Precision Drilling Corporation Announces Filing of Annual Disclosure Documents

Precision Drilling (NYSE:PDS) filed its 2025 annual disclosure documents with Canadian securities commissions and the U.S. SEC on March 9, 2026.

Rhea-AI Summary

Precision Drilling (NYSE:PDS) filed its 2025 annual disclosure documents with Canadian securities commissions and the U.S. SEC on March 9, 2026. The 2025 Annual Report includes audited consolidated financial statements and management’s discussion and analysis for the year ended December 31, 2025.

The documents were filed on SEDAR+ and on Form 40-F via EDGAR and are available on Precision Drilling's website. The company will hold a virtual-only Annual Meeting of Shareholders at 10:00 a.m. MDT on May 14, 2026.

Argus Mar 10 session

+0.19% close to close Open Argus

Details

News Market Reaction – PDS

On Mar 10, the first trading day after this news, PDS closed 0.19% above the previous close.

Data tracked by StockTitan Argus for the Mar 10 session.

Key Figures

Fiscal year end: December 31, 2025 Annual meeting time: 10:00 a.m. MDT Annual meeting date: May 14, 2026 +1 more

Fiscal year end

December 31, 2025

Year covered by the 2025 Annual Report

Annual meeting time

10:00 a.m. MDT

Scheduled time for 2026 virtual annual meeting on May 14, 2026

Annual meeting date

May 14, 2026

Date of 2026 virtual-only Annual Meeting of Shareholders

Form type

Form 40-F

Annual Report filing with the SEC via EDGAR

Historical Context

5 past events · Latest: Feb 27

5 events

1. Feb 27

   Dual listing news

   24h Move

   +1.0%

   Approval and commencement of dual listing on NYSE Texas for PDS shares.

2. Feb 11

   Earnings release

   24h Move

   -7.8%

   Q4 and full-year 2025 results with net loss driven by non-cash charges.

3. Jan 06

   Capital allocation update

   24h Move

   -0.1%

   Company met annual capital allocation targets and provided financial updates.

4. Jan 05

   Conference call notice

   24h Move

   -0.1%

   Announcement of timing and access details for Q4 and year-end results call.

5. Oct 22

   Quarterly results

   24h Move

   +3.9%

   Q3 2025 revenue and EBITDA declines with a loss yet positive share reaction.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

securities and exchange commission, management’s discussion and analysis, annual information form, system for electronic document analysis and retrieval (sedar+), +2 more

6 terms

securities and exchange commission regulatory

"and the United States Securities and Exchange Commission (SEC). Precision’s 2025"

A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.

management’s discussion and analysis financial

"contains the audited consolidated financial statements and management’s discussion and analysis for the year"

Management’s discussion and analysis (MD&A) is a narrative section of a company’s financial filing where executives explain the recent financial results, underlying causes of those results, trends they see, and material risks and uncertainties in everyday language. Investors rely on it like a company’s report card with the manager’s comments—helping interpret raw numbers, judge future prospects and cash needs, and spot warnings or opportunities that the financial statements alone may not reveal.

annual information form regulatory

"Precision’s Annual Report and Annual Information Form have been filed on the Canadian System"

A company's annual information form is a comprehensive regulatory filing that lays out its business description, key assets, risks, legal matters and other background details shareholders need to understand the company’s operations. Think of it as a detailed owner’s manual or dossier that supplements financial statements, helping investors do deeper homework on how the business works and what could affect its future performance.

system for electronic document analysis and retrieval (sedar+) regulatory

"filed on the Canadian System for Electronic Document Analysis and Retrieval (SEDAR+)"

An online public database where companies and investment funds file required regulatory documents — such as financial statements, prospectuses, and material-change reports — for review by regulators and investors. It matters because it gives investors a single, official “filing cabinet” to verify claims, track company performance and risks, and find source documents that underpin press releases and market chatter.

form 40-f regulatory

"and on Form 40-F on the SEC’s Electronic Data Gathering, Analysis and Retrieval"

A Form 40-F is a standardized annual filing used by certain Canadian companies that trade in U.S. markets to give U.S. regulators and investors the same core financial statements and key disclosures they file in Canada. Think of it as a translated, formally packaged annual report that lets investors in a different marketplace compare a company’s results, governance and risks more easily, which reduces uncertainty and helps investment decisions.

electronic data gathering, analysis and retrieval (edgar) regulatory

"Form 40-F on the SEC’s Electronic Data Gathering, Analysis and Retrieval (EDGAR) system."

