Aloha kakahiaka, nā wahine a me nā keonimana. Welina mai i ka Trican Well Service Q1 2022 Earnings Results Conference Call and Webcast. I mea hoʻomanaʻo, ke hoʻopaʻa ʻia nei kēia kelepona ʻaha kūkā.
Makemake au e hoʻohuli i ka hālāwai iā Mr. Brad Fedora, Pelekikena a Luna Nui o Trican Well Service Ltd.Mr.Fedora, e ʻoluʻolu e hoʻomau.
mahalo nui loa. Aloha kakahiaka, e na wahine a me na keonimana.Makemake au e mahalo aku ia oukou no kou komo ana mai i ka hui halawai Trican. He hoike pokole no ke ano o ko makou manao e alakai i ka leo o ka halawai. Aia mākou me mākou i kēia lā a aia mākou ma ka lima e pane i nā nīnau e hiki mai ana. E hoʻohuli wau i ke kelepona iā Scott.
Mahalo, Brad. No laila, ma mua o ka hoʻomaka ʻana, makemake wau e hoʻomanaʻo i nā mea a pau e loaʻa paha i kēia kelepona ʻaha kūkā nā ʻōlelo e nānā ana i mua a me nā ʻike ʻē aʻe e pili ana i ka manaʻo a i ʻole nā ​​hopena o kēia manawa o ka hui. E ʻoluʻolu e ʻike i kā mākou 2021 Annual Information Sheet a me ka ʻāpana Business Risks o ka MD&A no ka makahiki i pau i ka lā 31 Dekemaba, 2021 no ka wehewehe piha ʻana i nā pilikia a me nā kānalua ʻole o Trican. Loaʻa kēia mau palapala ma kā mākou pūnaewele a ma SEDAR.
I loko o kēia kelepona, e nānā mākou i kekahi mau huaʻōlelo ʻoihana maʻamau a e hoʻohana mākou i kekahi mau ana non-GAAP i ʻoi aku ka piha i kā mākou MD&A makahiki 2021 a me kā mākou MD&A i ka makahiki 2022.
No laila e huli au i kā mākou hopena no ka hapaha. ʻO ka hapa nui o kaʻu mau manaʻo e hoʻohālikelike ʻia i ka hapaha mua o ka makahiki i hala, a e hāʻawi wau i kekahi mau manaʻo i kā mākou hopena i hoʻohālikelike ʻia me ka hapahā ʻehā o 2021.
Ua hoʻomaka iki ka hapaha ma mua o kā mākou i manaʻo ai ma muli o ke anuanu o ke anuanu ma hope o nā lā hoʻomaha, akā ua ulu maikaʻi ʻo ia mai ia manawa. ʻoi aku ka ikaika ma mua o ka hapaha mua o ka makahiki i hala.
ʻO ka loaʻa kālā no ka hapaha he $219 miliona, he piʻi o 48% i hoʻohālikelike ʻia i kā mākou hopena hapaha mua o 2021. Mai kahi hiʻohiʻona o ka hana, ua piʻi kā mākou helu hana holoʻokoʻa ma kahi o 13% o ka makahiki ma mua o ka makahiki, a ʻo ka nui o ka proppant pumped, kahi ana kūpono o ka ikaika a me ka hana, ua piʻi i 12% makahiki ma luna o ka makahiki. ʻO nā pākēneka margin makahiki, ʻike mākou i ka liʻiliʻi loa ma ke ʻano o ka loaʻa kālā ʻoiai ʻo ka ʻoi loa a me ka hoʻomau mau ʻana o ka hoʻonui ʻana ua komo i nā mea a pau i luna.
Ua paʻa mau ka hana fracking mai ka hapaha ʻehā o 2021 a ua paʻa loa i ka manawa like i ka makahiki i hala. Ua hauʻoli mākou e kau i kā mākou pae mua 4 dynamic gas mixing frac extension i kēia makahiki.
