Precision Drilling Q1 2024 Earnings Report

Precision Drilling EPS Results

• Actual EPS: C$2.53
• Consensus EPS: C$2.73
• Beat/Miss: Missed by -C$0.20
• One Year Ago EPS: N/A

Precision Drilling Revenue Results

• Actual Revenue: $527.79 million
• Expected Revenue: $539.50 million
• Beat/Miss: Missed by -$11.71 million
• YoY Revenue Growth: N/A

Precision Drilling Announcement Details

• Quarter: Q1 2024
• Date: 4/25/2024
• Time: N/A

Precision Drilling (TSE:PD), a drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle East. The company operates through Contract Drilling Services and Completion and Production Services segments. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the geothermal, oil and natural gas industry. This segment offers services include land and turnkey drilling; and procurement and distribution of oilfield supplies, as well as manufacture and repair of drilling and service rig equipment. In addition, it operates land drilling rigs in Canada, the United States, and the Middle East, as well as operates AlphaAutomation, AlphaApps, and AlphaAnalytics data services. The company offers EverGreen suite of environmental solutions comprising EverGreenMonitoring, EverGreenEnergy, and EverGreen Fuel Cell. The Completion and Production Services segment provides service rigs for well completion, workover, abandonment, maintenance, and re-entry preparation services; equipment rentals; and camp and catering services to oil and natural gas exploration and production companies. This segment operates well completion and workover service rigs in Canada and the United States. Precision Drilling Corporation was founded in 1951 and is headquartered in Calgary, Canada.