Sector: Energy | Industry: Oil & Gas Drilling |
Company Contact | |
Address: | 150 - 6Th Avenue S.W., Suite 4200 CALGARY AB T2P 3Y7 |
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 | Gene C. Stahl President, North American Drilling |
Shuja Goraya Chief Technology Officer | Darren J. Ruhr Chief Administrative Officer | Veronica H. Foley Chief Legal and Compliance Officer |
Business Overview |
Precision Drilling Inc is a Canada-based drilling company. The Company is engaged in the exploration and production of oil and natural gas. Its services include North American drilling, international drilling, oilfield equipment rentals, camp & catering services. The Company technology includes AlphaAutomation, AlphaApps, AlphaAnalytics and EverGreen. |
Financial Overview |
For the three months ended 31 March 2024, Precision Drilling Corp (USA) revenues decreased 6% to C$527.8M. Net income decreased 62% to C$36.5M. Revenues reflect Contract Drilling Services segment decrease of 9% to C$443.4M. Net income also reflects General and administrative increase from C$15.5M to C$45.1M (expense), Depreciation and amortization increase of 9% to C$78.2M (expense). |
Employees: | 5,560 as of Dec 31, 2023 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $1,738M as of Mar 31, 2024 |
Annual revenue (TTM): | $1,394M as of Mar 31, 2024 |
EBITDA (TTM): | $402.70M as of Mar 31, 2024 |
Net annual income (TTM): | $168.03M as of Mar 31, 2024 |
Free cash flow (TTM): | $223.82M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | $718.64M as of Mar 31, 2024 |
Shares outstanding: | 14,478,582 as of Mar 31, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |