Last $3.49 USD
Change Today -0.4677 / -11.82%
Volume 174.6K
As of 8:10 PM 02/26/15 All times are local (Market data is delayed by at least 15 minutes).

trican well service ltd (TOLWF) Key Developments

Trican Well Service Ltd. Provides Capital Spending Guidance for 2015

Trican Well Service Ltd. provided capital spending guidance for 2015. Almost all current capital initiatives relate to maintenance projects and given expected activity levels, and the company anticipates capital spending to be approximately $50 million to $60 million in 2015.

Trican Well Service Ltd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Reports Impairment Charge for the Fourth Quarter of 2014

Trican Well Service Ltd. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported revenue of $755.4 million compared to $552.1 million a year ago. Operating income was $4104.6 million compared to $35.5 million a year ago. Profit for the period was $4.9 million compared to loss for the period of $20.8 million a year ago. Basic and diluted earnings per share were $0.03 compared to basic and diluted loss per share of $0.14 a year ago. Adjusted profit was $33.0 million compared to adjusted loss of $15.8 million a year ago. Basic and diluted adjusted profit per share was $0.22 compared to basic and diluted adjusted loss per share of $0.11 a year ago. Funds provided by operations was $90.1 million compared to $30.0 million a year ago. Capital expenditures for the fourth quarter of 2014 totaled $21.1 million, compared with $20.9 million for the same period in 2013. For the full year, the company reported revenue of $2,703.9 million compared to $2,115.5 million a year ago. Operating income was $260.7 million compared to $179.6 million a year ago. Loss for the period was $5.0 million compared to loss for the period of $45.9 million a year ago. Basic and diluted loss per share was $0.03 compared to basic and diluted loss per share of $0.31 a year ago. Adjusted profit was $30.0 million compared to adjusted loss of $36.3 million a year ago. Basic and diluted adjusted profit per share was $0.20 compared to basic and diluted adjusted loss per share of $0.24 a year ago. Funds provided by operations was $229.6 million compared to $130.0 million a year ago. Capital expenditures were $90.0 million compared to $107.8 million in 2013. The company reported impairment charge for the fourth quarter of 2014. For the quarter, the company reported asset impairment write-downs of $12.4 million. The write-downs include $5.4 million relating to micro seismic software, $5.0 million of goodwill and equipment associated with the coiled tubing operations in Canada, and $2.0 million relating to cementing assets in Australia.

Trican Well Service Ltd. to Report Q4, 2014 Results on Feb 25, 2015

Trican Well Service Ltd. announced that they will report Q4, 2014 results After-Market on Feb 25, 2015

Trican Well Service Ltd., Q4 2014 Earnings Call, Feb 26, 2015

Trican Well Service Ltd., Q4 2014 Earnings Call, Feb 26, 2015

Trican Well Service Ltd. Presents at AltaCorp/ATB Energy Services Conference, Jan-13-2015

Trican Well Service Ltd. Presents at AltaCorp/ATB Energy Services Conference, Jan-13-2015 . Venue: Shangri-La Hotel, 188 University Avenue, Toronto, Ontario, Canada.

 

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