Trican Well Service Ltd.TSX: TCW

Q3 2026 - Financial Statements

· Issued by Trican Well Service Ltd.

Summary by 6ix AI

Trican Well Service Ltd., a Western Canada oilfield services company, reported unaudited profit of C$48,012 thousand (C$0.23 per basic and diluted share) for the three months ended September 30, 2026, compared with C$28,898 thousand a year earlier. Revenue was C$338,304 thousand, versus C$300,586 thousand.

Key details

  • For the nine months ended September 30, 2026, revenue was C$883,170 thousand (2025: C$773,457 thousand). Profit was C$75,953 thousand, or C$0.36 per basic and diluted share (2025: C$80,253 thousand).
  • Cash flow from operating activities was C$19,676 thousand for the three months ended September 30, 2026, compared with C$32,140 thousand used a year earlier. For the nine months it was C$196,761 thousand.
  • Trican renewed its normal course issuer bid (a share buyback) starting October 5, 2026, to buy up to 18,057,151 common shares for cancellation before October 4, 2027, subject to Toronto Stock Exchange rules. From October 1 to October 27, 2026, it bought 599,200 shares at a weighted average price of C$6.45.
  • In the first nine months of 2026, Trican bought back and cancelled 8,508,300 shares. It paid dividends of C$0.055 per share for the quarter and C$0.165 per share for the nine months.
  • At September 30, 2026, loans and borrowings under Trican's revolving credit facility, net of transaction costs, were C$72,014 thousand, down from C$92,398 thousand at December 31, 2025. Cash was C$22,373 thousand. The undrawn and accessible amount, subject to financial covenants, was C$127.3 million.

6ix AI wrote this summary from the release below and checked it against the release.

‌TRICAN WELL SERVICE LTD.

..............................................................................................

Condensed Consolidated Interim Financial Statements Three and nine months ended September 30, 2026 and 2025

(Unaudited)

‌CONDENSED CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION

(Stated in thousands; unaudited)

As at

September 30, 2026

As at

December 31, 2025

ASSETS

Current assets

Cash and cash equivalents

$22,373

$12,465

Trade and other receivables

268,393

260,678

Current tax assets

9,600

5,116

Inventory

33,505

34,984

Prepaid expenses

7,600

7,400

341,471

320,643

Property and equipment

506,843

514,509

Intangible assets

55,074

61,046

Right-of-use assets

27,603

21,833

Other assets

20,519

21,671

Goodwill

74,015

74,015

$1,025,525

$1,013,717

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities

Trade and other payables

$171,925

$122,833

Current portion of lease liabilities

7,433

6,125

179,358

128,958

Lease liabilities

21,627

17,833

Loans and borrowings (note 3)

72,014

92,398

Deferred tax liabilities

70,296

73,153

Share-based compensation liabilities (note 6)

3,300

5,525

Shareholders' equity Share capital (note 4)

797,162

831,082

Contributed surplus

63,271

67,976

Deficit

(181,503)

(203,208)

Total equity

678,930

695,850

$1,025,525

$1,013,717

See accompanying notes to the condensed consolidated interim financial statements.

‌CONDENSED CONSOLIDATED INTERIM STATEMENTS OF COMPREHENSIVE PROFIT

Three months ended September 30,

Nine months ended September 30,

(Stated in thousands, except per share amounts; unaudited)

2026

2025

2026

2025

Revenue

$338,304

$300,586

$883,170

$773,457

Cost of sales (note 7)

238,651

219,501

654,273

562,200

Cost of sales - depreciation and amortization (note 7)

25,139

20,769

75,512

57,367

Gross profit

74,514

60,316

153,385

153,890

Administrative expenses (note 7)

11,984

21,611

48,469

45,594

Administrative expenses - depreciation (note 7)

1,208

963

3,635

2,887

Other loss / (income)

81

(916)

1,837

(1,802)

Results from operating activities

61,241

38,658

99,444

107,211

Finance cost

793

546

2,798

1,800

Foreign exchange (gain) / loss

(33)

499

133

482

Profit before income tax

60,481

37,613

96,513

104,929

Current income tax expense

13,333

9,927

23,417

24,446

Deferred income tax (recovery) / expense

(864)

(1,212)

(2,857)

230

Profit for the period

$48,012

$28,898

$75,953

$80,253

Earnings per share - basic and diluted (note 5)

Per share - basic

$0.23

$0.15

$0.36

$0.43

Per share - diluted

$0.23

$0.15

$0.36

$0.42

Weighted average shares outstanding - basic

207,083

190,971

209,170

187,039

Weighted average shares outstanding - diluted

208,074

193,662

210,403

189,729

See accompanying notes to the condensed consolidated interim financial statements.

