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Precision Drilling
(TSX:PD)
Precision Drilling (PD) vs. iShares MSCI Canada ETF (EWC)
Precision Drilling Business Overview & Revenue Model
Precision Drilling Earnings Call Summary
Precision Drilling Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.85B | 1.90B | 1.94B | 1.62B | 986.85M | 935.75M |
| Gross Profit | 1.23B | 1.59B | 733.31M | 213.56M | 6.38M | 36.01M |
| EBITDA | 517.72M | 535.85M | 657.73M | 311.61M | 191.19M | 309.14M |
| Net Income | 104.76M | 111.19M | 289.24M | -34.29M | -177.39M | -120.14M |
Balance Sheet | ||||||
| Total Assets | 2.74B | 2.96B | 3.02B | 2.88B | 2.66B | 2.90B |
| Cash, Cash Equivalents and Short-Term Investments | 46.70M | 73.77M | 54.18M | 21.59M | 40.59M | 108.77M |
| Total Debt | 749.60M | 887.59M | 992.19M | 1.15B | 1.17B | 1.30B |
| Total Liabilities | 1.08B | 1.27B | 1.44B | 1.65B | 1.44B | 1.49B |
| Stockholders Equity | 1.66B | 1.68B | 1.58B | 1.23B | 1.23B | 1.41B |
Cash Flow | ||||||
| Free Cash Flow | 217.89M | 265.38M | 273.82M | 52.85M | 63.28M | 164.53M |
| Operating Cash Flow | 453.38M | 482.08M | 500.57M | 237.10M | 139.22M | 226.12M |
| Investing Cash Flow | -189.66M | -202.99M | -214.78M | -144.41M | -56.61M | -40.52M |
| Financing Cash Flow | -265.54M | -261.38M | -251.97M | -113.17M | -149.91M | -145.62M |
Precision Drilling Technical Analysis
Precision Drilling Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | C$521.72M | 8.11 | 11.66% | 2.79% | 14.74% | 62.76% | |
| ― | C$86.55M | 4.00 | 12.72% | ― | 19.58% | 344.29% | |
| ― | C$337.95M | 6.44 | 23.75% | 10.99% | 6.97% | -36.60% | |
| ― | $1.14B | 19.61 | 3.43% | ― | -5.55% | -74.96% | |
| ― | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
| ― | C$434.09M | 14.37 | -2.86% | ― | -1.65% | -279.49% | |
| ― | C$69.72M | ― | -2.38% | ― | -0.38% | 6.98% |
Precision Drilling Corporate Events
On October 22, 2025, Precision Drilling Corporation announced a change in its auditing firm from KPMG LLP to PricewaterhouseCoopers LLP. The decision, made after a tender process and approved by the Board of Directors, reflects a strategic move to ensure continued compliance and transparency in financial reporting. KPMG will complete its duties following the audit of the company’s 2025 financial statements, with no disagreements or issues reported during their tenure.
The most recent analyst rating on (TSE:PD) stock is a Buy with a C$74.00 price target. To see the full list of analyst forecasts on Precision Drilling stock, see the TSE:PD Stock Forecast page.
Precision Drilling Corp, a leading provider of land drilling services, has released its third-quarter financial results for 2025, showcasing its resilience in a challenging market environment. The company operates primarily in the oil and gas sector, focusing on high-performance drilling services across North America and internationally.
Precision Drilling reported its 2025 third-quarter financial results, highlighting a revenue of $462 million, which, despite being a 3% decrease from the previous year, outperformed the industry average declines. The company achieved a cash flow that allowed for debt repayment and share repurchases, and it revised its capital budget upwards to $260 million. Operationally, Precision saw a decrease in Canadian rig utilization but an increase in U.S. rig activity, demonstrating resilience in a declining market. The company continues to invest in its fleet, securing customer-funded upgrades, and maintaining a strong position in key markets.
The most recent analyst rating on (TSE:PD) stock is a Buy with a C$74.00 price target. To see the full list of analyst forecasts on Precision Drilling stock, see the TSE:PD Stock Forecast page.
On October 6, 2025, Precision Drilling Corporation announced a major leadership change as part of its succession plan. Carey Ford has been appointed as the new President and CEO, succeeding Kevin Neveu, who retired after serving since 2007. The company also appointed Gene Stahl as Chief Operating Officer and Dustin Honing as Chief Financial Officer, signaling a strategic shift in its executive team.
