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Last update at 2024-11-20T19:40:00Z
Precision Drilling Completes Acquisition of CWC Energy Services Corp.
Wed 08 Nov 23, 09:00 PMPrecision Drilling Announces 2023 Third Quarter Unaudited Financial Results
Thu 26 Oct 23, 10:00 AMPrecision Announces Renewal of Normal Course Issuer Bid
Thu 14 Sep 23, 09:03 PMPrecision Drilling Announces Acquisition of CWC Energy Services
Thu 07 Sep 23, 10:00 AMPrecision Drilling (PDS) Q2 Earnings and Revenues Top Estimates
Thu 27 Jul 23, 11:25 AMPrecision Drilling Announces 2023 Second Quarter Unaudited Financial Results
Thu 27 Jul 23, 10:00 AMBreakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
Income before tax | -14.14300M | -182.78200M | -109.18400M | -8.33900M | -323.59600M |
Minority interest | - | - | - | - | - |
Net income | -34.29300M | -177.38600M | -120.13800M | 6.62M | -294.27000M |
Selling general administrative | 180.99M | 95.93M | 70.87M | 104.01M | 112.39M |
Selling and marketing expenses | - | - | - | - | - |
Gross profit | 213.56M | 6.38M | 36.01M | 168.74M | 107.66M |
Reconciled depreciation | 279.04M | 282.33M | 316.32M | 333.62M | 365.66M |
Ebit | 32.57M | -89.55400M | -34.85800M | 44.46M | 4.48M |
Ebitda | 311.61M | 192.77M | 281.46M | 378.08M | 370.14M |
Depreciation and amortization | 279.04M | 282.33M | 316.32M | 333.62M | 365.66M |
Non operating income net other | - | - | - | - | - |
Operating income | 32.57M | -89.55400M | -34.85800M | 44.46M | 4.48M |
Other operating expenses | 1584.62M | 1076.40M | 970.61M | 1496.86M | 1531.72M |
Interest expense | 87.81M | 91.43M | 107.47M | 118.45M | 122.19M |
Tax provision | 20.15M | -5.39600M | 10.95M | -14.95700M | -29.32600M |
Interest income | 75.67M | 92.22M | 112.01M | 109.71M | 130.82M |
Net interest income | -87.81300M | -91.43100M | -107.46800M | -118.45300M | -127.17800M |
Extraordinary items | - | - | - | - | - |
Non recurring | - | - | - | - | - |
Other items | - | - | - | - | - |
Income tax expense | 20.15M | -5.39600M | 10.95M | -14.95700M | -29.32600M |
Total revenue | 1617.19M | 986.85M | 935.75M | 1541.32M | 1541.19M |
Total operating expenses | 180.99M | 95.93M | 70.87M | 124.27M | 98.19M |
Cost of revenue | 1403.64M | 980.47M | 899.74M | 1372.58M | 1433.53M |
Total other income expense net | -46.71300M | -93.22800M | -74.32600M | -52.80300M | -328.07700M |
Discontinued operations | - | - | - | - | - |
Net income from continuing ops | -34.29300M | -177.38600M | -120.13800M | 6.62M | -294.27000M |
Net income applicable to common shares | -34.29300M | -177.38600M | -120.13800M | 6.62M | -294.27000M |
Preferred stock and other adjustments | - | - | - | - | - |
Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
Total assets | 3311.36M | 2876.12M | 2661.75M | 2898.88M | 3269.84M |
Intangible assets | 17.31M | 19.57M | 23.91M | 27.67M | 31.75M |
Earning assets | - | - | - | - | - |
Other current assets | 86.92M | - | 76.11M | - | 0.00000M |
Total liab | 1735.70M | 1645.59M | 1436.20M | 1492.24M | 1742.41M |
Total stockholder equity | 1575.66M | 1230.53M | 1225.56M | 1406.64M | 1527.43M |
Deferred long term liab | - | 1.41M | 2.07M | 2.11M | 2.27M |
Other current liab | 191.03M | 2.99M | 0.84M | 3.70M | 4.14M |
Common stock | 2365.13M | 2299.53M | 2281.44M | 2285.74M | 2296.38M |
Capital stock | 2365.13M | 2299.53M | 2281.44M | 2285.74M | 2296.38M |
Retained earnings | -1012.02900M | -1301.27300M | -1266.98000M | -1089.59400M | -969.45600M |
Other liab | - | 96.62M | 45.46M | 40.31M | 44.18M |