‌CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CHANGES IN EQUITY

Share

Contributed

Total

(Stated in thousands; unaudited)

capital

surplus

Deficit

equity

Balance at January 1, 2025

$679,367

$75,288

($266,261)

$488,394

Profit for the period

-

-

80,253

80,253

Share issued on the close of business combination

196,233

-

-

196,233

Share options exercised

736

(3,079)

-

(2,343)

Shares purchased and cancelled under Normal Course Issuer Bid1

(39,428)

-

(6,049)

(45,477)

Dividends paid

-

-

(29,968)

(29,968)

Balance at September 30, 2025

$836,908

$72,209

($222,025)

$687,092

Balance at January 1, 2026

$831,082

$67,976

($203,208)

$695,850

Profit for the period

-

-

75,953

75,953

Share options exercised

299

(4,705)

-

(4,406)

Shares purchased and cancelled under Normal Course Issuer Bid1

(34,219)

-

(19,997)

(54,216)

Dividends paid

-

-

(34,251)

(34,251)

Balance at September 30, 2026

$797,162

$63,271

($181,503)

$678,930

1 Includes 2% share buyback tax of $1.0 million as of September 30, 2026 (September 30, 2025 - $0.9 million). See accompanying notes to the condensed consolidated interim financial statements.

‌CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS

Three months ended September 30,

Nine months ended September 30,

(Stated in thousands; unaudited)

2026

2025

2026

2025

Cash provided by / (used in):

Operations

Profit for the period

$48,012

$28,898

$75,953

$80,253

Charges to income not involving cash:

Depreciation and amortization

26,347

21,732

79,147

60,254

(Gain) / loss on disposal of property and equipment

(108)

(511)

1,982

(952)

Finance cost

793

546

2,798

1,800

Unrealized foreign exchange loss / (gain)

-

54

(186)

42

Income tax expense

12,469

8,715

20,560

24,676

Net change in other liabilities

420

2,091

(2,225)

(1,395)

Change in inventory

(6,418)

328

1,479

1,511

Change in trade and other receivables

(110,632)

(71,310)

(7,715)

(22,402)

Change in prepaid expenses

(2,657)

(2,662)

(200)

218

Change in trade and other payables

59,094

(9,363)

55,661

(34,620)

Interest paid

(662)

(672)

(2,405)

(1,831)

Income tax paid

(6,982)

(9,986)

(28,088)

(28,538)

Cash flow from / (used in) operating activities

$19,676

($32,140)

$196,761

$79,016

Investing

Purchase of property and equipment

(26,485)

(18,926)

(65,822)

(47,671)

Proceeds from the sale of property and equipment

133

2,955

2,588

4,179

Acquisition of subsidiary, net of cash acquired

-

(54,655)

-

(54,655)

Other assets

857

(4,604)

784

(12,096)

Net change in non-cash working capital

(4,784)

(2,108)

(7,089)

(3,153)

Cash flow used in investing activities

($30,279)

($77,338)

($69,539)

($113,396)

Financing

Payment from share options exercised

(28)

(2,404)

(4,406)

(2,343)

Drawdown / (repayment) of Revolving Credit Facility

72,320

139,150

(20,581)

139,150

Repayment of Iron Horse obligations

-

(39,664)

-

(39,664)

Payment of leases

(1,676)

(1,440)

(4,900)

(4,097)

Purchase and cancellation of shares under Normal Course Issuer Bid, net

of tax

(41,841)

(2,302)

(53,176)

(46,451)

Dividends paid

(11,160)

(11,672)

(34,251)

(29,968)

Cash flow from / (used in) financing activities

$17,615

$81,668

($117,314)

$16,627

Increase / (decrease) in cash and cash equivalents

7,012

(27,810)

9,908

(17,753)

Cash and cash equivalents, beginning of period

15,361

36,338

12,465

26,281

Cash and cash equivalents, end of period

$22,373

$8,528

$22,373

$8,528

See accompanying notes to the condensed consolidated interim financial statements.