The most recent analyst rating on (TSE:PD) stock is a Buy with a C$74.00 price target. To see the full list of analyst forecasts on Precision Drilling stock, see the TSE:PD Stock Forecast page.
On October 6, 2025, Precision Drilling Corporation announced the appointment of Carey Ford as President and CEO, succeeding Kevin Neveu, who retired after 18 years with the company. Ford, who has been with Precision since 2011 and served as CFO since 2016, is expected to lead the company into its next growth phase. The Board also appointed Gene Stahl as COO and Dustin Honing as CFO, reinforcing a strong leadership team to continue advancing Precision’s technology-driven strategy and sustainable value delivery.
The most recent analyst rating on (TSE:PD) stock is a Buy with a C$74.00 price target. To see the full list of analyst forecasts on Precision Drilling stock, see the TSE:PD Stock Forecast page.
On September 24, 2025, Precision Drilling Corporation announced it will release its third-quarter results for 2025 after the market closes on October 22, 2025. A conference call is scheduled for October 23, 2025, to discuss these results. This announcement highlights Precision’s commitment to transparency and engagement with stakeholders, potentially impacting investor relations and market perception.
The most recent analyst rating on (TSE:PD) stock is a Buy with a C$74.00 price target. To see the full list of analyst forecasts on Precision Drilling stock, see the TSE:PD Stock Forecast page.
On August 7, 2025, Precision Drilling Corporation entered into a First Amending Agreement to modify its Second Amended and Restated Credit Agreement. The amendments include extending the maturity dates for its operating and syndicated facilities to October 31, 2028, for most lenders, except for the Business Development Bank of Canada and Zions Bancorporation N.A. dba Amegy Bank, which remain unchanged. These changes are expected to enhance the company’s financial flexibility and stability, potentially impacting its stakeholders positively by ensuring continued access to credit.
The most recent analyst rating on (TSE:PD) stock is a Buy with a C$74.00 price target. To see the full list of analyst forecasts on Precision Drilling stock, see the TSE:PD Stock Forecast page.
On September 11, 2025, Precision Drilling Corporation announced that the Toronto Stock Exchange approved the renewal of its normal course issuer bid (NCIB), allowing the company to repurchase up to 1,251,850 common shares, approximately 10% of its public float, for cancellation. This move is intended to enhance the value of its shares and will be funded from available resources. The NCIB will commence on September 19, 2025, and may continue until September 18, 2026. The company has also planned to implement an automatic securities purchase plan to facilitate share purchases during blackout periods. This strategic decision is expected to positively impact Precision’s market positioning and shareholder value.
The most recent analyst rating on (TSE:PD) stock is a Buy with a C$74.00 price target. To see the full list of analyst forecasts on Precision Drilling stock, see the TSE:PD Stock Forecast page.
Precision Drilling Corp’s recent earnings call reflected a generally positive sentiment, highlighting strong financial performance and strategic initiatives. Despite some challenges, such as a decline in revenue and well service hours, the company showcased increased drilling activity and a focus on debt reduction, painting an optimistic picture for the future.
Precision Drilling Corporation, a leading provider of high-performance drilling services in the energy sector, has released its second-quarter earnings report for 2025, highlighting its strategic focus on enhancing its Super Series rig fleet to meet growing customer demand. The company, headquartered in Calgary, Alberta, operates in the oil and gas industry and is known for its advanced digital technology and environmental solutions.
Precision Drilling announced its second quarter financial results for 2025, reporting a revenue of $407 million, a slight decrease from the previous year due to lower activity in the U.S. and international markets. Despite the decline, the company maintained its 12th consecutive quarter of positive earnings and increased its capital budget to $240 million to upgrade its Super Series rigs, aiming to secure additional customer commitments and enhance revenue growth. The company also highlighted strong operational performance in Canada, with increased revenue per utilization day and new contracts, while winding down its U.S. well servicing operations.
The most recent analyst rating on (TSE:PD) stock is a Buy with a C$125.00 price target. To see the full list of analyst forecasts on Precision Drilling stock, see the TSE:PD Stock Forecast page.