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PDS News
PDS Events
Precision Reports Q4 Revenue of C$479M
Reports Q4 revenue C$479M vs C$468.17M last year. Precision's President and CEO, Carey Ford, provided the following commentary: "In 2026, Precision enters its 75th year of delivering High Performance, High Value results to our customers and shareholders. We continue to meet the evolving needs of the energy industry by attracting, developing, and retaining the highest-quality people, and by delivering advanced, scalable technology across our fleet. Our ability to execute reliably and support our customers' development plans has been central to our long-standing track record of success. This enduring foundation supports Precision as we deliver sustained, long-term value for shareholders."
Company Expects Global Energy Demand to Improve by 2026
The company said, "Near-term expectations for global energy demand growth remain tempered by persistent geopolitical uncertainties and continued signs of oversupply. However, this narrative has started to soften as demand indicators stabilize, particularly in natural gas markets, where accelerating LNG supply growth and strengthening consumption in key regions, including Asia and Europe, are expected to support a more constructive demand outlook in 2026. Looking further ahead, we believe the long-term fundamentals for energy remain favorable, underpinned by economic expansion, rising energy needs from emerging economies, and sustained global appetite for LNG driven by the continued build-out of LNG infrastructure and trade flows. Additionally, natural gas-fired power generation is poised for multi-year structural growth as data centers scale rapidly to meet AI driven electricity demand."
Precision Drilling Achieves 2025 Debt Reduction Target and Updates Financial Status
Precision Drilling announces a series of updates reflecting the its financial performance and disciplined capital allocation strategy, including: 1) the achievement of its 2025 debt reduction target and year end liquidity update; 2) commitment to its capital allocation framework; and 3) a financial and operational update. Carey Ford, Precision's President and CEO, commented, "Precision generated substantial free cash flow in 2025, allowing us to not only meet our debt reduction and share repurchase targets but also upgrade 27 of our Super Series rigs to meet the needs of our customers. With a durable free cash flow outlook, we plan to improve our capital returns to shareholders in 2026 by continuing to reduce debt and increasing the percentage of free cash flow returned directly to shareholders. I am proud of our people's commitment to Precision's High Performance, High Value strategy, delivering exceptional services to our customers, and increasing value for our shareholders."
Precision Drilling Announces Q3 EPS of C$0.51 Compared to C$2.31 Last Year
Reports Q3 revenue C$462.25M vs. C$477.16M last year. "Precision's Q3 not only achieved financial results that exceeded most expectations, but also demonstrated our ability to meet shareholder capital allocation commitments while continuing to strengthen our competitive position through fleet investments in key operating markets. Precision's favorable positioning in U.S. natural gas markets and Canadian heavy oil and unconventional natural gas markets, combined with scale and technical expertise, have provided us the ability to capture numerous opportunities to deploy upgrade capital underpinned by customer commitments, drive revenue and activity growth, and deliver excellent financial returns to our shareholders," stated CEO Carey Ford.
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