‌NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (UNAUDITED)

For the three and nine months ended September 30, 2026 and 2025

‌NOTE 1 - NATURE OF BUSINESS AND BASIS OF PRESENTATION Nature of Business

Trican Well Service Ltd. (the "Company" or "Trican") is an oilfield services company incorporated under the laws of the province of Alberta. These condensed consolidated interim financial statements include the accounts of the Company and its subsidiaries, all of which are wholly owned.

Headquartered in Calgary, Alberta, Trican supplies oil and natural gas well servicing equipment and solutions to our customers through the drilling, completion and production cycles. Our team of technical experts provides state-of-the-art equipment, engineering support, reservoir expertise and laboratory services through the delivery of hydraulic fracturing, cementing, coiled tubing, nitrogen services and chemical sales for the oil and gas industry in Western Canada.

The Company's operations are influenced by seasonal weather patterns that affect activity levels in the oilfield industry. Historically, the Company's highest activity is in the first, third and fourth quarters and the lowest activity is during spring break up in the second quarter when winter frost comes out of the ground rendering many secondary roads incapable of supporting heavy loads, resulting in road bans prohibiting transportation of these heavy loads in certain areas. These seasonal trends typically lead to quarterly fluctuations in operating results and working capital requirements, which should be considered in any analysis of performance on a sequential basis.

Basis of Presentation

These condensed consolidated interim financial statements, including prior year comparative information, have been prepared in accordance with International Accounting Standards ("IAS") 34 Interim Financial Reporting, under IFRS Accounting Standards as issued by the International Accounting Standards Board ("IASB"). They do not include all disclosures that would otherwise be required in a complete set of financial statements and should be read in conjunction with the Company's 2025 consolidated annual financial statements which have been prepared in accordance with IFRS Accounting Standards. These condensed consolidated interim financial statements follow the same policies as in the Company's 2025 consolidated annual financial statements.

These condensed consolidated interim financial statements are presented in Canadian dollars and have been rounded to the nearest thousands, except where indicated. Certain comparative figures have been reclassified to conform to the current presentation of these financial statements.

These condensed consolidated interim financial statements were authorized for issue by the Company's board of directors on October 27, 2026.

‌NOTE 2 - CRITICAL ACCOUNTING ESTIMATES, JUDGMENTS AND NEW POLICIES

The preparation of these condensed consolidated interim financial statements in compliance with IAS 34 requires management to make certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The areas where significant judgment and estimates have been made

in preparing the financial statements and their effect are disclosed in note 1 of the Company's 2025 consolidated annual financial statements.

Amendments to IFRS 9 "Financial Instruments" and IFRS 7 "Financial Instruments: Disclosures" have been issued with the intention to clarify the date of recognition and derecognition of certain financial assets and liabilities. The amendments were effective January 1, 2026 and the Company determined there was no material impact on the condensed consolidated interim financial statements.

Accounting standards issued but not yet adopted

IFRS 18 "Presentation and Disclosure in Financial Statements" has been issued to replace IAS 1 "Presentation of Financial Statements". The new standard has been issued but not yet adopted. It establishes a revised structure for the consolidated statements of comprehensive profit with the intention to improve comparability across entities. IFRS 18 is effective for annual periods beginning on or after January 1, 2027 and will be applied retroactively. IFRS 18 does not alter the recognition and measurement of items included in the statement of comprehensive profit, however, it does change how items are presented.

Impacts of IFRS 18 on the Company will include:

  • The statement of comprehensive profit will include three categories: operating, investing and financing. Items such as finance costs will be included in the financing section and items such as interest income on cash and cash equivalents will be included in the investing section;

  • Increased disclosures in the financial statements around management performance measures such as adjusted EBITDA and adjusted EBITDAS

  • There are consequential amendments to the statement of cash flow whereby the starting point for the statement of cash flows will be a new subtotal referred to as operating earnings and the policy option with respect to reporting of finance costs in operating activities has been removed (finance costs paid will be required to be reported in the financing section of the cash flow).