Ke hoʻomau nei kā mākou mau hana i ka nānā ʻana i nā papahana pad-based, e kōkua ana i ka hōʻemi ʻana i ka manawa haʻahaʻa a me ka manawa huakaʻi ma waena o nā hana a kōkua i ka hoʻomaikaʻi ʻana i kā mākou hana holoʻokoʻa. i ka wā puna.
Ua hoʻonui ʻia nā lā paipu coiled he 17% ma ke kaʻina, i alakaʻi ʻia e kā mākou kelepona mua me nā mea kūʻai nui a me kā mākou hoʻoikaika mau e ulu i kēia māhele o ka ʻoihana.
ʻO ka EBITDA i hoʻoponopono ʻia he $ 38.9 miliona, kahi hoʻomaikaʻi nui mai ka $ 27.3 miliona a mākou i hana ai i ka hapaha mua o 2021. E kuhikuhi aku au i kā mākou helu EBITDA i hoʻoponopono ʻia e pili ana i nā lilo e pili ana i ka hoʻololi ʻana i ka wai, ʻo ia ka $ 1.6 miliona i ka hapaha a i ka manawa. 5.5 miliona a hiki i ka hapaha mua o 2021.
He mea nui hoʻi e hoʻomaopopo i kā mākou helu EBITDA i hoʻoponopono ʻia ʻaʻole e hoʻohui i ka hopena o ka nui o ka uku i hoʻopaʻa ʻia i ka waihona kālā.
Ua ʻike mākou he $3 miliona ka uku e pili ana i ke kālā i hoʻopaʻa ʻia i ka waihona kālā i ka hapaha, e hōʻike ana i ka piʻi wikiwiki ʻana o kā mākou kumukūʻai mai ka hopena o ka makahiki.
Ma ke kumu hoʻohui, ua loaʻa iā mākou ka loaʻa kālā maikaʻi o $13.3 miliona a i ʻole $0.05 no kēlā me kēia hapa o ka hapaha, a hauʻoli nui mākou i ka hōʻike ʻana i nā loaʻa maikaʻi i ka hapaha. ʻO ka lua o ka metric a mākou i hoʻohui ai i kā mākou hōʻike hoʻomau ʻana, ʻo ia ke kahe kālā manuahi, a mākou i hoʻopuka piha ai i kā mākou MD&A no ka hapaha mua o 2022. ʻO nā lilo e like me ka ukupanee, ka ʻauhau kālā, ka uku i hoʻopaʻa ʻia i ka waihona kālā a me nā hoʻolimalima kālā mālama.
ʻO nā lilo kālā no ka hapaha he $21.1 miliona, i māhele ʻia i ke kapikala mālama o $9.2 miliona a me ka hoʻonui ʻana i ke kapikala o $ 11.9 miliona, ka mea nui no kā mākou papahana hoʻoponopono hou e hoʻomaikaʻi i kahi hapa o kā mākou diesel mana maʻamau me nā mīkini Tier 4 DGB Pump truck.
I ko mākou haʻalele ʻana i ka hapaha, noho maikaʻi ka waihona koena me ke kapena hana maikaʻi ʻole o ke kālā ma kahi o $111 miliona a ʻaʻohe ʻaiʻē panakō lōʻihi.
ʻO ka mea hope loa, e pili ana i kā mākou papahana NCIB, ua hoʻomau mākou i ka hana i ka hapaha, ke kūʻai hou ʻana a me ka hoʻopau ʻana ma kahi o 2.8 miliona mau ʻāpana ma ke kumukūʻai awelika o $3.22 no kēlā me kēia mahele.
Mahalo, Scott. E ho'āʻo wau e mālama i kaʻu mau ʻōlelo i ka pōkole no ka mea ʻo ka hapa nui o nā manaʻo a me nā ʻōlelo a mākou e kamaʻilio ai i kēia lā e pili pono ana me kā mākou kelepona hope, ʻo ia hoʻi he mau pule a ʻelua paha mahina i hala, manaʻo wau.
