Precision Drilling Corp is a prominent provider of drilling services and equipment to the oil and gas industry, specializing in contract drilling, operational services, and technology solutions
The company operates a fleet of advanced drilling rigs and offers various support services, including well site construction and maintenance. With a focus on innovation and efficiency, Precision Drilling aims to enhance the performance of its clients' drilling operations while ensuring safety and environmental responsibility. The company serves a diverse range of clients in North America and internationally, positioning itself as a key player in the energy sector.
Precision Drilling sees a surge in shares as Q4 results reveal C$506.9 million in revenues, driven by increased North American and international activity, with adjusted EBITDA hitting C$151.2 million. CEO Kevin Neveu outlines a bullish outlook, anticipating a 40% Y/Y increase in international rig count, driven by term contracts in Kuwait and Saudi Arabia. The company aims to reduce debt and allocate significant portions of free cash flow to share repurchases.
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Precision Drilling (NYSEPDS) reported its Q3 earnings results on Thursday, October 27, 2022 at 06:00 AM. Here's what investors need to know about the announcement.
Precision Drilling (NYSEPDS) reported its Q2 earnings results on Wednesday, July 27, 2022 at 06:00 AM. Here's what investors need to know about the announcement.
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