Welcome to our dedicated page for PRECISION DRILLING SEC filings (Ticker: PDS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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A shareholder of PDS has filed a notice of proposed sale of 12,000 common shares through broker Charles Schwab & Co. on the NYSE, with an approximate sale date of 02/17/2026 and an aggregate market value of 1059120.00.
The filing notes that these 12,000 common shares were acquired on 12/13/2023 as equity compensation, with the same date shown as the payment date and the nature of payment also described as equity compensation. Shares of the same class outstanding were 13,779,502 at the time referenced.
Precision Drilling reported fourth quarter 2025 revenue of $478.5M, up 2% year over year, and Adjusted EBITDA of $126.4M, up 5%. The quarter swung to a net loss attributable to shareholders of $42.2M versus earnings of $14.8M a year earlier, driven by a non-cash $67M charge to decommission 31 drilling rigs and a $17M drill pipe write-down.
For 2025, revenue was $1.84B (down 3%), Adjusted EBITDA was $489.6M (down 6%), and net earnings attributable to shareholders were $1.8M compared with $111.2M in 2024. The company reduced long-term debt to $679.3M, cutting debt by $101M and ending with a Net Debt to Adjusted EBITDA ratio of 1.2 times and working capital of $186.8M.
Precision repurchased $76M of shares in 2025, shrinking basic weighted average shares by 6%. For 2026, it plans capital spending of $245M, target debt reduction of $100M, and to allocate up to 50% of free cash flow before debt repayments to share repurchases, while maintaining strong rig utilization in Canada, the U.S., and the Middle East.
Precision Drilling Corp received a Schedule 13G filing showing that FIL Limited and affiliated entities beneficially own 850,331 shares of its common stock, representing 6.5% of the class as of 12/31/2025. FIL Limited reports sole dispositive power over these shares and limited sole voting power.
Pandanus Partners, L.P. and Pandanus Associates, Inc. are also listed as reporting persons with the same 850,331 shares and 6.5% stake. The securities are stated to be held in the ordinary course of business and not for the purpose of changing or influencing control of Precision Drilling. One or more other persons may receive dividends or sale proceeds, but no such person holds more than five percent of the outstanding common stock.
Precision Drilling Corporation furnished a Form 6-K indicating that it has met its annual capital allocation targets and is providing related financial and operational updates. These updates are contained in an attached exhibit titled “Precision Drilling Meets Annual Capital Allocation Targets and Provides Financial and Operational Updates,” offering investors additional detail on the company’s recent performance and capital deployment.
Precision Drilling Corporation submitted a Form 6-K as a foreign private issuer for January 2026. The filing confirms it files annual reports under Form 40-F and is signed by Chief Financial Officer Dustin D Honing. The report mainly forwards an exhibit announcing the company’s 2025 fourth quarter and year-end results conference call and webcast.
Precision Drilling Corporation filed a Form 6-K as a foreign private issuer. The report announces a change of auditor and includes related correspondence from the successor and former auditors.
The submission lists three exhibits: 99.1 Notice of Change of Auditor, 99.2 letter from successor auditor, and 99.3 letter from former auditor.
Precision Drilling Corporation filed a Form 6-K as a foreign private issuer for October 2025. The filing indicates that the company files its annual reports under Form 40-F. It includes exhibits noting the appointment of Carey Ford as President and Chief Executive Officer and the retirement of Kevin Neveu, signaling a transition in top leadership. A material change report dated October 7, 2025 is also referenced, which is intended to provide further details on this management change.
Precision Drilling Corporation filed a Current Report announcing a leadership change effective October 6, 2025. The report states that Carey Ford has been appointed President and Chief Executive Officer and that Kevin Neveu will retire. The filing is signed by Dustin D Honing, Chief Financial Officer, on behalf of the registrant.
The notice is concise and limited to the executive transition; no financial results, transaction details, compensation terms, or forward-looking guidance are included in the report.