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.
Our SEC filing database is enhanced with expert analysis from Rhea-AI, providing insights into the potential impact of each filing on PRECISION DRILLING's stock performance. Each filing includes a concise AI-generated summary, sentiment and impact scores, and end-of-day stock performance data showing the actual market reaction. Navigate easily through different filing types including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, proxy statements (DEF 14A), and Form 4 insider trading disclosures.
Designed for fundamental investors and regulatory compliance professionals, our page simplifies access to critical SEC filings. By combining real-time SEC filing updates, Rhea-AI's analytical insights, and historical stock performance data, we provide comprehensive visibility into PRECISION DRILLING's regulatory disclosures and financial reporting.
Precision Drilling Corporation has received approval for a dual listing of its common shares on NYSE Texas, a fully electronic equities exchange based in Dallas. Trading on NYSE Texas under the same “PDS” ticker is expected to begin on March 2, 2026.
The company will maintain its primary listing on the New York Stock Exchange and its Toronto Stock Exchange listing under the symbol “PD”. This dual listing provides investors with another U.S. trading venue while leaving existing listings unchanged.
Precision Drilling Corporation filed a report outlining key dates and details for its upcoming annual meeting of security holders. The record date for notice and voting is March 25, 2026, and the meeting will be held as a virtual meeting on May 14, 2026.
The company will use notice-and-access for both registered and beneficial holders, with no stratification criteria. Precision Drilling will not send proxy materials directly to non-objecting beneficial owners but will pay for delivery to objecting beneficial owners.
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.