Welcome to our dedicated page for Precision Drilng news (Ticker: PDS), a resource for investors and traders seeking the latest updates and insights on Precision Drilng stock.
Precision Drilling Corporation (PDS) generates a steady flow of news tied to its role as a provider of contract drilling and completion and production services for oil and natural gas operators. Headquartered in Calgary, Alberta and listed on both the TSX (PD) and NYSE (PDS), the company regularly issues updates that reflect activity in its Super Series drilling rig fleet, well servicing operations, and international contracts.
News coverage for Precision Drilling often focuses on financial and operational updates, including quarterly and year-end results, drilling activity levels in Canada, the United States, and international markets, and the performance of its Completion and Production Services segment. Releases commonly discuss revenue, Adjusted EBITDA, rig utilization days, and capital spending related to expansion, upgrades, and maintenance of its fleet.
Investors following PDS news also see announcements on capital allocation, such as debt reduction milestones, Normal Course Issuer Bids for share repurchases, and amendments to credit agreements. The company provides context on how free cash flow is directed toward debt repayment, share buybacks, and customer-backed upgrades to its Super Series rigs.
Operationally, Precision Drilling’s news highlights demand trends for its Super Triple and Super Single rigs, activity in natural gas basins like the Haynesville and Marcellus, international work in Saudi Arabia and Kuwait, and developments in its Alpha™ digital technology and EverGreen™ environmental solutions. Updates on leadership changes, shareholder meetings, and conference calls and webcasts give additional insight into governance and investor relations. This news page brings together these disclosures so readers can review the latest company-specific developments affecting PDS.
Precision Drilling (TSX:PD; NYSE:PDS) reported 2025 fourth-quarter revenue of $479 million (up 2.2% YoY) and Adjusted EBITDA of $126 million (up 4.9% YoY). The company recorded a $42 million net loss in Q4 driven by non-cash charges including a $67 million rig decommissioning charge.
Precision ended 2025 with ~1.2x Net Debt to Adjusted EBITDA, >$445 million available liquidity, reduced debt by $101 million in 2025, and announced 2026 plans to invest $245 million, cut debt by $100 million, and allocate up to 50% of pre-debt free cash flow to buybacks.
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Precision Drilling (PDS) will release its 2025 fourth quarter and year-end results after market close on Wednesday, February 11, 2026. The company has scheduled a conference call for Thursday, February 12, 2026 at 11:00 a.m. MT (1:00 p.m. ET) to discuss results and answer questions.
Investors must register to participate and will receive a dial-in number and unique PIN to ask questions. The call will be webcast, with a replay available on Precision Drilling's website until the next quarterly conference call is posted.
Precision Drilling (TSX:PD; NYSE:PDS) reported third-quarter 2025 results on Oct 22, 2025. Revenue was $462.3M (down 3.1% YoY) and Adjusted EBITDA was $117.6M (down 17.4% YoY). The company recorded a $6.8M loss attributable to shareholders and cash from operations of $75.9M. Capital expenditures were $69M in the quarter and the 2025 capex budget was increased to $260M to fund 27 rig upgrades backed by customer commitments. Precision repurchased $9M of shares in the quarter, $54M year-to-date, and has reduced long-term debt by over $100M year-to-date.
Precision Drilling (NYSE:PDS) announced on October 6, 2025 that Carey Ford has been appointed President and Chief Executive Officer and added to the Board, succeeding Kevin Neveu, who retired after serving as President and CEO since 2007.
Mr. Ford joined Precision in 2011 and served as Chief Financial Officer since 2016, leading finance, capital markets, corporate development and operational support functions. The Board also named Gene Stahl as Chief Operating Officer (28+ years with the company) and Dustin Honing as Chief Financial Officer (nearly 15 years with the company). Mr. Neveu will remain in an advisory role to support the transition.
Precision Drilling Corporation (NYSE:PDS) has scheduled its 2025 third quarter results announcement and conference call. The company will release its Q3 2025 results after market close on Wednesday, October 22, 2025. A conference call will follow on Thursday, October 23, 2025, at 11:00 a.m. MT (1:00 p.m. ET).
Investors can participate by registering through the provided link to receive a dial-in number and PIN for asking questions. The call will also be available via webcast, with a replay accessible on Precision's website for 12 months.
Precision Drilling Corporation (PDS) has received approval from the Toronto Stock Exchange for a renewed Normal Course Issuer Bid (NCIB) program. The company is authorized to repurchase up to 1,251,850 common shares, representing approximately 10% of its public float as of September 5, 2025.
The NCIB will commence on September 19, 2025 and run through September 18, 2026, with a daily purchase limit of 27,898 shares. Under its previous NCIB, Precision has already purchased 1,046,370 shares at an average price of CAD$74.73. The company will implement an automatic securities purchase plan effective September 19, 2025, allowing share purchases during blackout periods.
Precision Drilling (NYSE:PDS) reported Q2 2025 financial results with revenue of $407 million, down 5.3% year-over-year, and Adjusted EBITDA of $108 million. The company posted net earnings of $16.3 million ($1.21 per share), marking its 12th consecutive quarter of positive earnings.
Operationally, PDS averaged 50 rigs in Canada (up from 49 in Q2 2024), 33 rigs in the U.S. (down from 36), and 7 rigs internationally. The company has increased its 2025 capital budget to $240 million from $200 million to upgrade 22 Super Series rigs. During Q2, PDS reduced debt by $74 million and repurchased $14 million of shares.
Precision Drilling Corporation (NYSE:PDS) has announced it will release its 2025 second quarter results after market close on Tuesday, July 29, 2025. The company will host a conference call on Wednesday, July 30, 2025 at 11:00 a.m. MT (1:00 p.m. ET).
Participants must pre-register to join the conference call, after which they will receive a dial-in number and unique PIN for question participation. The event will also be available via webcast, with a replay accessible on Precision's website for 12 months following the call.
Precision Drilling Corporation (PDS) held its 2025 Annual and Special Meeting of Shareholders on May 15, 2025, where shareholders approved the election of all eight board members. Seven of the eight directors are independent. The voting results showed strong support for all nominees, with approval ratings ranging from 94.63% to 98.63%.
David W. Williams received the highest approval with 98.63% of votes, while Steven W. Krablin received the lowest with 94.63%. The meeting also included a successful non-binding advisory vote on executive compensation. Complete voting results will be available on SEDAR and EDGAR.
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