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Precision Drilling Corp (PDS)
:PDS
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.59Last Year’s EPS
1.78Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: -14.46%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed sentiment with strong cash flow, debt reduction, and growth in certain segments offset by challenges in the U.S. market, reduced EBITDA, and margin pressures in Canada.Company Guidance
During the Precision Drilling Corporation's 2024 fourth quarter and year-end conference call, several key metrics and strategic priorities for 2025 were highlighted. The company generated $482 million in cash from operations and achieved debt reduction of $176 million, with $75 million allocated to share repurchases, representing 4% of outstanding shares. Despite a decrease in adjusted EBITDA by 15% to $521 million and funds from operations by 13% to $463 million, Precision maintained robust financial performance with consistent positive earnings per share throughout 2024. The company plans to allocate 25% to 35% of free cash flow for share repurchases and aims for a further debt reduction of at least $100 million in 2025. Additionally, they intend to invest $225 million in capital expenditures, focusing on sustaining and infrastructure, as well as upgrades and expansion. Guidance for 2025 includes a depreciation of $300 million, cash interest expense of $65 million, and an effective tax rate of 25% to 30%. The company also projects steady international drilling activity and anticipates Canadian drilling margins to range from $14,500 to $15,000 per day in Q1 2025.Strong Cash Flow and Profitability
Precision Drilling reported strong cash flow with $482 million generated from operations and positive earnings per share every quarter during 2024 and for the past 10 consecutive quarters.
Debt Reduction and Share Repurchases
The company reduced debt by $176 million and repurchased $75 million in shares, representing 4% of outstanding shares, achieving midpoints in targets.
Growth in Canadian and International Drilling
Year-over-year activity increased by 37% in international drilling, 12% in Canada drilling, and 26% in well servicing. Market share growth was achieved in Canada.
Expansion of EverGreen and Alpha Products
EverGreen revenue nearly doubled year-over-year, and two new product offerings were added, enhancing the market penetration of Alpha and EverGreen products.
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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 |
|---|---|---|---|
| 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% |
| Apr 25, 2024 | $67.87 | $68.78 | +1.34% |
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 Apr 23, 2025, TBA Not Confirmed.
What is Precision Drilling Corp (PDS) earnings time?
Precision Drilling Corp (PDS) earnings time is at Apr 23, 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 (Q1) is 1.59.
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