The earnings call presented a mostly positive outlook with strong Q2 financial results, debt reduction, and increased customer demand for rigs. However, challenges remain in the form of decreased revenue and oversupply in certain Canadian market segments.

Company Guidance -

Q3 2025

During Precision Drilling Corporation's Q2 2025 conference call, the company provided optimistic guidance, reporting stronger-than-expected financial results including an adjusted EBITDA of $108 million, driven by robust drilling activity in Canada and the U.S., and steady operations in the Middle East. Net earnings reached $16 million or $1.21 per share, marking the 12th consecutive quarter of positive earnings. Precision anticipates normalized daily operating margins in Q3 to range from USD 8,000 to USD 9,000 in the U.S. and between $12,000 and $13,000 in Canada, expecting continued strong free cash flow for 2025. Capital expenditures for the quarter were $53 million, with an increased full-year capital plan from $200 million to $240 million to accommodate rising demand for rig upgrades. The company aims for a $100 million debt reduction target for 2025, having already reduced debt by $74 million in Q2, and plans to allocate 35% to 45% of free cash flow to share repurchases. With an improved outlook and increased activity, Precision is on track to meet its capital allocation goals, supported by increased rig demand in key basins like Haynesville and Montney.

Stronger Than Expected Q2 Financial Results

Precision's Q2 financial results exceeded expectations for adjusted EBITDA, earnings, and cash flow. Adjusted EBITDA was $108 million, driven by strong drilling activity in Canada, improved activity in the U.S., and steady cash flow from operations in the Middle East and CPS business.

Positive Cash Flow and Debt Reduction

Q2 cash flow supported debt reduction of $74 million and share repurchases of $14 million. The long-term debt position net of cash was approximately $644 million, with a total liquidity position of $530 million. Net debt to trailing 12-month EBITDA ratio is approximately 1.3x.

Increase in Contracted Rigs and Customer Demand

An increase in contracted rigs in the U.S. and Canada was noted, with significant customer demand for Super Triple rigs in North America. As of July 29, the company had an average of 38 contracts for Q3 and 39 for the full year 2025.

Improved Outlook for 2025

The outlook for the remainder of 2025 has improved with increased activity and customer demand in core geographic areas. This includes plans to activate additional rigs and increased capital spending on rig upgrades.

Precision Drilling (PDS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

PDS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	1.07 / -	1.906	―	―	―
Jul 29, 2025	2025 (Q2)	0.22 / 0.88	1.043	-15.97% (-0.17)
Apr 23, 2025	2025 (Q1)	1.56 / 1.59	1.833	-13.04% (-0.24)	―
Feb 12, 2025	2024 (Q4)	1.17 / 0.77	7.106	-89.19% (-6.34)	―
Oct 29, 2024	2024 (Q3)	1.66 / 1.91	1.05	81.45% (+0.86)	―
Jul 30, 2024	2024 (Q2)	0.79 / 1.04	1.181	-11.66% (-0.14)
Apr 25, 2024	2024 (Q1)	2.06 / 1.83	4.035	-54.58% (-2.20)
Feb 06, 2024	2023 (Q4)	1.95 / 7.11	0.196	3533.33% (+6.91)	―
Oct 26, 2023	2023 (Q3)	1.70 / 1.05	1.471	-28.57% (-0.42)
Jul 27, 2023	2023 (Q2)	1.02 / 1.18	-1.311	190.06% (+2.49)

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

PDS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 29, 2025	$52.60	$56.02	+6.50%
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%

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.

FAQ

When does Precision Drilling Corp (PDS) report earnings?

Precision Drilling Corp (PDS) is schdueled to report earning on Oct 23, 2025, Before Open (Confirmed).

What is Precision Drilling Corp (PDS) earnings time?

Precision Drilling Corp (PDS) earnings time is at Oct 23, 2025, Before Open (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 (Q3) is 1.07.

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