The Company is completing the evaluation of the impact of adopting IFRS 18 on the consolidated financial statements.

‌NOTE 3 - LOANS AND BORROWINGS

(Stated in thousands)

As at September 30, 2026

As at December 31, 2025

Revolving Credit Facility, net of transaction costs

$72,014

$92,398

Revolving Credit Facility ("RCF")

On December 5, 2025, Trican entered into an agreement with a syndicate of five Canadian banks which amended and extended its RCF.

The RCF matures December 5, 2028, a date that may be extended on an annual basis upon agreement of the RCF lenders, and the Company may draw up to $200.0 million (December 31, 2025 - $200.0 million). The RCF also features an uncommitted accordion of $125.0 million (December 31, 2025 - $125.0 million), which is accessible subject to approval by the syndicate of lenders. The RCF has a General Security Agreement registered against the assets of the Company and bears interest at the applicable Canadian prime rate, U.S. prime rate, Canadian Overnight Repo Rate Average ("CORRA"), or at Secured Overnight Financing Rate ("SOFR"), plus 100 to 375 basis points (December 31, 2025 - Canadian prime rate, U.S. prime rate, CORRA, or at SOFR, plus 100 to 375 basis points).

As at September 30, 2026, the undrawn and accessible amount, subject to financial covenants, was $127.3 million (December 31, 2025 - $106.7 million accessible) due to amounts drawn on the RCF, swing line facility and the Company's letters of credit outstanding as at September 30, 2026.

As at September 30, 2026, the Company has the ability to draw up to $50.0 million (December 31, 2025 - $50.0 million) on the swing line facility with its lead bank, which is included within the $200.0 million borrowing capacity of the RCF described above. As at September 30, 2026, the Company had available $17.7 million (December 31, 2025 - $47.1 million) due to $32.3 million drawn on the swing line facility (December 31, 2025 - $2.9 million drawn).

As at September 30, 2026, the Company has the ability to draw up to $10.0 million (December 31, 2025 - $10.0 million) on the letter of credit facility with its syndicate of banks which is included within the $200.0 million borrowing capacity of the RCF described above. As at September 30, 2026, the Company had available $9.6 million (December 31, 2025 - $9.6 million) due to $0.4 million in letters of credit outstanding (December 31, 2025 - $0.4 million).

The Company was in compliance with its financial covenants at September 30, 2026.

‌NOTE 4 - SHARE CAPITAL Share capital

Authorized

The Company is authorized to issue an unlimited number of common shares, issuable in series. The shares have no par value. All issued shares are fully paid.

Issued and outstanding - Common shares

(Stated in thousands, except share amounts)

Number of shares

Amount

Balance at January 1, 2025

188,923,710

$679,367

Exercise of stock options

258,198

(6,556)

Reclassification from contributed surplus on exercise of options

-

7,312

Shares purchased and cancelled under Normal Course Issuer Bid

(12,149,664)

(45,274)

Shares issued on the close of business combination

33,760,000

$196,233

Balance at December 31, 2025

210,792,244

$831,082

Exercise of stock options

183,566

(4,406)

Reclassification from contributed surplus on exercise of options

-

4,705

Shares purchased and cancelled under Normal Course Issuer Bid

(8,508,300)

(34,219)

Balance at September 30, 2026

202,467,510

$797,162

Normal Course Issuer Bid ("NCIB")

On September 30, 2026, the Company announced the renewal of its NCIB program, commencing October 5, 2026, to purchase up to 18,057,151 common shares for cancellation before October 4, 2027, subject to the Toronto Stock Exchange ("TSX") NCIB rules. All common shares purchased under the NCIB program are returned to treasury for cancellation.

‌NOTE 5 - EARNINGS PER SHARE

Three months ended September 30, Nine months ended September 30,

(Stated in thousands, except share and per share

amounts) 2026 2025 2026 2025

Basic weighted average number of common shares

207,082,950

190,971,031

209,169,909

187,039,413

Dilutive effect of stock options

991,449

2,691,430

1,232,805

2,689,221

Diluted weighted average number of common shares

208,074,399

193,662,461

210,402,714

189,728,634

Three months ended September 30, Nine months ended September 30,

Attributable to owners of the Company

2026

2025

2026

2025

Profit for the period

$48,012

$28,898

$75,953

$80,253

Per share - basic

$0.23

$0.15

$0.36

$0.43

Per share - diluted

$0.23

$0.15

$0.36

$0.42

Dividends paid per share

$0.055

$0.055

$0.165

$0.155

‌NOTE 6 - SHARE-BASED PAYMENTS

The Company has four shared-based compensation plans which are described in the notes of the Company's 2025 consolidated annual financial statements.

