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Precision Drilling Corporation

Energy CA PD

96.83CAD
0.09(0.09%)

Last update at 2024-05-16T19:24:00Z

Day Range

96.1298.00
LowHigh

52 Week Range

56.42114.83
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

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
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 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
Total assets 2876.12M 2661.75M 2898.88M 3269.84M 3636.04M
Intangible assets 19.57M 23.91M 27.67M 31.75M 35.40M
Earning assets - - - - -
Other current assets - 76.11M - 0.00000M 79.98M
Total liab 1645.59M 1436.20M 1492.24M 1742.41M 2078.29M
Total stockholder equity 1230.53M 1225.56M 1406.64M 1527.43M 1557.75M
Deferred long term liab 1.41M 2.07M 2.11M 2.27M 2.31M
Other current liab 2.99M 0.84M 3.70M 4.14M 152.67M
Common stock 2299.53M 2281.44M 2285.74M 2296.38M 2322.28M
Capital stock 2299.53M 2281.44M 2285.74M 2296.38M 2322.28M
Retained earnings -1301.27300M -1266.98000M -1089.59400M -969.45600M -978.87400M
Other liab 96.62M 45.46M 40.31M 44.18M 89.88M
Good will - - - 0.00000M 0.00000M
Other assets 0.46M 2.93M 3.21M 7.00M 41.64M
Cash 21.59M 40.59M 108.77M 74.70M 96.63M
Cash and equivalents - - - - -
Total current liabilities 410.03M 238.12M 166.84M 216.07M 282.16M
Current deferred revenue - - - - -
Net debt 1132.35M 1125.19M 1188.50M 1419.91M 1609.63M
Short term debt 14.98M 13.16M 12.18M 12.45M 0.00000M
Short long term debt 2.29M 2.22M 0.90M - -
Short long term debt total 1153.93M 1165.78M 1297.27M 1494.61M 1706.25M
Other stockholder equity 72.56M 76.31M 72.92M 66.25M 52.33M
Property plant equipment 2363.37M 2309.83M 2527.85M 2815.61M 3038.61M
Total current assets 470.67M 319.76M 342.26M 417.76M 522.70M
Long term investments 20.45M 7.38M - - -
Net tangible assets 1212.36M 1203.71M 1381.08M 1497.96M 1524.66M
Short term investments - - - - -
Net receivables 413.93M 255.74M 207.21M 311.35M 312.01M
Long term debt 1085.97M 1106.79M 1236.21M 1427.18M 1706.25M
Inventory 35.16M 23.43M 26.28M 31.72M 34.08M
Accounts payable 392.05M 224.12M 150.96M 199.48M 129.49M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 159.71M 134.78M 137.58M 134.25M 162.01M
Additional paid in capital - - - - -
Common stock total equity - - 2285.74M 2296.38M 2322.28M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 1.60M 7.38M - 2852.07M 2.45M
Deferred long term asset charges - - - - -
Non current assets total 2405.45M 2341.99M 2556.61M 2852.07M 3113.34M
Capital lease obligations 65.68M 56.76M 60.17M 67.43M -
Long term debt total 1138.95M 1152.62M 1285.09M 1482.16M 1706.25M
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

Fundamentals

  • Previous Close 96.74
  • Market Cap1072.08M
  • Volume39144
  • P/E Ratio7.40
  • Dividend Yield-%
  • EBITDA540.04M
  • Revenue TTM1941.49M
  • Revenue Per Share TTM142.58
  • Gross Profit TTM 492.59M
  • Diluted EPS TTM10.10

Peer Comparison

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
0.09 0.09% 96.83 7.40 6.00 0.55 0.78 1.06 7.22
PHX
PHX Energy Services Corporation
0.04 0.45% 8.98 5.51 5.80 0.69 2.22 0.75 3.29
ESI
Ensign Energy Services Inc
- -% 2.34 17.50 7.00 0.21 0.30 0.90 3.54
CET
Cathedral Energy Services Ltd
0.01 1.10% 0.92 8.44 3.62 0.35 1.01 0.57 3.56
WRG
Western Energy Services Corp.
-0.03 1.09% 2.72 - 10.81 0.38 0.30 0.83 4.48

Reports Covered

Stock Research & News

Profile

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 in two segments, Contract Drilling Services and Completion and Production Services. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry. This segment also offers services include land and turnkey drilling; and procurement and distribution of oilfield supplies, as well as manufacture and refurbishment of drilling and service rig equipment. As of December 31, 2022, it operated 225 land drilling rigs, including 111 in Canada; 101 in the United States; 6 in Kuwait; 4 in Saudi Arabia; 2 in the Kurdistan region of Iraq; and 1 in the country of Georgia. As of December 31, 2022, this segment also operated 70 Alpha rigs with commercial AlphaAutomation; and 21 AlphaApps, as well as offers AlphaAnalytics data services and 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; wellsite accommodations; oilfield surface equipment rentals; and camp and catering services to oil and natural gas exploration and production companies. As of December 31, 2022, it operated 135 well completion and workover service rigs, including 125 in Canada and 10 in the United States; 1,900 oilfield rental items, including surface storage, small-flow wastewater treatment, power generation, and solids control equipment; 103 wellsite accommodation units; 782 drill camp beds; 654 base camp beds; and three kitchen diners in Canada. Precision Drilling Corporation was founded in 1951 and is headquartered in Calgary, Canada.

Precision Drilling Corporation

525?8th Avenue SW, Calgary, AB, Canada, T2P 1G1

Key Executives

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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