Trican Well Service Ltd. (T:TCW)
Business Focus: Oil Related Services and Equipment (NEC)
| Sector: Energy | Industry: Oil Related Services and Equipment |
| Company Contact | |
| Address: | 2900, 645 - 7 Avenue SW CALGARY AB T2P 4G8 |
| Tel: | N/A |
| Website: | https://www.tricanwellservice.com |
| IR: | See website |
| Key People | ||
| Bradley P.D. Fedora President, Chief Executive Officer, Director | Scott Matson Chief Financial Officer | Todd G. Thue Chief Operating Officer | Chika Benjamin Onwuekwe Vice President - Legal, General Counsel and Corporate Secretary |
| Business Overview |
| Trican Well Service Ltd. is a Canada-based oilfield services company. The Company supplies oil and natural gas well servicing equipment and solutions to its customers through the drilling, completion and production cycles. Its services include hydraulic fracturing, cementing, acidizing, coiled tubing and technical solutions. Its cementing solutions combine equipment, quality cement blends and ongoing research and development. Cementing solutions include pre-flushes and spacers, surface cementing, intermediate cementing, liner cementing, cement plugs and others. The coiled tubing includes milling, coiled tubing fracturing, E-Coil and others. It provides equipment, engineering support, reservoir expertise and laboratory services through the delivery of hydraulic fracturing, cementing, coiled tubing, nitrogen services and chemical sales for the oil and gas industry in Western Canada. Its milling services include fracturing plugs, fracturing ports, stage tool/debris sub and others. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Trican Well Service Ltd revenues increased 12% to C$972.7M. Net income increased 53% to C$121M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from G/L on Sale of Tangible & Intangible FA decrease of 74% to C$1M (expense), Personnel expenses - Severance decrease of 93% to C$146K (expense). |
| Employees: | 1,195 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $803.91M as of Dec 31, 2023 |
| Annual revenue (TTM): | $972.68M as of Dec 31, 2023 |
| EBITDA (TTM): | $239.96M as of Dec 31, 2023 |
| Net annual income (TTM): | $121.01M as of Dec 31, 2023 |
| Free cash flow (TTM): | $134.83M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 205,362,383 as of Apr 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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