Trican Well Service Ltd.: Trican Reports Second Quarter Results for 2021
Trican or the
Company ) is pleased to announce its second quarter results for 2021. The following news release should be read in conjunction with Management s Discussion and Analysis ( MD&A ), the unaudited interim consolidated financial statements and related notes of Trican for the three and six months ended June 30, 2021, as well as the Annual Information Form for the year ended December 31, 2020. All of these documents are available on SEDAR at www.sedar.com.
HIGHLIGHTS
Consolidated revenue from continuing operations was $93.7 million in Q2 2021, a 230% increase compared to Q2 2020.
Adjusted EBITDA for the three months ended June 30, 2021, was $14.2 million, compared to negative $5.3 million for the three months ended June 30, 2020. Adjusted EBITDA for the three months ended June 30, 2021 was positively affected by higher activity levels and a lower cost structure, as well as the recognition of $6.1