An online system used by public companies and other filers to submit regulatory documents, such as financial reports, ownership disclosures and material announcements, to the securities regulator. Think of it as a public online filing cabinet that gives investors and analysts fast access to official company records so they can check facts, track performance, spot risks and make informed investment decisions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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CALGARY, Alberta, March 09, 2026 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (Precision) announced that it has filed its annual disclosure documents with the securities commissions in each of the provinces of Canada and the United States Securities and Exchange Commission (SEC).

Precision’s 2025 Annual Report contains the audited consolidated financial statements and management’s discussion and analysis for the year ended December 31, 2025. Precision’s financial results for the year ended December 31, 2025 were previously released on February 11, 2026.

Precision’s Annual Report and Annual Information Form have been filed on the Canadian System for Electronic Document Analysis and Retrieval (SEDAR+) and on Form 40-F on the SEC’s Electronic Data Gathering, Analysis and Retrieval (EDGAR) system.

The documents described above are also available on Precision’s website at www.precisiondrilling.com or by emailing Precision at info@precisiondrilling.com.

Precision’s 2026 Annual Meeting of Shareholders will be held in a virtual-only format at 10:00 a.m. MDT on Thursday, May 14, 2026.

About Precision

Precision is a leading provider of safe and environmentally responsible High Performance, High Value services to the energy industry, offering customers access to an extensive fleet of Super Series drilling rigs. Precision has commercialized an industry-leading digital technology portfolio known as Alpha™ that utilizes advanced automation software and analytics to generate efficient, predictable, and repeatable results for energy customers. Our drilling services are enhanced by our EverGreen™ suite of environmental solutions, which bolsters our commitment to reducing the environmental impact of our operations. Additionally, Precision offers well service rigs, rental equipment and camps all backed by a comprehensive mix of technical support services and skilled, experienced personnel.

Precision is headquartered in Calgary, Alberta, Canada and is listed on the Toronto Stock Exchange under the trading symbol “PD” and on the New York Stock Exchange under the trading symbol “PDS”.

Additional Information

For more information about Precision, please visit our website at www.precisiondrilling.com or contact:

Lavonne Zdunich, CPA, CA
Vice President, Investor Relations
403.716.4500

800, 525 - 8th Avenue S.W.
Calgary, Alberta, Canada T2P 1G1
Website: www.precisiondrilling.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Precision Drilling (PDS) file on March 9, 2026?

Precision Drilling filed its 2025 Annual Report and Annual Information Form on SEDAR+ and EDGAR. According to the company, filings include audited consolidated financial statements and management's discussion and analysis for the year ended December 31, 2025.

Where can investors access Precision Drilling's 2025 Annual Report (PDS)?

Investors can access the 2025 Annual Report on SEDAR+ and EDGAR and the company's website. According to the company, the documents are available at www.precisiondrilling.com or by emailing info@precisiondrilling.com for copies.

When is Precision Drilling's (PDS) 2026 Annual Meeting of Shareholders?

Precision Drilling will hold its 2026 Annual Meeting virtually at 10:00 a.m. MDT on Thursday, May 14, 2026. According to the company, the meeting will be virtual-only and intended for shareholders to vote and receive updates.

Does Precision Drilling (PDS) 2025 Annual Report include audited financial statements?

Yes. The 2025 Annual Report contains audited consolidated financial statements for the year ended December 31, 2025. According to the company, the audited statements are accompanied by management's discussion and analysis.

Were Precision Drilling's (PDS) 2025 results previously released before the filings?

Yes. Precision Drilling's financial results for the year ended December 31, 2025 were previously released on February 11, 2026. According to the company, the Annual Report formally files those audited results with regulators.