- Trican Well Service press release ( OTCPK:TOLWF ): Q3 GAAP EPS of $0.16.
- Revenue of $258.3M (+57.0% Y/Y) beats by $66.22M .
- Adjusted EBITDAS and adjusted EBITDA for the three months ended September 30, 2022 were $72.1 million and $70.9 million, compared to $33.2 million and $32.1 million, respectively, for the three months ended September 30, 2021.
- Free cash flow for the three months ended September 30, 2022 was $64.9 million compared to $29.9 million for the three months ended September 30, 2021.
- Trican's 2022 capital spending program remains at $114, with maintenance capital anticipated to be $30 million and growth and upgrade capital of approximately $67 million primarily related to our Tier 4 DGB fleet upgrade program. Capital expenditures are funded with available cash resources and free cash flow.
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Trican Well Service GAAP EPS of $0.16, revenue of $258.3M beats by $66.22M