Precision Drilling Corporation reports developments in contract drilling, well servicing and related oilfield services for energy customers in Canada, the United States and international markets. Company updates commonly cover Super Series drilling rigs, fleet upgrades, utilization trends, well service activity, rental equipment, camps and technical support services.
Precision news also includes quarterly and annual financial results, capital allocation, debt reduction, shareholder returns, annual disclosure documents and shareholder meeting materials. Its operating updates reference the Alpha™ digital technology portfolio for automation and analytics and the EverGreen™ suite of environmental solutions used in its drilling services.
Precision Drilling (PDS) plans to release its third-quarter 2026 results after market close on October 27, 2026.
A conference call is scheduled for October 28, 2026, at 11:00 a.m. MT (1:00 p.m. ET). The call will also be webcast, with a replay available on Precision's website until the following quarterly conference call is posted.
Precision Drilling (PDS) received Toronto Stock Exchange approval to renew its Normal Course Issuer Bid to repurchase up to 1,229,799 Common Shares, about 10% of its public float as of September 8, 2026, for cancellation.
The NCIB runs from September 21, 2026, to no later than September 20, 2027, with purchases on the TSX, NYSE and other permitted trading systems at prevailing market prices. Daily repurchases are capped at 22,165 shares, equal to 25% of the six‑month average TSX trading volume, except for allowable weekly block purchases. As of September 8, 2026, the company had 12,587,470 shares outstanding and a public float of 12,297,993 shares.
Precision Drilling (TSX:PD; NYSE:PDS) reported 2026 Q2 revenue of $453 million, up 11% from $407 million in 2025, driven by stronger Canadian and U.S. drilling and well service activity that offset weaker international results and lower Canadian upfront capital payments.
Adjusted EBITDA declined 10% to $97 million, mainly from higher U.S. rig reactivation costs and lower international margins tied to geopolitical tensions and a changed rig mix. The quarter showed a net loss attributable to shareholders of $1 million, versus $16 million net earnings a year earlier, largely due to an $11 million increase in depreciation from revised useful life estimates.
Cash from operations was $146 million, supporting $50 million of debt reduction and $12 million of share repurchases. Capital spending rose to $76 million. Canadian and U.S. rig activity outpaced their respective industries, while a new five-year Kuwait contract is expected to raise international rigs to eight by mid-2027.
Precision Drilling (NYSE:PDS) announced that Alice Wong has stepped down from its Board of Directors, effective immediately. Wong joined the board in 2024 and served on the Audit Committee, the Human Resources and Compensation Committee, and the Health, Safety, Environment Council. Chairman Steven W. Krablin thanked her for her integrity, judgment, and commitment to the company’s long-term success and extended best wishes for her future endeavors.
Precision Drilling (NYSE:PDS) will release its 2026 second quarter results after market close on Tuesday, July 28, 2026. A conference call is scheduled for Wednesday, July 29, 2026 at 11:00 a.m. MT (1:00 p.m. ET), with live webcast and 12‑month replay access.
Precision Drilling (PDS) reported voting results from its 2026 Annual Meeting of Shareholders held May 14, 2026. Shareholders elected all eight nominee directors, seven of whom are independent.
Director support ranged from 90.52% to 99.77% of votes cast. All other meeting items, including a non-binding advisory vote on executive compensation, were approved. Detailed results will be filed on SEDAR+ and EDGAR Next.
Precision Drilling (NYSE/PDS) will hold a virtual 2026 Annual Meeting of Shareholders on Thursday, May 14, 2026 at 10:00 a.m. MST. Registered shareholders and proxyholders can listen, ask questions, and vote in real time via the provided online meeting link.
Guests may listen only. The Management Information Circular dated April 1, 2026 is available on the company website. For participation or voting questions, contact Computershare at 1-800-564-6253.
Precision Drilling (TSX:PD; NYSE:PDS) reported Q1 2026 unaudited results: revenue $526.1M (+6% YoY) and Adjusted EBITDA $123.9M. Net earnings attributable to shareholders were $17.4M ($1.34/share). Cash from operations was $63.2M; the company repurchased $4M of shares and reduced long-term debt by $25M. Capital spending was $65M and the 2026 capital budget was revised to $265M to fund two contracted Super Triple upgrades and higher North American activity.
Precision Drilling (TSX:PD; NYSE:PDS) filed its Management Information Circular for the 2026 Annual Meeting of Shareholders and announced a virtual-only Annual Meeting on Thursday, May 14, 2026 at 10:00 a.m. Mountain Time.
Registered shareholders of record as of March 25, 2026 may participate and vote; non-registered shareholders must appoint themselves as proxy holders per the Circular.
Precision Drilling (TSX:PDS) will release its 2026 first quarter results after market close on April 29, 2026. A conference call is scheduled for April 30, 2026 at 11:00 a.m. MT (1:00 p.m. ET), with registration required for dial-in and Q&A. The call will be webcast and replayed on the company website for 12 months.