PD:CC - Precision Drilling GAAP EPS of C$1.63 revenue of C$426M

July, 27 2023 06:21 AM Precision Drilling Corporation

2023-07-27 06:21:00 ET

Precision Drilling press release ( NYSE: PDS ): Q2 GAAP EPS of C$1.63.
Revenue of C$426M (+30.6% Y/Y).
Revenue was C$426 million compared with C$326 million in the second quarter of 2022 as drilling rigs continued to reprice at higher day rates, increasing 25% in Canada and 39% in the U.S. year over year.
Averaged 42 active rigs in Canada, an increase of 12% over the second quarter of 2022, and 51 rigs in the U.S., representing an 8% decline from the second quarter of 2022.

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Company Name:	Precision Drilling Corporation
Stock Symbol:	PD:CC
Market:	TSXC
Website:	precisiondrilling.com