Welcome to our dedicated page for Precision Drilng SEC filings (Ticker: PDS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Precision Drilling Corporation filings document a Canadian oilfield services company that reports to U.S. markets through Form 40-F annual reports and Form 6-K current reports. Its annual materials include audited consolidated financial statements, management’s discussion and analysis, business segment disclosure, capital management, liquidity, risk factors, controls and accounting policies.
Precision’s interim 6-K filings include financial statements, MD&A, certifications and operating commentary on drilling and well service activity. Proxy and management information circular filings document shareholder meeting procedures, director elections, auditor matters, advisory compensation votes, governance practices and executive compensation.
PDS submitted a Form 144 notice reporting a proposed sale of 10,000 shares of Common stock. The filing lists Charles Schwab & Co., Inc. as broker and shows a value of $981,300.00 with an associated date of 05/21/2026.
PDS affiliate filed a Form 144 notice of proposed sale of common stock. The filing lists 7,316 shares under "Securities To Be Sold" and reports 5,000 shares sold during the past three months on 05/18/2026. The securities are described as restricted stock vesting under a registered plan, and the filing lists Morgan Stanley Smith Barney LLC as the broker.
Morgan Stanley Smith Barney LLC Executive Financial Services filed a Form 144 notice for the proposed sale of 5,000 shares of common stock on 05/18/2026. The shares consist of 2,261 shares that vested on 11/14/2005 and 2,739 shares that vested on 02/13/2023 under a registered plan.
Precision Drilling Corporation reports strong shareholder support at its 2026 Annual Meeting of Shareholders held on May 14, 2026. All eight director nominees were elected, with individual support ranging from 90.52% to 99.77% of votes cast. Shareholders also approved the appointment of PricewaterhouseCoopers LLP as auditors, with 99.17% of votes in favour, and backed the Company’s non-binding advisory resolution on executive compensation (“Say on Pay”) with 95.33% support.
FIL Limited filed Amendment No. 1 to Schedule 13G/A reporting beneficial ownership of 1,030,815 shares of Precision Drilling Corp common stock, equal to 8.0% of the class. The filing names FIL Limited and related entities (Pandanus Partners, L.P. and Pandanus Associates, Inc.) and references an Exhibit 99 and an incorporated power of attorney.
Precision Drilling Corporation submitted a report noting that its 2026 Annual Meeting of Shareholders will be held as a virtual-only event. The meeting is scheduled for May 14, 2026 at 10:00 a.m. MST and can be accessed online at the specified webcast link.
Registered shareholders and duly appointed proxyholders can listen, ask questions, and vote in real time, while guests may only listen. Shareholders may also vote by proxy in advance. Further details are provided in the Management Information Circular dated April 1, 2026.
Precision Drilling Corporation reported first-quarter 2026 revenue of $526,051 thousand, up 6% from 2025, driven mainly by higher drilling activity in Canada and the U.S. Adjusted EBITDA was $123,947 thousand, down 10%, while net earnings attributable to shareholders fell to $17,376 thousand, roughly half the prior year, as depreciation, share-based compensation and international reactivation costs weighed on margins.
The Contract Drilling Services segment grew revenue 7% to $449,009 thousand, but Adjusted EBITDA margin slipped to 29.6%. Completion and Production Services revenue was stable at $79,931 thousand. Working capital increased to $208,099 thousand, and long-term debt declined to $663,859 thousand as the company repaid borrowings.
Management expects 2026 capital spending of $265 million, including $168 million for maintenance, infrastructure and intangibles and $97 million for expansion and upgrades, and plans to reduce debt by $100 million while allocating up to 50% of free cash flow before debt repayments to share repurchases.
Precision Drilling Corporation reported first quarter 2026 revenue of $526 million, up 6% from 2025, driven by higher drilling activity in Canada and the U.S., partly offset by weaker international results. Adjusted EBITDA was $124 million, down 10% as share-based compensation rose to $19 million with a 39% share price increase.
Net earnings attributable to shareholders fell to $17 million or $1.34 per diluted share from $35 million or $2.20, mainly due to higher share-based compensation and additional depreciation from revised useful life estimates for drill pipe. Cash from operations of $63 million funded $65 million of capital expenditures, $25 million of debt reduction, and $4 million of share repurchases.
Average active rig counts increased to 79 in Canada and 37 in the U.S., while international rigs under contract declined slightly to seven. Operating margins per utilization day in North America were broadly stable, and the company reaffirmed 2026 priorities focused on revenue growth, free cash flow generation, and debt reduction.
Precision Drilling Corporation filed a Form 6-K to notify investors that it has released its 2026 Management Information Circular for its upcoming Annual and Special Meeting of Shareholders. The Circular is available on SEDAR+, EDGAR Next and the company’s website.
The Annual Meeting will be held in a virtual-only format on May 14, 2026 at 10:00 a.m. Mountain Time and can be accessed online at the provided meeting link. Shareholders of record as of the close of business on March 25, 2026 are entitled to participate. Non-registered shareholders must appoint themselves as proxy holders using their voting instruction forms if they wish to vote and participate online.
Precision Drilling Corporation is holding its 2026 annual shareholder meeting in a virtual-only format on May 14, 2026. Shareholders will vote on receiving 2025 financial statements, appointing PricewaterhouseCoopers LLP as new auditor, electing eight directors, and an advisory ‘say on pay’ vote.
The circular highlights 2025 execution: cash from operations of $413 million, debt reduced by $101 million, and $76 million returned to shareholders via buybacks, shrinking the share count by 6%. Precision invested $107 million in rig upgrades, expanded its EverGreen environmental solutions revenue by 22%, and ended 2025 with a Net Debt to Adjusted EBITDA ratio of about 1.2x while reinforcing ESG, governance, and board diversity practices.