Trican Expands with Iron Horse Deal, Boosts Dividend — TSX:TCW

Highlights

• Trican Well Service Ltd (TSX:TCW) acquires Iron Horse Energy Services to enhance operational capacity

• The company announces a dividend increase aligned with its growth strategy

• Trican remains listed on the S&P/TSX Composite Index and S&P/TSX 60

Trican Well Service Ltd (TSX:TCW), a key player in the energy services sector, has officially expanded its operations through the acquisition of Iron Horse Energy Services. Listed on both the S&P/TSX Composite Index and the S&P/TSX 60, Trican continues to grow within Canada’s oilfield services market. This strategic move is aimed at increasing the company's service capabilities and operational scale within western Canada’s energy infrastructure landscape.

Acquisition to Strengthen Western Canadian Operations

Iron Horse Energy Services, which is headquartered in Alberta, is known for its specialized pressure pumping and fluid management solutions. Through this acquisition, Trican expands its equipment base and regional coverage, particularly across resource-rich areas in western Canada. The integration of Iron Horse’s assets and personnel is expected to improve efficiency and broaden customer access to expanded services.

Enhanced Service Offerings in Pressure Pumping

The deal introduces additional high-specification equipment to Trican’s existing portfolio, supporting the delivery of cementing, coiled tubing, and hydraulic fracturing services. This aligns with the company's focus on operational safety, equipment optimization, and maintaining a competitive service standard within the region. Iron Horse’s infrastructure and operational footprint will be incorporated into Trican’s broader network of service bases and client delivery systems.

Dividend Increase Reflects Strengthened Financial Position

Following the acquisition announcement, Trican declared an increase in its quarterly dividend. This update reflects an effort to return capital to shareholders while reinforcing its confidence in ongoing cash flow stability. The dividend enhancement marks the company's latest adjustment in capital distribution aligned with improved operational performance and disciplined financial management.

Commitment to Capital Discipline and Growth Strategy

Trican has remained focused on strengthening its balance sheet while pursuing targeted growth. The addition of Iron Horse is consistent with the company’s ongoing strategy to expand scale, maintain cost discipline, and deliver reliable oilfield services to producers across Canada. These efforts come amid a steady demand for completions and production support services, particularly in natural gas and liquids-rich basins.

Industry Context and Strategic Direction

As part of Canada’s energy services industry, Trican operates within a competitive environment that demands continuous innovation and adaptability. The acquisition of Iron Horse is in line with broader trends in the sector, where consolidation and service integration are commonly used to meet evolving customer requirements. Trican’s positioning on the S&P/TSX Composite Index and S&P/TSX 60 further underscores its established presence in the marketplace.

Operational Synergies and Workforce Integration

With the addition of Iron Horse’s experienced personnel and operational assets, Trican aims to enhance its service responsiveness and fleet reliability. Integration efforts are underway to align safety practices, technology systems, and operational procedures. The shared expertise between the two entities is expected to support a seamless transition and strengthen field execution across various basins.

Focus on Long-Term Efficiency and Market Adaptability

Trican continues to emphasize innovation and efficiency in its service offerings. The inclusion of Iron Horse’s capabilities will support ongoing initiatives around fleet modernization and digital integration. These upgrades are designed to improve equipment performance and enhance the overall service experience for customers