No laila, ʻaʻohe mea i loli. Manaʻo wau - ke hoʻomau nei kā mākou ʻike i kēia makahiki a me ka makahiki e hiki mai ana. Ua piʻi nui ka hana o ka hapaha mua ma waena o kā mākou laina ʻoihana āpau i hoʻohālikelike ʻia i ka hapaha ʻehā ma muli o ke kumukūʻai o nā huahana. , e pili ana i ke kua o nā mea e hana nei ma ʻAmelika ʻĀkau.
Ua ʻoi aku ma mua o 200 mau rigs e hana ana i ka hapaha. No laila, ʻo nā mea a pau i noʻonoʻo ʻia, ʻoi aku ka maikaʻi o ka hana o ka ʻaila hinu. ʻO kēia ka mea e manaʻo mau ʻia. ʻAʻole wau e hoʻomanaʻo i ka hapaha mua kahi i loaʻa ʻole ai iā mākou kekahi ʻano hanana hanana.
ʻO ka mea ʻē aʻe, manaʻo wau, he aha ka mea ʻokoʻa i kēia manawa, ke hoʻomau nei mākou i nā pilikia COVID i ke kula, e pani ʻia nā limahana hana like ʻole no hoʻokahi lā a ʻelua paha, pono mākou e ʻimi e hoʻokuʻu i ka poʻe mai ka lā hana, E kali, akā ʻaʻohe mea a mākou i hoʻokō ʻole ai.
Ua piʻi mākou - ua awelika mākou - ma luna o nā rigs 200. Ua piʻi mākou i nā rigs 234. ʻAʻole mākou i loaʻa i ke ʻano o ka hana hoʻopau ʻana i ke ʻano o ka helu rig āu e manaʻo ai, a nui ka nui o kēlā hana i kahe i loko o ka hapaha ʻelua. makahiki.
I kēia manawa i ka hapaha ʻelua, loaʻa iā mākou he 90 rigs, ʻoi aku ka maikaʻi ma mua o ka 60 i loaʻa iā mākou i ka makahiki i hala, a ua kokoke mākou i ka hapalua o ka haʻihaʻi.
Aia ka hapa nui o kā mākou hana ma British Columbia, Montney, Alberta a me ka Deep Basin. ʻAʻohe mea e loli ma laila. E like me ka loaʻa ʻana o ka aila ma $105, ʻike mākou i nā hui aila ma ka hikina hema o Saskatchewan a me ka ʻāina holoʻokoʻa - a i ʻole hikina hema ʻo Saskatchewan a me ke komohana hema o Saskatchewan a me Alberta hema, ua ikaika loa lākou, manaʻo mākou e hana lākou.
I kēia manawa me kēia mau kumukūʻai kinoea, ke hoʻomaka nei mākou e ʻike i nā hoʻolālā no nā pūnāwai methane coalbed, ʻo ia hoʻi, ʻo ka ʻeli kinoea pāpaʻu. Ua hoʻokumu ʻia ka coil. Hoʻohana lākou i ka nitrogen ma kahi o ka wai.
Holo mākou - i ka hapaha, holo mākou i 6 a 7 mau limahana, e pili ana i ka pule. 18 mau hui sima a me 7 hui coil. No laila ʻaʻohe mea i loli maoli ma laila. He ʻehiku kā mākou i ka hapaha mua. He pilikia ka poʻe limahana. ʻO kā mākou pilikia ka mālama ʻana i nā poʻe i ka ʻoihana a he mea nui ia. ʻAʻole wale ka pono e huki i nā kānaka, akā pono mākou e hiki ke mālama iā lākou. Ke nalowale nei mākou i ka poʻe i loko o ka ʻaila a me ke kinoea, a ke nalowale nei mākou iā lākou i nā ʻoihana ʻē aʻe i ka piʻi ʻana o kā lākou uku a ke ʻimi nei lākou i kahi kaulike hana-ola maikaʻi.
Akā, ʻo ka ʻoiaʻiʻo, ʻo ka pilikia o ka hana he pilikia a mākou e pono ai e hoʻoponopono, a ʻaʻole paha he mea maikaʻi ʻole, no ka mea e pale aku i nā ʻoihana lawelawe ʻaila mai ka hoʻonui wikiwiki ʻana.
