Precision Drilling
Highly Engaged Employees
Highly Engaged EmployeesEnergy, Utilities & Waste · Canada · 1K - 5K Employees
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Overview
Headquarters
525 8 Ave SW Suite 800, Calgary, Alberta...Phone Number
(650) 980-9190Website
www.precisiondrilling.comRevenue
$1.4 BillionStock Symbol
PDSIndustry
ZI Rank: 26
Signal Type
Mar
Apr
May
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Aug
ZI Rank
19
14
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26
About Precision Drilling
Established in 1951, Precision Drilling is a provider of services to the oil and gas industry, providing customers with access to a fleet of contract drilling rigs, directional drilling services, well service, camps, rental equipment, and water treatment units, as well as technical support services. Precision Drilling is headquartered in Calgary, Alberta.Explore more
Precision Drilling Org Chart
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Company Profile Activity
Activity Insights
Precision Drilling is experiencing low activity levels compared to other companies in the Energy, Utilities & Waste sector.
What does this means?
Precision Drilling is drawing exceptional interest within the Energy, Utilities & Waste industry, suggesting notable developments or strong market momentum, learn more about Precision Drilling.
Precision Drilling Tech Stack
A closer look at the technologies used by Precision Drilling
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Most Recent Scoops
Facilities Relocation / Expansion
Precision Drilling is opening its Canadian Alpha Remote Operations Center (AlphaROC) on the seventh floor of its Calgary headquarters next month, complementing its existing Houston AlphaROC by bringing real-time collaboration and local drilling engineering expertise closer to Canadian customers, with the two centers expected to operate as a single network as the scope of remote support expands.
Pain Point
Precision Drilling is contesting a 2018 Notice of Reassessment from the Canada Revenue Agency, with a maximum potential liability of CAD 155 million plus interest, requiring an estimated upfront payment of approximately CAD 80 million (paid over two years, with approximately CAD 40 million due in late 2026 or early 2027) to defend its position, though the company and its tax advisors believe its tax filing position is appropriate and intend to vigorously contest the reassessment.
Lawsuits, Legal Affairs, Finance, Tax
Earnings
Precision Drilling has reported Q2 2026 revenue growth of 11% year over year, driven by a 14% increase in North American operations offset by an 11% decrease internationally, with Q4 contracted rigs increasing by 12 rigs in Canada and 9 rigs in the US compared to Q1 2026 disclosure.
Earnings, Finance, Oil & Gas
Earnings
Precision Drilling has provided Q3 2026 US guidance, expecting an average rig count in the low 40s its highest level since 2023 with daily operating margins expected to range between US$7,000 and US$8,000 due to continued rig reactivation impacts, and daily operating margins expected to approach US$10,000 in Q4 2026.
Earnings, Finance, Oil & Gas
Earnings
Spending/Investment, Finance, Financing & Debt
Precision Drilling News & Media
Precision Drilling Announces 2026 Second Quarter Unaudited Financial Statements
CALGARY, Alberta, July 28, 2026 (GLOBE NEWSWIRE) -- This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. This news release contains references to certain Financial Measures and Ratios, including Adjusted EBPrecision Drilling Corporation Announces Change to Board
CALGARY, Alberta, July 13, 2026 (GLOBE NEWSWIRE) -- Precision Drilling Corporation announced today that Alice Wong has advised the Company that she will step down from the Board of Directors, effective immediately.Precision Drilling Corporation 2026 Second Quarter Results Conference Call and Webcast
CALGARY, Alberta, June 29, 2026 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (Precision) intends to release its 2026 second quarter results after the market closes on Tuesday, July 28, 2026, and has scheduled a conference call to begin at 11:00 a.m. MT (1:00 p.m. ET) on the next day, Wednesday, July 29, 2026.Precision Drilling Corporation Announces Voting Results from the 2026 Annual Meeting of Shareholders
CALGARY, Alberta, May 14, 2026 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (Precision or the Company) is pleased to announce the results of the election of board members at its 2026 Annual Meeting of Shareholders held on May 14, 2026 (the Annual Meeting). Shareholders approved the election of all eight (seven of whom are independent) of the nominee directors presented in the Company’s Management Information Circular (the Circular), dated April 1, 2026.
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Established in 1951, Precision Drilling is a provider of services to the oil and gas industry, providing customers with access to a fleet of contract drilling rigs, directional drilling services, well service, camps, rental equipment, and water treatment units, as well as technical support services. Precision Drilling is headquartered in Calgary, A... Read More
