Overview
Precision Drilling, Div of
Precision Drilling Corporation (formerly Precision Drilling Trust) takes precise aim at the oil and gas fields of North America. It is Canada's largest drilling contractor with a fleet of more than 310 drilling rigs, more than 150 service rigs, 20 snubbing units, and 11,300 pieces of rental equipment. Its contract drilling and completions and production units provide drilling services, equipment supply and repair, wastewater treatment (about 80
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Read More units), and on-site catering and management. Precision Drilling's LRG Catering subsidiary manages more than 85 camp facilities catering to oil and gas crews in remote drilling locations.
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Read More units), and on-site catering and management. Precision Drilling's LRG Catering subsidiary manages more than 85 camp facilities catering to oil and gas crews in remote drilling locations.
Read Less
Kevin A. Neveu
See more contacts
Support Activities for Mining
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Mining, Quarrying, and Oil and Gas Extraction
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Drilling oil and gas wells
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Actual
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Actual
$1.36 billion
Actual
-1.83%
-61.56%
$2,956
DEC
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Toronto:PD
Contacts
Get in Touch with 15 Principals* and 37 Contacts
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Kevin A. NeveuPresident and Member of the Board of Directors
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$1.36 billion
USD
Actual
1 USD = 1.4029 CAD
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $344 | $357 | $169 |
| Net Investing Cash | -$145 | -$153 | -$103 |
| Net Financing Cash | -$186 | -$180 | -$81 |
| Net Change in Cash | $13 | $24 | -$15 |
| Cash at Beginning of Period | $39 | $15 | $29 |
| Cash at End of Period | $53 | $39 | $15 |
| Capital Expenditure | -$154 | -$162 | -$131 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $53 | $39 | $15 |
| Accounts Receivable | $211 | $238 | $295 |
| Inventories | $31 | $25 | $25 |
| Other Current Assets | $62 | $62 | $0 |
| Asset Summary | |||
| Total Current Assets | $357 | $364 | $336 |
| Tangible Fixed Assets | $1,727 | $1,712 | $1,685 |
| Intangible Assets | $9 | $12 | $14 |
| Total Assets | $2,956 | $3,019 | $2,876 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $81 | $108 | $288 |
| Short-Term Debt | $ | $2 | $2 |
| Other Current Liabilities | $161 | $157 | $11 |
| Liability Summary | |||
| Total Current Liabilities | $241 | $267 | $301 |
| Long-Term Debt | $579 | $652 | $774 |
| Other Long-Term Liabilities | $5 | $5 | $5 |
| Total Liabilities | $908 | $1,029 | $1,173 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $1,641 | $1,686 | $1,639 |
| Retained Earnings | -$642 | -$721 | -$928 |
| Equity Summary | |||
| Total Equity | $1,196 | $1,123 | $877 |
| Shares Outstanding | 13,779,502 | 14,336,539 | 13,558,525 |