ʻO kā mākou EBITDA no ka hapaha he maikaʻi. ʻOiaʻiʻo, ua kūkākūkā mākou i kēia ma mua. Manaʻo wau pono mākou e hoʻomaka e kamaʻilio hou e pili ana i ke kahe kālā manuahi a emi ʻole e pili ana i EBITDA. ʻO ka pōmaikaʻi o ke kahe kālā manuahi ʻo ia ka wehe ʻana i nā ʻano like ʻole o ka pale kaulike ma waena o nā ʻoihana a hoʻoponopono i ka ʻoiaʻiʻo o kekahi o kēia mau mea pono e hoʻoponopono nui. ko lākou waiwai. Manaʻo wau ua kamaʻilio ʻo Scott no ia mea.
No laila, hiki iā mākou ke hoʻonui i ke kumukūʻai. Inā ʻoe e nānā i ka hoʻohālikelike ʻia i hoʻokahi makahiki i hala, ua ulu kā mākou mau laina lawelawe like ʻole mai 15% a 25%, e pili ana i ka mea kūʻai aku a me ke kūlana. i kēia manawa e hoʻomaka mākou e ʻike i nā palena EBITDA i ka waena o 20s, ʻo ia ka mea a mākou e pono ai inā e loaʻa iā mākou kahi hoʻihoʻi pālua ʻelua ma ke kapikala hoʻopukapuka.
Akā, manaʻo wau e hiki mākou i laila. ʻO ia wale nō - pono nā kūkākūkā hou me kā mākou mea kūʻai aku. ʻOiaʻiʻo, manaʻo wau makemake kā mākou mea kūʻai aku e ʻike iā mākou i kahi ʻoihana hoʻomau.
Ua ʻike mua mākou i nā pilikia o ka hoʻonui ʻana. Ma ka hapaha ʻehā a me ka hapa mua, ua hiki iā mākou ke mālama i ko mākou mau palena i ka wā i ʻānai ʻia ai nā palena o ka nui. 5 aila, nā kumukūʻai diesel piʻi nui, a pili ka diesel i ke kaulahao lako holoʻokoʻa.
ʻO ka mea pōʻino,ʻaʻole iʻike muaʻia ka pinepine o kēia mau hoʻololi. Ua manaʻo mākou eʻike i ka hoʻonuiʻana, akā,ʻaʻole mākou iʻike -ʻaʻole mākou iʻike maoli - manaʻo mākouʻaʻole mākou e hoʻomaka i ka loaʻaʻana o nā kumukūʻai mai nā mea hoʻolako i kēlā me kēia pule.
Akā ma ka laulā, maopopo kā mākou mea kūʻai. ʻO kaʻu manaʻo, maopopo lākou i ka ʻoihana aila a me ke kinoea, ke hoʻohana nei lākou i nā kumu kūʻai kiʻekiʻe, akā maoli, pili ia i kā lākou mau koina a pau.
Manaʻo wau e hoʻohuli wau i kēia iā Daniel Lopushinsky i kēia manawa. E kamaʻilio ʻo ia e pili ana i nā kaulahao lako a me kekahi mau ʻenehana papa 4.
Mahalo, Brad. No laila, mai ka manaʻo o ke kaulahao lako, inā hōʻike ʻo Q1 i kekahi mea, ua lilo ke kaulahao lako i mea nui. Ma ke ʻano o kā mākou mālama ʻana i kā mākou ʻoihana e pili ana i ke ʻano o nā pae hana kiʻekiʻe a me ke kaomi kumu kūʻai hoʻomau a Brad i ʻōlelo ai ma mua.
No laila ke manaʻoʻiʻo nei mākou he logistics maikaʻi loa mākou a ke hoʻokipa nei mākou i kahi mākeke paʻa ma ia mea a pehea mākou e hoʻokele ai i kā mākou mea hoʻolako. E like me kā mākou i kamaʻilio ai, ʻike mākou i ka nui o ka piʻi ʻana ma waena o ke kaulahao lako ma mua o ka wā ma mua.