Good will | - | - | - | - | 0.00000M |
Other assets | - | 0.46M | 2.93M | 3.21M | 7.00M |
Cash | 54.18M | 21.59M | 40.59M | 108.77M | 74.70M |
Cash and equivalents | - | - | - | - | - |
Total current liabilities | 365.64M | 410.03M | 238.12M | 166.84M | 216.07M |
Current deferred revenue | 3.03M | - | - | - | - |
Net debt | 938.01M | 1132.35M | 1125.19M | 1188.50M | 1419.91M |
Short term debt | 20.23M | 14.98M | 13.16M | 12.18M | 12.45M |
Short long term debt | 2.85M | 2.29M | 2.22M | 0.90M | - |
Short long term debt total | 992.19M | 1153.93M | 1165.78M | 1297.27M | 1494.61M |
Other stockholder equity | 75.09M | 72.56M | 76.31M | 72.92M | 66.25M |
Property plant equipment | - | 2363.37M | 2309.83M | 2527.85M | 2815.61M |
Total current assets | 510.88M | 470.67M | 319.76M | 342.26M | 417.76M |
Long term investments | 9.97M | 20.45M | 7.38M | - | - |
Net tangible assets | - | 1212.36M | 1203.71M | 1381.08M | 1497.96M |
Short term investments | - | - | - | - | - |
Net receivables | 421.43M | 413.93M | 255.74M | 207.21M | 311.35M |
Long term debt | 914.83M | 1085.97M | 1106.79M | 1236.21M | 1427.18M |
Inventory | 35.27M | 35.16M | 23.43M | 26.28M | 31.72M |
Accounts payable | 151.35M | 392.05M | 224.12M | 150.96M | 199.48M |
Total permanent equity | - | - | - | - | - |
Noncontrolling interest in consolidated entity | - | - | - | - | - |
Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
Accumulated other comprehensive income | 147.48M | 159.71M | 134.78M | 137.58M | 134.25M |
Additional paid in capital | - | - | - | - | - |
Common stock total equity | - | - | - | 2285.74M | 2296.38M |
Preferred stock total equity | - | - | - | - | - |
Retained earnings total equity | - | - | - | - | - |
Treasury stock | - | - | - | - | - |
Accumulated amortization | - | - | - | - | - |
Non currrent assets other | 10.65M | 1.60M | 7.38M | - | 2852.07M |
Deferred long term asset charges | - | - | - | - | - |
Non current assets total | 2800.48M | 2405.45M | 2341.99M | 2556.61M | 2852.07M |
Capital lease obligations | 74.51M | 65.68M | 56.76M | 60.17M | 67.43M |
Long term debt total | - | 1138.95M | 1152.62M | 1285.09M | 1482.16M |
Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
Investments | -144.41500M | -3.50000M | -40.51700M | -74.50000M | -100.79400M |
Change to liabilities | 0.00000M | 0.00000M | 0.00000M | 0.00000M | 0.00000M |
Total cashflows from investing activities | -144.41500M | -56.61300M | -40.51700M | -74.50000M | -100.79400M |
Net borrowings | -112.99400M | -135.25600M | -133.26300M | -205.21000M | -168.72200M |
Total cash from financing activities | -113.17100M | -149.91300M | -145.62400M | -231.81400M | -169.08500M |
Change to operating activities | -45.89000M | -13.01800M | 55.39M | -4.49300M | -17.88000M |
Net income | -34.29300M | -177.38600M | -120.13800M | 6.62M | -294.27000M |
Change in cash | -19.00100M | -68.18400M | 34.07M | -21.92500M | 31.55M |
Begin period cash flow | 40.59M | 108.77M | 74.70M | 96.63M | 65.08M |
End period cash flow | 21.59M | 40.59M | 108.77M | 74.70M | 96.63M |
Total cash from operating activities | 237.10M | 139.22M | 226.12M | 288.16M | 293.33M |
Issuance of capital stock | - | - | - | - | - |
Depreciation | 279.04M | 282.33M | 316.32M | 333.62M | 365.66M |
Other cashflows from investing activities | 39.84M | 9.74M | -0.01900M | -4.57400M | 0.89M |
Dividends paid | - | - | - | - | - |
Change to inventory | - | - | - | - | - |
Change to account receivables | - | - | - | - | - |
