Precision Drilling Corporation (PDS) Reports 2025 Fourth Quarter and Year End Unaudited Financial Results

Precision Drilling Corporation (NYSE:PDS) is among the 10 Best Oil & Gas Drilling Stocks to Buy.

On February 11, 2026, Precision Drilling Corporation (NYSE:PDS) announced fourth-quarter 2025 revenue of $479 million, up from $468 million in Q4 2024, with adjusted EBITDA of $126 million. The company reported a net loss of $42 million, which included $67 million in non-cash decommissioning expenditures and $17 million in drill pipe costs. The cash provided by operations was $126 million, covering $81 million in capital expenditures and $22 million in share repurchases while improving the cash balance by $47 million.

The company concluded 2025 with a net debt to adjusted EBITDA ratio of 1.2 times and $445 million in liquidity. Canada averaged 66 active rigs, the United States 37 rigs, and international operations 7 rigs. Revenue per utilization day remained consistent across regions. Precision Drilling Corporation (NYSE:PDS) updated 27 rigs in 2025. In 2026, the company expects to invest $245 million in its fleet, reduce debt by $100 million, and repurchase up to 50% of its free cash flow.

Precision Drilling Corporation (NYSE:PDS) provides onshore drilling, completion, and production services to the oil and gas industry. It operates in two business segments: contract drilling services and completion and production services.

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