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Trican Well Service boosted 2025 profits, returned $96.3M to shareholders, and plans a $40M natural gas fracturing fleet by late 2026.
Trican Well Service Ltd. reported stronger 2025 results, with revenue rising 12% to $1.096 billion and net profit increasing to $112.2 million, driven by the acquisition of Iron Horse Coiled Tubing and higher activity.
The company returned $96.3 million to shareholders via dividends and share buybacks, and declared a 10% higher quarterly dividend.
Trican also announced a $40 million investment to launch Canada’s first 100% natural gas-powered fracturing fleet by late 2026 and plans a $10 million tech upgrade with AI integration.
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Trican Well Service aumentó las ganancias de 2025, devolvió $96.3M a los accionistas, y planea una flota de fracturación de gas natural de $40M para finales de 2026.