Calgary, Alberta--(Newsfile Corp. - January 2, 2026) - Trican Well Service Ltd. (TSX: TCW) ("Trican" or the "Company") intends to release its Fourth Quarter 2025 results on Wednesday, February 18, 2026 after the close of the market. The Company will host a conference call on Thursday, February 19, 2026 at 10:00 a.m. MT (12:00 p.m. ET) to discuss its results for the Fourth Quarter 2025.To listen to the webcast of the conference call, please enter the following URL in your web browser: https://www.gowebcasti ...

Core Viewpoint - Trican Well Service Ltd. has successfully expanded and extended its Revolving Credit Facility from $150 million to $200 million, with a new maturity date set for December 5, 2028, enhancing its financial flexibility and supporting operational and strategic growth initiatives [1][2]. Financial Position - The expansion of the Revolving Credit Facility underscores Trican's strong financial position and commitment to delivering long-term value to stakeholders [2]. Company Overview - Trican Well Service Ltd. is headquartered in Calgary, Alberta, and provides oil and natural gas well servicing equipment and solutions throughout the drilling, completion, and production cycles [3]. - The company offers a range of services including hydraulic fracturing, cementing, coiled tubing, nitrogen services, and chemical sales, supported by a team of technical experts [3].

Core Points - Trican Well Service Ltd. plans to release its Third Quarter 2025 results on October 28, 2025, after market close [1] - A conference call to discuss the results will be held on October 29, 2025, at 10:00 a.m. MT [1] - The conference call will be accessible via a webcast and will also be archived on Trican's website [2][3] Company Overview - Trican is headquartered in Calgary, Alberta, and provides oil and natural gas well servicing equipment and solutions [4] - The company is the largest pressure pumping service provider in Canada, offering services throughout the drilling, completion, and production cycles [4] - Trican's services include hydraulic fracturing, cementing, coiled tubing, nitrogen services, and chemical sales for the oil and gas industry in Western Canada [4]

Core Viewpoint - Trican Well Service Ltd. has received approval from the Toronto Stock Exchange to renew its normal course issuer bid, allowing the company to repurchase up to 18,405,613 common shares, which is 10% of its public float as of September 22, 2025 [1]. Group 1: NCIB Details - The NCIB will be effective from October 5, 2025, to October 4, 2026, or until it is completed or terminated by the company [1]. - As of September 22, 2025, Trican had 212,231,345 common shares issued and outstanding, with a public float of 184,056,131 shares [1]. - The company is subject to a daily purchase limit of 131,393 common shares, which is 25% of the average daily trading volume of 525,572 shares over the past six months [2]. Group 2: Purchase Mechanism - Trican may execute one block purchase per calendar week that exceeds the daily purchase limit [2]. - All shares repurchased through the NCIB will be returned to treasury for cancellation and will be purchased at the prevailing market price [2]. Group 3: Automatic Securities Purchase Plan - The company plans to establish an automatic securities purchase plan with a designated broker to facilitate share repurchases during regulatory restrictions or blackout periods [3]. Group 4: Previous NCIB Performance - Under the previous NCIB program (2024-2025), Trican repurchased 13,187,215 common shares for a total of $56.4 million at an average price of $4.27 per share, which is 69% of the maximum allowable shares under that program [4]. - Since initiating its NCIB strategy in 2017, Trican has repurchased 177 million common shares, approximately 51% of the shares outstanding at that time [5]. Group 5: Shareholder Returns Strategy - Providing returns to shareholders is a core strategy for Trican, which views investment in the NCIB program as an effective method for delivering shareholder returns [6]. - The company is committed to maintaining a financially prudent capital structure while managing the NCIB program according to its financial position and results [6].