milling, such as fracturing plugs and ports, stage tool/debris sub, cement milling, and confirmation runs; technical solutions comprising lab services; and iron horse energy services. Further, it provides nitrogen services; and sells chemicals. The company was formerly known as Trican Oilwell Service Co. Ltd. and changed its name to Trican Well Service Ltd. in June 1997. Trican Well Service Ltd. was incorporated in 1979 and is headquartered in Calgary, Canada.

645 - 7th Avenue S.W., Calgary, AB, Canada, T2P 4G8

403-266-0202

https://tricanwellservice.com

1673

Name Title Year Born
Mr. Bradley P. D. Fedora MBA Pres, CEO & Non-Independent Director 1970
Mr. Scott Matson Chief Financial Officer NA
Mr. Todd G. Thue C.E.T. Chief Operating Officer NA
Dr. Chika Benjamin Onwuekwe L.L.M., Ph.D., Q.C. VP of Legal, Gen. Counsel & Corp. Sec. NA
Ms. Dawn Amanda Sweany VP of HR NA
Mr. Dale M. Dusterhoft Exec. Officer 1961
Mr. Bradley P. D. Fedora MBA President, CEO & Non-Independent Director 1970
Mr. Scott E. Matson Chief Financial Officer NA
Dr. Chika Benjamin Onwuekwe L.L.M., Ph.D., Q.C. VP of Legal, General Counsel & Corporate Secretary NA
Mr. Brian James Lane Vice President of Sales & Marketing NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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