Sale purchase of stock | -10.01000M | -4.29400M | -11.31700M | -25.90200M | 0.28M |
Other cashflows from financing activities | 154.72M | 685.98M | 150.02M | -0.70200M | -0.36300M |
Change to netincome | 35.08M | 37.43M | -31.66000M | -53.47100M | 222.01M |
Capital expenditures | 184.25M | 75.94M | 61.59M | 160.69M | 126.14M |
Change receivables | - | - | - | - | - |
Cash flows other operating | - | - | - | - | - |
Exchange rate changes | - | - | - | - | - |
Cash and cash equivalents changes | - | - | - | - | - |
Change in working capital | -45.89000M | -13.01800M | 55.39M | -4.49300M | -17.88000M |
Stock based compensation | 60.09M | 31.95M | 17.77M | 19.46M | 17.40M |
Other non cash items | -41.99200M | 20.75M | -54.18000M | -52.08200M | 251.75M |
Free cash flow | 52.85M | 63.28M | 164.53M | 127.47M | 167.19M |
Sector: Energy Industry: Oil & Gas Drilling
Company | Change (CAD) | Price (CAD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
---|---|---|---|---|---|---|---|---|
PD Precision Drilling Corporation |
2.45 2.80% | 90.09 | 5.42 | 9.78 | 0.65 | 0.76 | 1.08 | 3.55 |
ESI Ensign Energy Services Inc |
0.06 1.84% | 3.04 | 17.76 | 17.27 | 0.33 | 0.42 | 0.97 | 3.46 |
PHX PHX Energy Services Corporation |
-0.15 1.57% | 9.41 | 6.32 | 7.91 | 0.69 | 2.11 | 0.75 | 3.81 |
WRG Western Energy Services Corp. |
- -% | 2.58 | - | 10.81 | 0.41 | 0.31 | 0.87 | 4.43 |
ACX ACT Energy Technologies Ltd. |
0.02 0.33% | 6.10 | - | 5.90 | 0.37 | 1.09 | 0.53 | 3.36 |
Precision Drilling Corporation, a drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle East. The company operates through Contract Drilling Services and Completion and Production Services segments. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the geothermal, oil and natural gas industry. This segment offers services include land and turnkey drilling; and procurement and distribution of oilfield supplies, as well as manufacture and repair of drilling and service rig equipment. In addition, it operates land drilling rigs in Canada, the United States, and the Middle East, as well as operates AlphaAutomation, AlphaApps, and AlphaAnalytics data services. The company offers EverGreen suite of environmental solutions comprising EverGreenMonitoring, EverGreenEnergy, and EverGreen Fuel Cell. The Completion and Production Services segment provides service rigs for well completion, workover, abandonment, maintenance, and re-entry preparation services; equipment rentals; and camp and catering services to oil and natural gas exploration and production companies. This segment operates well completion and workover service rigs in Canada and the United States. Precision Drilling Corporation was founded in 1951 and is headquartered in Calgary, Canada.
525?8th Avenue SW, Calgary, AB, Canada, T2P 1G1
Name | Title | Year Born |
---|---|---|
Mr. Kevin A. Neveu B.Sc, B.Sc., P.Eng | Pres, CEO & Director | 1961 |
Mr. Carey Thomas Ford C.F.A. | Sr. VP & CFO | NA |
Mr. Darren J. Ruhr | Chief Admin. Officer | NA |
Ms. Veronica H. Foley | Chief Legal and Compliance Officer | NA |
Mr. Gene C. Stahl | Chief Marketing Officer | 1974 |
Mr. John Blair Goertzen | Exec. Vice-Pres and Chief Operating Officer | 1959 |
Mr. Shuja U. Goraya | Chief Technology Officer | NA |
Dustin Honing | Mang. of Investor Relations & Corp. Devel. | NA |
Mr. Roland H. Marks | Sr. VP of International Drilling Operations | NA |
Mr. Grant Hunter | Sr. VP of North American Drilling Operation | NA |
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