Canada's Trican Well Service Q1 adjusted EPS misses estimates

Trican Well Service

12/05/2026 01:02

Overview

Canada oilfield services firm's Q1 revenue rose yr/yr, adjusted EPS missed analyst expectations

Profit declined due to higher share-based compensation, tech expenses and Iron Horse acquisition depreciation

Company raised quarterly dividend by 10% and repurchased shares under NCIB program

Outlook

Trican expects tightening supply-demand in H2 2026 may support more favorable pricing

Company sees Canadian LNG export capacity and infrastructure supporting sustained activity through 2026 and beyond

Trican plans $122 mln in 2026 capital expenditures, including investments in fleet modernization and technology

Result Drivers

OPERATING ACTIVITY & ACQUISITION - Revenue growth driven by increased operating activity and contribution from Iron Horse acquisition

HIGHER EXPENSES - Profit impacted by higher share-based compensation, technology initiative expenses, and Iron Horse acquisition depreciation

PRICING PRESSURE - Significant pricing pressure for completion services due to competitive market conditions

Company press release: ID:nNFC1764BS

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
C$330.30 mln
C$339.90 mln (1 Analyst)
Q1 EPS
Miss
C$0.14
C$0.16 (4 Analysts)
Q1 Net Income
C$30.30 mln
C$39 mln (1 Analyst)
Q1 Adjusted EBITDA
C$70.10 mln
Q1 Free Cash Flow
C$49.60 mln
Q1 Gross Profit
C$65.40 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil related services and equipment peer group is "buy."

Wall Street's median 12-month price target for Trican Well Service Ltd is C$7.25, about 1.1% above its May 11 closing price of C$7.17

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)