Precision Drilling reports Q3 EPS (C$0.51) vs. 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.