Inferra AI / Company / PDS
Precision Drilling Corporation
PDS · Energy
Last earnings Oct 28, 2026
Key results
Revenuequarter
15%
Financial Highlights · Revenue increased 15% to $532 million, compared with $462 million in the third quarter of 2025, supported by stronger drilling activity in North America and higher average U.
SEC original ↗Precision Drilling Corporation — Earnings release (6-K exhibit)EX-99Oct 28, 2026
Net incomequarter
$21 million
· Net earnings attributable to shareholders in the third quarter was $21 million compared with a net loss of $7 million in 2025.
SEC original ↗Precision Drilling Corporation — Earnings release (6-K exhibit)EX-99Oct 28, 2026
Canadian revenuequarter
$33,654
· Canadian revenue per utilization day was $33,654 compared to $34,193 in 2025.
SEC original ↗Precision Drilling Corporation — Earnings release (6-K exhibit)EX-99Oct 28, 2026
revenue per utilization day increased to US$33,270 from US$31,040 in the same period last year, driven by higher average day rates and increased technology revenue.
SEC original ↗Precision Drilling Corporation — Earnings release (6-K exhibit)EX-99Oct 28, 2026
This change in rig mix and planned rig recertifications, resulting in non-billable days, decreased revenue per utilization day to US$46,304 from US$53,811.
SEC original ↗Precision Drilling Corporation — Earnings release (6-K exhibit)EX-99Oct 28, 2026
Growthquarter
up $69 million
" Summary for the three months ended September 30, 2026: · Revenue in the third quarter was $532 million, up $69 million from 2025.
SEC original ↗Precision Drilling Corporation — Earnings release (6-K exhibit)EX-99Oct 28, 2026
· Net earnings attributable to shareholders was $21 million or $1.65 per share compared to a net loss of $7 million or $0.51 per share for the same period last year.
SEC original ↗Precision Drilling Corporation — Earnings release (6-K exhibit)EX-99Oct 28, 2026
Net earnings in 2026 included $8 million of additional depreciation expense from the change in useful life estimates effective January 1, 2026.
SEC original ↗Precision Drilling Corporation — Earnings release (6-K exhibit)EX-99Oct 28, 2026
AI analysis
Q3 2026 · reported Oct 28, 2026
Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held
Headline figures
| Metric | Q3 2026 | Prior qtr | Year ago |
|---|---|---|---|
| Revenue | 15% | — | — |
| Net income | $21 million | — | — |
| Canadian revenue | $33,654 | — | $34,193 |
| Growth | up $69 million | — | — |
Guidance · company-stated
No guidance located in the held release
Capital allocation
· Cash provided by operations during the quarter was $71 million compared to $76 million, allowing for the repurchase of $31 million of common shares.
During the quarter, the Company repurchased 269,331 shares for $31 million.
Company-stated claims
Historical · increased by 146% · capacity
“The average AECO natural gas price increased by 146%, supported by stronger natural gas demand and increased export capacity from the ramp-up of LNG Canada, while the average Henry Hub natural gas price decreased by 6% compared with the same period last year.”
EX-99 · Oct 28, 2026Event summary
See Financial Measures and Ratios later in this report
Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
· Cash provided by operations during the quarter was $71 million compared to $76 million, allowing for the repurchase of $31 million of common shares.
SEC original ↗Precision Drilling Corporation — Earnings release (6-K exhibit)EX-99Oct 28, 2026
During the quarter, the Company repurchased 269,331 shares for $31 million.
SEC original ↗Precision Drilling Corporation — Earnings release (6-K exhibit)EX-99Oct 28, 2026
· Cash provided by operations was $280 million and the Company repurchased 405,621 shares for $47 million and reduced long-term debt by $75 million.
SEC original ↗Precision Drilling Corporation — Earnings release (6-K exhibit)EX-99Oct 28, 2026
· Returned $31 million to shareholders by repurchasing 269,331 shares during the quarter.
SEC original ↗Precision Drilling Corporation — Earnings release (6-K exhibit)EX-99Oct 28, 2026
Year to date, we have repurchased $47 million of shares and remain committed to our annual guidance target.
