Precision Drilling (PDS) news

US energy producer Nabep says it received two drilling rigs in Venezuela last week - Release

North American Blue Energy Partners (NABEP), a U.S.-backed energy firm operating in Venezuela, announced last week that it received two additional drilling rigs to support its expansion in the country’s oil sector. This acquisition is part of NABEP’s broader strategy to challenge Chevron’s position…

Precision Drilling Corp - Intends to enter automatic securities purchase plan effective Sept 21, 2026

Precision Drilling announces renewal of normal course issuer bid

Precision Drilling Corporation (TSX: PD; NYSE: PDS) has announced the renewal of its normal course issuer bid (NCIB), which was approved by the Toronto Stock Exchange (TSX) to acquire up to 1,251,850 common shares for cancellation. This represents 10% of the public float as of September 5, 2025.…

Precision Drilling 2Q loss/share C$0.52 vs. EPS C$1.07 Y/Y

Precision Drilling reported a second-quarter loss of C$0.52 per share, compared to earnings of C$1.07 per share in the same period last year[1]. The results reflect a significant decline in profitability, driven by challenging market conditions and operational headwinds. The company’s performance…

Precision Drilling 2Q adj. EBITDA C$97.1M, est. C$96.2M

Precision Drilling Corp. reported second-quarter adjusted EBITDA of C$97.1 million, slightly exceeding the estimated C$96.2 million. The results reflect continued operational efficiency and strong demand in the drilling sector. Fitch Ratings has revised the company’s outlook to positive while…