Incentive Stock Option Plan (equity-settled)

As of September 30, 2026, 1,390,164 options (December 31, 2025 - 2,341,230 options) were outstanding at exercise prices ranging from $0.57 to $2.68 per share with expiry dates ranging from 2026 to 2028.

The following table provides a summary of the status of the Company's equity-settled stock option plan and changes during the nine months ended September 30, 2026:

Nine months ended September 30, 2026

Year ended December 31, 2025

Options

Weighted average

exercise

price

Options

Weighted average

exercise

price

Outstanding at the beginning of period

2,341,230

$1.54

4,136,160

$1.50

Exercised

(940,966)

1.13

(1,785,430)

1.44

Expired

(10,100)

1.25

(9,500)

3.17

Outstanding at the end of period

1,390,164

$1.83

2,341,230

$1.54

Exercisable at end of period

1,390,164

$1.83

2,341,230

$1.54

The following table summarizes information about equity-settled stock options outstanding at September 30, 2026:

Options outstanding

Options exercisable

Range of exercise prices

Number outstanding

Weighted average remaining

life

Weighted average exercise

price

Number exercisable

Weighted average exercisable

price

$0.57

to

$1.50

115,000

0.45

$0.57

115,000

$0.57

$1.51

to

$2.68

1,275,164

1.43

1.94

1,275,164

1.94

$0.57

to

$2.68

1,390,164

1.35

$1.83

1,390,164

$1.83

Share Unit Plans (cash-settled)

The following tables provide a summary of the status of the Company's cash-settled compensation plans and changes during the nine months ended September 30, 2026:

(Units)

Deferred share units

Restricted share units

Performance share units

Balance at January 1, 2025

1,337,714

1,571,373

1,677,978

Granted

178,708

678,332

411,586

Reinvested1

58,031

57,472

58,157

Redeemed for cash

-

(835,662)

(641,754)

Forfeited

-

(101,207)

(137,741)

Balance at December 31, 2025

1,574,453

1,370,308

1,368,226

Granted

119,889

622,451

301,783

Reinvested1

39,305

30,405

26,209

Redeemed for cash

-

(704,566)

(544,694)

Forfeited

-

(76,659)

(73,747)

Balance at September 30, 2026

1,733,647

1,241,939

1,077,777

Vested at September 30, 2026

1,733,647

-

-

1Relates to reinvested dividend equivalent in the form of additional units to the Company's share unit plan participants.

Three months ended September 30, Nine months ended September 30,

(Stated in thousands)

2026

2025

2026

2025

Cash-settled share-based compensation expense

Expense arising from DSUs

($1,084)

$2,327

$1,570

$2,466

Expense arising from RSUs

417

1,964

3,943

3,509

Expense arising from PSUs

112

3,102

4,123

4,828

Total expense cash-settled share-based

compensation

($555)

$7,393

$9,635

$10,803

At September 30, 2026, $17.9 million of outstanding liabilities for cash-settled compensation plans (December 31, 2025 - $18.6 million) are included in trade and other payables and the long-term portion of $3.3 million (December 31, 2025 - $5.5 million) is included in share-based compensation liabilities on the condensed consolidated statements of financial position.

‌NOTE 7 - COST OF SALES AND ADMINISTRATIVE EXPENSES

The Company classifies the consolidated statement of comprehensive profit using the function of expense method, which presents expenses according to their function, such as cost of sales and administrative expenses. This method is more closely aligned to the Company's business structure and provides more relevant information to the public.

