MarketBeat
30 Jul 2026, 07:05 UTC · 13w ago
Precision Drilling Q2 Earnings Call Highlights
Impact · against what's priced in
Precision Drilling shows strong momentum in Canadian utilization and U.S. pricing power, though immediate profitability is dampened by reactivation costs and international weakness. The record activity levels in Canada and the trajectory toward high-40s U.S. rig counts suggest a recovery in utilization that offsets the current quarterly net loss.
- PDS+0.30
No priced-in read yet
- In context
Record Canadian activity (61 rigs in Q2, targeting low-to-mid-70s in Q3) and U.S. rate increases of up to C$5,000 per day provide strong revenue catalysts, despite a net loss of C$1 million driven by reactivation costs.
Read from the article alone