E like me ka laʻana, inā ʻoe e nānā i ke one, i ka wā e hiki ai ke one i ka wahi, ma kahi o 70% o ke kumukūʻai o ke one ʻo ka lawe ʻana, no laila - he aha ke ʻano o ka diesel, he mea nui ia i kēia mau mea.
Mai kahi hiʻohiʻona kaʻa kaʻa a me ka logistic ʻaoʻao, paʻa loa ke kaʻa kaʻa i ka hapaha mua me ka hoʻonui ʻana i ka nui o ke kākoʻo, nā pads nui, a me nā hana hou aʻe ma ka Montney a me Deep Basin.
ʻO kekahi mea e paʻakikī ai iā mākou, ʻo ia kā mākou hana ma nā wahi mamao loa o ke kīʻaha.
ʻO ke one. Ke hana maoli nei nā mea hoʻolako one ma ka piha piha. Ma mua o kēia makahiki, ua ʻike ke alahao i kekahi mau pilikia ma muli o ke anuanu.
ʻO ka ulu nui loa a mākou i ʻike ai ma ke one, ʻo ia ka uku hoʻouku diesel, i alakaʻi ʻia e nā alahao a me nā mea like.
Ua loaʻa iā mākou kekahi pilikia kemika, akā ʻaʻole ia i kūpono i kā mākou mau hana. ʻO ka hapa nui o nā ʻāpana kumu o kā mākou kemika he mau ʻaila.
ʻO ka nui o kā mākou mau mea kemika mai Kina a me ʻAmelika Hui Pū ʻIa, no laila ke manaʻo nei mākou e hana i nā lohi i manaʻo ʻia a me nā kumukūʻai hoʻonui e pili ana i ka hoʻouna ʻana, etc.
E like me kā mākou i kamaʻilio mua ai, hauʻoli nui mākou i ka hoʻokuʻu ʻana i kā mākou ʻauwaʻa Tier 4 DGB mua i ka hapaha mua. Ua hauʻoli nui mākou i ke ʻano o ka hana ʻana.
E ho'āla hou mākou i ka ʻauwaʻa ʻelua a me ke kolu o ka Tier 4 i ke kauwela a ma ka hopena o ka hapahā ʻehā. He mea nui ka manaʻo waiwai o ka mea ma ke ʻano o ka mālama wahie a me ka hoʻemi ʻana.
ʻO ka engine Tier 4 hou. Ua puhi lākou i ke kinoea maoli ma mua o ka diesel. No laila, ʻike ʻia ka pōmaikaʻi ʻupena i ke kaiapuni i ke kumukūʻai o ke kinoea maoli, ʻoi aku ka liʻiliʻi ma mua o ka diesel. Hiki i ka ʻenehana ke lilo i mea maʻamau no nā makahiki e hiki mai ana - ma ka liʻiliʻi loa no ka Trican.
ʻAe. ʻO ia wale nō - no laila ke nānā aku nei mākou - maikaʻi loa mākou. Manaʻo mākou e piʻi mālie nā kumukūʻai i ka piʻi ʻana o nā kumukūʻai.
Akā ke ʻike nei mākou ua emi iho ka haʻihaʻi ʻana i kēia manawa ke hoʻāʻo nei ka poʻe e kaulike i kā lākou mau hana i loko o ka makahiki a hoʻohana pono i ka wā mahana e like me ka wai wela a me nā māla aila pupule.
ʻO ke kīʻaha e pili ana i ke kinoea, akā ke ʻike nei mākou i nā hana ʻaila hou aʻe i ka noho ʻana o kā mākou kumukūʻai aila ma luna o $ 100 o ka barela. Eia hou, e hoʻohana mākou i kēia hana no ka hoʻāʻo ʻana e hoʻopololei i nā mea ʻoi aku ka maikaʻi.