The following table provides additional information on the nature of the expenses:

Cost of sales Three months ended September 30, Nine months ended September 30,

(Stated in thousands)

2026

2025

2026

2025

Personnel expenses

$60,180

$47,328

$171,016

$131,828

Direct costs

178,471

172,173

483,257

430,372

Cost of sales

$238,651

$219,501

$654,273

$562,200

Cost of sales - depreciation and amortization

25,139

20,769

75,512

57,367

Total cost of sales

$263,790

$240,270

$729,785

$619,567

Administrative expenses Three months ended September 30, Nine months ended September 30,

(Stated in thousands)

2026

2025

2026

2025

Personnel expenses

$7,452

$5,598

$19,476

$15,972

Personnel expenses - cash-settled share-based

compensation

(555)

7,393

9,635

10,803

Personnel expenses - severance

10

6

786

978

Technology initiative expenses

1,664

3,107

7,289

7,052

Transaction expenses

-

2,510

-

2,510

General organizational expenses

3,183

2,997

11,048

8,255

Bad debt expense

230

-

235

24

Administrative expenses

$11,984

$21,611

$48,469

$45,594

Administrative expenses - depreciation

1,208

963

3,635

2,887

Total administrative expenses

$13,192

$22,574

$52,104

$48,481

‌NOTE 8 - FINANCIAL INSTRUMENTS Fair values of financial assets and liabilities

The fair values of cash and cash equivalents, trade and other receivables, and trade and other payables included in the condensed consolidated interim statement of financial position approximate their carrying amount due to the short-term maturity of these instruments. The fair value of other assets included in the condensed consolidated interim statement of financial position is calculated by using the present value of future cash flows, discounted using the market interest rate and subsequent measurement based on the effective interest method. The fair value of loans and borrowings approximate their carrying value as the rates of interest approximate market rates. Other assets and loans and borrowings are categorized in Level 2 of the fair value hierarchy.

‌NOTE 9 - OTHER COMMITMENTS

As at September 30, 2026, the Company has commitments of $33.7 million related to capital expenditures and other assets. Management is satisfied that the Company has sufficient liquidity and capital resources to meet the Company's obligations and commitments as they come due.

‌NOTE 10 - SUBSEQUENT EVENTS Normal course issuer bid

For the period from October 1, 2026 to October 27, 2026, the Company purchased an additional 599,200 common shares at a weighted average price per share of $6.45 pursuant to its NCIB.

‌ CORPORATE INFORMATION

BOARD OF DIRECTORS CORPORATE OFFICE

Thomas M. Alford (5) Trican Well Service Ltd.

Chair of the Board 2900, 645 - 7th Avenue S.W. President, Well Servicing, Precision Drilling Corp. Calgary, Alberta T2P 4G8

Telephone: (403) 266-0202

Bradley P.D. Fedora Facsimile: (403) 237-7716

President & Chief Executive Officer Website: https://www.tricanwellservice.com Trican Well Service Ltd.

Thomas M. Coolen (2, 4) AUDITORS

Board Chair, Lycos Energy Inc. KPMG LLP, Chartered Professional Accountants

Trudy M. Curran (2, 4) Calgary, Alberta

Independent Businesswoman

Michael J. McNulty (1, 3) BANKERS

Independent Businessman The Bank of Nova Scotia

Calgary, Alberta

Stuart O'Connor (3, 4)

Chair and Co-founder, Arcurve Inc.

REGISTRAR & TRANSFER

Kiren K. Singh (1, 2) AGENT

Independent Businesswoman Olympia Trust Company

Calgary, Alberta

Deborah S. Stein (1, 3)

Independent Businesswoman

STOCK EXCHANGE LISTING

OFFICERS The Toronto Stock Exchange

Bradley P.D. Fedora Trading Symbol: TCW President & Chief Executive Officer

Scott E. Matson INVESTOR RELATIONS

Chief Financial Officer INFORMATION

Bradley P.D. Fedora

Todd G. Thue President & Chief Executive Officer President, Fracturing

Scott E. Matson

Chika B. Onwuekwe Chief Financial Officer Vice President, Legal, General Counsel and

Corporate Secretary

........................................................................................

  1. Member of the Audit Committee

  2. Member of the Corporate Governance Committee

  3. Member of the Human Resources & Compensation Committee

  4. Member of the Health, Safety & Environment Committee

  5. Ex-officio member of the Audit Committee, Corporate Governance Committee, Human Resources & Compensation Committee, and Health, Safety & Environment Committee

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