Trican Reports Second Quarter Results for 2026 and Declares Quarterly Dividend

Calgary, Alberta--(Newsfile Corp. - July 28, 2026) - Trican Well Service Ltd. (TSX: TCW) ("Trican" or the "Company") is pleased to announce its second quarter results for 2026. The following news release should be read in conjunction with Management's Discussion and Analysis ("MD&A"), the unaudited condensed consolidated interim financial statements and related notes for the three and six months ended June 30, 2026, as well as the Annual Information Form ("AIF") for the year ended December 31, 2025. All of these documents are available on SEDAR+ at www.sedarplus.ca.

SECOND QUARTER HIGHLIGHTS * Trican's second quarter results were generally lower than the prior year period due to reduced operating activity and utilization levels compared to the exceptionally strong conditions experienced in Q2 2025. During the comparative period, customer concerns regarding water availability due to dry conditions and potential access restrictions arising from anticipated wildfire activity accelerated summer drilling and completion programs, resulting in unusually high demand for services earlier than would normally be experienced. By comparison, Q2 2026 reflected a more typical spring break-up period, with wet weather conditions in certain operating areas during June further impacting activity levels.