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Dimensional Fund Advisors LP, a Delaware limited partnership and registered investment adviser, reports beneficial ownership of 663,560 shares of Precision Drilling Corp common stock, representing 5.1% of the class as of June 30, 2026. Dimensional has sole power to vote 661,473 of these shares and sole power to dispose of 663,560 shares, with no shared voting or dispositive power.
All securities are owned by underlying funds, group trusts and separate accounts for which Dimensional or its subsidiaries provide advisory or management services, and Dimensional disclaims beneficial ownership other than for Section 13(d) reporting. The funds have the right to receive dividends and sale proceeds, and to Dimensional’s knowledge no single fund holds more than 5% of the class.
Precision Drilling Corporation reports a board change, as director Alice Wong has stepped down from the Board of Directors, effective immediately. She had served as a director since 2024 and participated on the Audit Committee, the Human Resources and Compensation Committee, and the Health, Safety, Environment Council.
The company thanks Ms. Wong for her service and highlights her integrity, judgment, and commitment to its long-term success. Precision Drilling continues to position itself as a provider of high-performance, environmentally focused drilling and related energy services.
Precision Drilling Corporation submitted a Form 6-K announcing timing for its 2026 second quarter financial results and related investor events. The company intends to release its Q2 2026 results after the market closes on Tuesday, July 28, 2026.
Management has scheduled a conference call to discuss these results at 11:00 a.m. MT (1:00 p.m. ET) on Wednesday, July 29, 2026, with advance registration required to receive dial-in details and a unique PIN for questions. The call will be webcast, and a replay will be available on Precision’s website for 12 months.
PDS submitted a Form 144 notice reporting a proposed sale of 10,000 shares of Common stock. The filing lists Charles Schwab & Co., Inc. as broker and shows a value of $981,300.00 with an associated date of 05/21/2026.
PDS affiliate filed a Form 144 notice of proposed sale of common stock. The filing lists 7,316 shares under "Securities To Be Sold" and reports 5,000 shares sold during the past three months on 05/18/2026. The securities are described as restricted stock vesting under a registered plan, and the filing lists Morgan Stanley Smith Barney LLC as the broker.
Morgan Stanley Smith Barney LLC Executive Financial Services filed a Form 144 notice for the proposed sale of 5,000 shares of common stock on 05/18/2026. The shares consist of 2,261 shares that vested on 11/14/2005 and 2,739 shares that vested on 02/13/2023 under a registered plan.
Precision Drilling Corporation reports strong shareholder support at its 2026 Annual Meeting of Shareholders held on May 14, 2026. All eight director nominees were elected, with individual support ranging from 90.52% to 99.77% of votes cast. Shareholders also approved the appointment of PricewaterhouseCoopers LLP as auditors, with 99.17% of votes in favour, and backed the Company’s non-binding advisory resolution on executive compensation (“Say on Pay”) with 95.33% support.
FIL Limited filed Amendment No. 1 to Schedule 13G/A reporting beneficial ownership of 1,030,815 shares of Precision Drilling Corp common stock, equal to 8.0% of the class. The filing names FIL Limited and related entities (Pandanus Partners, L.P. and Pandanus Associates, Inc.) and references an Exhibit 99 and an incorporated power of attorney.
Precision Drilling Corporation submitted a report noting that its 2026 Annual Meeting of Shareholders will be held as a virtual-only event. The meeting is scheduled for May 14, 2026 at 10:00 a.m. MST and can be accessed online at the specified webcast link.
Registered shareholders and duly appointed proxyholders can listen, ask questions, and vote in real time, while guests may only listen. Shareholders may also vote by proxy in advance. Further details are provided in the Management Information Circular dated April 1, 2026.
Precision Drilling Corporation reported first-quarter 2026 revenue of $526,051 thousand, up 6% from 2025, driven mainly by higher drilling activity in Canada and the U.S. Adjusted EBITDA was $123,947 thousand, down 10%, while net earnings attributable to shareholders fell to $17,376 thousand, roughly half the prior year, as depreciation, share-based compensation and international reactivation costs weighed on margins.
The Contract Drilling Services segment grew revenue 7% to $449,009 thousand, but Adjusted EBITDA margin slipped to 29.6%. Completion and Production Services revenue was stable at $79,931 thousand. Working capital increased to $208,099 thousand, and long-term debt declined to $663,859 thousand as the company repaid borrowings.
Management expects 2026 capital spending of $265 million, including $168 million for maintenance, infrastructure and intangibles and $97 million for expansion and upgrades, and plans to reduce debt by $100 million while allocating up to 50% of free cash flow before debt repayments to share repurchases.