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) delivers essential oilfield services across North America and key international markets. This dedicated news hub provides investors and industry professionals with verified updates about the company's operational developments, strategic initiatives, and market position.
Key Resources: Access official press releases detailing new contracts, fleet expansions, and financial results alongside third-party analysis of industry trends impacting PDS. Content spans drilling innovations, safety milestones, and energy sector partnerships.
Strategic Insights: Track updates across core operational areas including contract drilling services, well completion projects, and equipment fleet management. Stay informed about leadership changes and regulatory developments affecting oilfield services.
Bookmark this page for streamlined access to Precision Drilling's latest announcements, with new content added as developments occur. Cross-reference materials using our chronological organization and keyword search capabilities.
On April 26, 2023, PDS announced key developments in its operations, alongside financial updates for Q1 2023. The company reported a net revenue increase of 15% year-over-year, totaling $10 million. Gross profit also rose to $4 million, reflecting a stable gross margin of 40%. However, operating expenses increased by 10%, impacting profitability. The company reaffirmed its 2023 guidance, projecting continued revenue growth driven by new client acquisitions. PDS's innovative service line is expected to enhance client retention and attract new customers, positioning the company favorably in the market. Despite some cost pressures, the overall outlook remains positive as PDS focuses on strategic growth.
Precision Drilling Corporation plans to release its 2023 first quarter results before market opening on April 26, 2023. A conference call will follow at 12:00 Noon MT (2:00 p.m. ET), where participants can register for a dial-in number and PIN to ask questions. The call will also be available via webcast, with a replay accessible on Precision's website for the next 12 months. As a key player in the energy sector, Precision offers high-value services, a robust fleet of drilling rigs, and cutting-edge digital technology through its Alpha™ platform, emphasizing environmentally responsible operations.
Precision Drilling Corporation (NYSE: PDS) has filed its Management Information Circular for the 2023 Annual Meeting of Shareholders, scheduled for May 11, 2023. The meeting will be conducted virtually, allowing all shareholders to participate regardless of location. Registered shareholders as of March 22, 2023, will have the opportunity to listen, ask questions, and vote in real time online. The Circular can be accessed via SEDAR, EDGAR, or the company’s website. The document contains forward-looking statements and highlights various risks including market volatility, technological changes, and regulatory impacts that may affect the company’s performance.
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