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Precision Drilling Corporation (T:PD)

Business Focus: Oil & Gas Drilling

This company is also listed in the United States as PDS on the NYSE. Click here to get the live US quote and see if there are any SEC insider filings..
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Sector:  Energy Industry:  Oil & Gas Drilling
See Regulatory Filings on SEDAR
Company Contact
Address: 150 6 Ave SW Suite 4200
Tel: N/A
IR: See website
Key People
Steven Wayne Krablin
Independent Chairman of the Board
Kevin A. Neveu
President, Chief Executive Officer, Non-Independent Director
Carey T. Ford
Chief Financial Officer, Senior Vice President
Veronica H. Foley
Senior Vice President, General Counsel, Corporate Secretary
Grant Macleod Hunter
Senior Vice President, North American Drilling Operations
Ross Pickering
Senior Vice President, Global Operations Excellence
Shuja Goraya
Chief Technology Officer
Darren J. Ruhr
Chief Administrative Officer
Gene C. Stahl
Chief Marketing Officer
Business Overview
Precision Drilling Corporation (Precision) is an oilfield services company. The Company provides onshore drilling and completion and production services to exploration and production companies in the oil and natural gas industry. The Company operates through two segments: Contract Drilling Services, and Completion and Production Services. The Contract Drilling Services segment operates its rigs in Canada, the United States and internationally. The Completion and Production Services segment provides completion and workover services and ancillary services to oil and natural gas exploration and production companies in Canada and the United States. As of December 31, 2016, the Contract Drilling Services segment consisted of 255 land drilling rigs, including 135 in Canada, 103 in the United States, five in Mexico, four in Saudi Arabia, five in Kuwait, two in the Kurdistan region of Iraq and one in the country of Georgia.
Financial Overview
For the three months ended 31 March 2019, Precision Drilling Corporation revenues increased 8% to C$434M. Net income totaled C$25M vs. loss of C$18.1M. Revenues reflect Contract Drilling Group segment increase of 8% to C$379.3M, Completion & Production segment increase of 12% to C$55.8M. Net Income reflects Contract Drilling Group segment income increase from C$33.3M to C$81.3M, Completion & Production segment income totaling C$5.6M vs. loss of C$2.2M.
Employees: 5,471 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $2,309M as of Mar 31, 2019
Annual revenue (TTM): $1,574M as of Mar 31, 2019
EBITDA (TTM): $392.07M as of Mar 31, 2019
Net annual income (TTM): -$251.18M as of Mar 31, 2019
Free cash flow (TTM): $128.27M as of Mar 31, 2019
Net Debt Last Fiscal Year: $1,621M as of Mar 31, 2019
Shares outstanding: 293,781,836 as of Mar 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization