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Precision Drilling Corp. (PDS)
NYSE:PDS
Earnings Data
Report Date
Jul 24, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.17Last Year’s EPS
1.04Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 23, 2025
|% Change Since: 1.08%
|Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with strong adjusted EBITDA and continued positive earnings streak, alongside progress in debt reduction and increased Canadian drilling activity. However, challenges such as a revenue decline, decreased U.S. drilling activity, international rig suspension, and lower Completion and Production Services EBITDA were noted.Company Guidance
During the Precision Drilling Corporation's first quarter conference call for fiscal year 2025, various metrics were presented to provide guidance and insights into the company's performance and outlook. The company reported an adjusted EBITDA of $137 million, which included $3 million in share-based compensation and $3 million in restructuring charges. Excluding these charges, the adjusted EBITDA would have been $143 million. Revenue for the quarter was $496 million, marking a 6% decrease from Q1 2024. Precision Drilling achieved net earnings of $35 million or $2.52 per share, continuing its streak of 11 consecutive quarters of positive earnings. The company highlighted a daily operating margin in the U.S. of US$8,360, with expectations for Q2 margins to be between US$7,000 and US$8,000. In Canada, daily operating margins for Q1 were $14,779, with Q2 expectations set between $13,500 and $14,500. Capital expenditures for Q1 amounted to $60 million, and the full-year capital plan was reduced to $200 million from the previously planned $225 million. The company also emphasized its commitment to reducing net debt by $100 million in 2025, with a longer-term goal of reducing debt by $700 million between 2022 and 2027. Guidance for the year included expectations of strong cash flow, depreciation of approximately $300 million, cash interest expense around $65 million, and an effective tax rate between 25% and 30%.Strong Adjusted EBITDA
Precision Drilling Corporation reported an adjusted EBITDA of $137 million for Q1 2025, driven by strong drilling activity in Canada and steady cash flow from U.S. and Middle East operations.
Positive Earnings Streak
The company achieved its 11th consecutive quarter of positive net earnings, with a net income of $35 million or $2.52 per share.
Debt Reduction Progress
Precision reduced its long-term debt position by $17 million in Q1 2025 and plans to reduce it by at least $80 million more during the year. Since 2022, the company has reduced debt by $452 million.
Canadian Drilling Activity Increases
Precision's drilling activity in Canada averaged 74 rigs, an increase of 1 rig from Q1 2024.
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PDS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PDS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 23, 2025 | $42.54 | $43.08 | +1.27% |
| Feb 12, 2025 | $56.23 | $55.76 | -0.84% |
| Oct 29, 2024 | $57.15 | $61.17 | +7.03% |
| Jul 30, 2024 | $71.98 | $76.85 | +6.77% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Precision Drilling Corp. (PDS) report earnings?
Precision Drilling Corp. (PDS) is schdueled to report earning on Jul 24, 2025, TBA Not Confirmed.
What is Precision Drilling Corp. (PDS) earnings time?
Precision Drilling Corp. (PDS) earnings time is at Jul 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PDS EPS forecast?
PDS EPS forecast for the fiscal quarter 2025 (Q2) is -0.17.
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