SEC original ↗Precision Drilling Corporation — Earnings release (6-K exhibit)EX-99Oct 28, 2026
We remain committed to shareholder returns and expect to achieve our $100 million debt repayment target for the year while continuing to actively repurchase shares in the fourth quarter, building on the $47 million of buybacks completed to date.
SEC original ↗Precision Drilling Corporation — Earnings release (6-K exhibit)EX-99Oct 28, 2026
Strategy & priorities
Capital spending by spend category (1) is expected to include approximately $172 million for maintenance, infrastructure, and intangibles and $103 million to $113 million for expansion and upgrades.
SEC original ↗Precision Drilling Corporation — Earnings release (6-K exhibit)EX-99Oct 28, 2026
STRATEGY Precision s vision is to be globally recognized as the High Performance, High Value provider of land drilling services.
SEC original ↗Precision Drilling Corporation — Earnings release (6-K exhibit)EX-99Oct 28, 2026
We work toward this vision by defining and measuring our results against strategic priorities that we establish at the beginning of every year.
SEC original ↗Precision Drilling Corporation — Earnings release (6-K exhibit)EX-99Oct 28, 2026
Precision s 2026 strategic priorities and the progress made during the third quarter are summarized below.
SEC original ↗Precision Drilling Corporation — Earnings release (6-K exhibit)EX-99Oct 28, 2026
Maximize free cash flow through strategic capital deployment and sustained cost discipline.
SEC original ↗Precision Drilling Corporation — Earnings release (6-K exhibit)EX-99Oct 28, 2026
Risks & headwinds
" OUTLOOK Ongoing geopolitical uncertainty and relatively tight global crude oil inventories have reinforced the importance of secure and reliable energy supply, supporting constructive oil prices and customer investment confidence.
SEC original ↗Precision Drilling Corporation — Earnings release (6-K exhibit)EX-99Oct 28, 2026
Whether actual results, performance or achievements will conform to our expectations and predictions is subject to a number of known and unknown risks and uncertainties which could cause actual results to differ materially from our expectations.
SEC original ↗Precision Drilling Corporation — Earnings release (6-K exhibit)EX-99Oct 28, 2026
The estimation of anticipated future events involves uncertainty and, consequently, the estimates used in preparation of the condensed interim consolidated financial statements may change as future events unfold, more experience is acquired, or the Corporation s operating environment changes.
SEC original ↗Precision Drilling Corporation — Earnings release (6-K exhibit)EX-99Oct 28, 2026
The impacts of geopolitical events, such as the imposed tariffs between Canada and the U.
SEC original ↗Precision Drilling Corporation — Earnings release (6-K exhibit)EX-99Oct 28, 2026
, regional conflicts, especially in oil producing areas, can materially impact energy markets, interest and inflation rates, and supply chains, resulting in higher levels of volatility and uncertainty.
SEC original ↗Precision Drilling Corporation — Earnings release (6-K exhibit)EX-99Oct 28, 2026
However, there are tax filing positions that have been and can still be the subject of review by taxation authorities who may successfully challenge the Corporation's interpretation of the applicable tax legislation and regulations, with the result that additional taxes could be payable by the Corporation.
SEC original ↗Precision Drilling Corporation — Earnings release (6-K exhibit)EX-99Oct 28, 2026
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
27 documentsEarnings releases
6 documentsPresentations
0 documentsNo presentations for Precision Drilling Corporation are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Precision Drilling Corporation are held in this edition of the library.
Mentioned by
1 companyOther tracked companies whose held documents mention Precision Drilling Corporation by name or ticker. A mention is counted once per document, from the document text the library holds.
Aveanna Healthcare Holdings, Inc. (AVAH)
“tters; and other costs. As non-GAAP financial measures, our computations of EBITDA… …2026 PDS Hours 3. As of July 4, 2026 ($ in millions) 10.2% CAGR By The Numbers Payor Mix 2020 – 2026 Revenue Growth National Footprint No single payor contributes mo”
See also the earnings calendar for every tracked company’s next earnings date.