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Precision Drilling Corporation (T:PD)

Business Focus: Oil & Gas Drilling (NEC)

This company is also listed in the United States as PDS. Click here to get the live US quote and see if there are any SEC insider filings..
Sector:  Energy Industry:  Oil & Gas Drilling
 
See Regulatory Filings on SEDAR
Company Contact
Address: 800, 525 - 8 Avenue SW
CALGARY AB T2P 1G1
Tel: N/A
Website: https://www.precisiondrilling.com
IR: See website
Key People
Kevin A. Neveu
President, Chief Executive Officer, Director
Carey T. Ford
Chief Financial Officer, Senior Vice President
Veronica H. Foley
Senior Vice President, General Counsel, Corporate Secretary
Shuja Goraya
Chief Technology Officer
Darren J. Ruhr
Chief Administrative Officer
Gene C. Stahl
Chief Marketing Officer
Business Overview
Precision Drilling Corporation is a Canada-based company, which is a provider of contract drilling and completion and production services primarily to oil and natural gas exploration and production companies in Canada, the United States and certain international locations. The Company's segments include Contract Drilling Services and Completion and Production Services. The Contract Drilling Services segment includes drilling rigs, procurement and distribution of oilfield supplies, and manufacture, sale and repair of drilling equipment. The Completion and Production Services segment includes service rigs, oilfield equipment rental and camp and catering services. It provides onshore drilling services to exploration and production companies in the oil and natural gas and geothermal industries. It provides well completion, workover, abandonment and re-entry preparation services to oil and natural gas exploration and production companies. It also provides digital technology offerings.
Financial Overview
For the nine months ended 30 September 2021,Precision Drilling Corp revenues decreased 6% to C$691.6M.Net loss increased 82% to C$150.1M. Revenues reflect adecrease in demand for the Company's products and servicesdue to unfavorable market conditions. Higher net lossreflects Corporate and Other segment loss increase fromC$17.8M to C$59.6M, Contract Drilling Services segment losstotaling C$22.6M vs. income of C$3.6M.
Employees: 3,500 as of Dec 31, 2020
Reporting Currency: Canadian Dollars
Enterprise value: $1,866M as of Sep 30, 2021
Annual revenue (TTM): $893.33M as of Sep 30, 2021
EBITDA (TTM): $151.01M as of Sep 30, 2021
Net annual income (TTM): -$187.57M as of Sep 30, 2021
Free cash flow (TTM): $13.15M as of Sep 30, 2021
Net Debt Last Fiscal Year: $1,166M as of Sep 30, 2021
Shares outstanding: 13,304,425 as of Sep 30, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization