Precision Drilling Corporation (PDS), founded in 1951 and headquartered in Calgary, Canada, specializes in providing land-based drilling, well completion, and production support ...
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Est. EPS $2.16 · Revenue $546.19M · 3 analysts
Est. EPS $3.27 · Revenue $551.98M · 3 analysts
Est. EPS $6.99 · Revenue $2.09B · 4 analysts
Est. EPS $3.12 · Revenue $569.79M · 1 analysts
EPS CAD -0.09 · Revenue CAD 452.80M
EPS CAD 1.35 · Revenue CAD 526.05M
EPS CAD 0.14 · Revenue CAD 1.84B
EPS CAD -0.48 · Revenue CAD 462.25M
EPS CAD 1.07 · Revenue CAD 406.62M
EPS CAD 2.20 · Revenue CAD 496.33M
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $1.8B | -3.1% | -13.9% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $1.8M | -98.3% | -106.9% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +82.8% | -1.2% | -2.7% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +5.7% | -49.1% | -57.8% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +0.1% | -98.3% | -108.0% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $148.6M | -44.0% | +3839.3% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +8.1% | -42.2% | +4444.2% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 47.0% | -11.2% | -6.1% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.62x | +9.6% | -14.4% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $2.7B | -7.8% | -1.0% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 0.14 vs 5.20 | -97.3% | -0.09 vs 2.16 | -104.3% |
| Revenue Surprise | $1.8B vs $1.8B | -0.2% | $452.8M vs $546.2M | -17.1% |
Operator: Good day, and thank you for standing by. Welcome to the Precision Drilling Corporation 2026 Second Quarter Results Call and Webcast. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a Q&A session. You need to press star one-one on your telephone. You will then hear an automated message advising and your hand is raised. To withdraw your question, please press. Please be advised today's conference is being recorded. I would now like to hand the conference over to your speaker today, Lavonne Zdunich, Vice President of Investor Relations. Please go ahead. Lavonne Zdunich: Thank you, operator, and welcome, everyone. Today, I am joined by Carey Ford, President and CEO, and Dustin Honing, our CFO. Yesterday, we reported our second quarter results. Highlighted by robust heavy oil drilling and well service activity in Canada and improving rig utilization in the U.S. Carey and Dustin will review these results, provide an operational update and outlook commentary. Once we have finalized our prepared remarks, we will open the call for questions. Please note that some comments today will refer to non-IFRS financial measures and include forward-looking statements. Which are subject to a number of risks and uncertainties. For more information on financial measures, forward-looking statements and risk factors, please refer to our news release and other regulatory filings available on SEDAR+ and EDGAR. As a reminder, we express our financial results in Canadian dollars unless otherwise stated. Carey, over to you. Carey Ford: Thank you, Lavonne, and good morning and good afternoon. Before I hand the call over to Dustin, I would like to make a few comments on the progress toward our 2026 strategic priorities. This year, Precision Drilling aims to grow revenue through a differentiated service offering, and deepening customer relationships while generating cash flow and returning it to shareholders through debt reduction and share repurchases. Halfway through the year, we are delivering on these priorities. We have grown year-to-date revenue by 8% significantly expanded our contract book of business, executed contracted upgrades, and increased activity in both Canada and the U.S. We are on track to meet our return of capital commitments. In short, we are delivering on what we set out to accomplish in 2026. With that, I will turn the call over to Dustin to discuss the financial results released yesterday evening in detail. Dustin Honing: Thank you, Carey. Our second quarter 2026 revenues increased by 11% from prior year, driven by growing momentum in Canadian operations and rebounding activity levels in the U.S. Our operating expenses were disproportionately impacted by several U.S. rig activations as we moved from a low of 32 rigs operating in April to an exit of 42 rigs operating on June 30. Results this quarter also included $3 million in costs related to restructuring our international operations. …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Carey Thomas Ford | President, Chief Executive Officer & Director | CAD 980,225 | Male | 1976 | Active |
Gene C. Stahl | Chief Operating Officer | CAD 922,607 | Male | 1974 | Active |
Shuja U. Goraya | CTO & President of International | CAD 839,170 | Male | 1970 | Active |
Veronica H. Foley | Chief Legal & Compliance Officer | CAD 771,562 | Female | — | Active |
Darren J. Ruhr | Chief Administrative Officer | CAD 412,950 | Male | — | Active |
Dustin Honing | Chief Financial Officer | CAD 382,982 | Male | — | Active |
Thomas Malcolm Alford | President of Well Servicing | — | Male | 1958 | Active |
Lavonne Zdunich | Vice President of Investor Relations | — | Female | — | Active |
Precision Drilling NYSE: PDS reported higher second-quarter revenue as record Canadian drilling activity and a rebound in U.S. rig utilization offset weaker international results, while the company said it remains on track to reduce debt and repurchase shares during 2026.
Precision Drilling (PDS) came out with a quarterly loss of $0.38 per share versus the Zacks Consensus Estimate of $0.43. This compares to earnings of $0.77 per share a year ago.
CALGARY, Alberta, July 28, 2026 (GLOBE NEWSWIRE) -- This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. This news release contains references to certain Financial Measures and Ratios, including Adjusted EBITDA (earnings before income taxes, (gain) loss on investments and other assets, finance charges, foreign exchange, gain on asset disposals and depreciation and amortization), Net Capital Spending, Working Capital and Total Long-Term Financial Liabilities. These terms do not have standardized meanings prescribed under International Financial Reporting Standards ( IFRS ) Accounting Standards and may not be comparable to similar measures used by other companies. See “Financial Measures and Ratios” later in this news release.
CALGARY, Alberta, July 13, 2026 (GLOBE NEWSWIRE) -- Precision Drilling Corporation announced today that Alice Wong has advised the Company that she will step down from the Board of Directors, effective immediately.
This milestone reflects PDS Health's continued investment in digital technologies that help practices operate more efficiently, expand access to same-day restorative care and deliver a more consistent experience for patients. This milestone reflects PDS Health's continued investment in digital technologies that help practices operate more efficiently, expand access to same-day restorative care and deliver a more consistent experience for patients.
