Precision Drilling Boasts Strong Q2 2024 Results
Company Announcements

Precision Drilling Boasts Strong Q2 2024 Results

Precision Drilling (TSE:PD) has released an update.

Precision Drilling Corporation reported robust financial results for Q2 2024, with significant revenue growth in Canada and internationally. The company showcased strong cash flow generation, allowing for substantial debt reduction, increased cash reserves, and shareholder returns through share buybacks. Precision expressed confidence in maintaining this momentum, bolstered by favorable Canadian market conditions and positive projections for U.S. drilling activity.

For further insights into TSE:PD stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskPrecision Drilling Corp Reports Strong Q3 2024 Results
TipRanks Canadian Auto-Generated NewsdeskPrecision Drilling’s Strong Q3 2024 Financial Performance
TheFlyPrecision Drilling expects long-term global energy demand to remain positive
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App