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    PD — Precision Drilling(Calgary) News Story

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    Brief: Precision Drilling Announces 2023 First Quarter Unaudited Financial Results

    Picture of Precision Drilling(Calgary) logoPrecision Drilling(Calgary)
    26/04/2023 11:17
    April 26 (Reuters) - Precision Drilling Corp  PD.TO :
    * PRECISION DRILLING ANNOUNCES 2023 FIRST QUARTER UNAUDITED
FINANCIAL RESULTS
    * PRECISION DRILLING CORP - QTRLY REVENUE WAS $559 MILLION,
AN
INCREASE OF 59% OVER Q1 OF 2022
    * PRECISION DRILLING CORP - QTRLY EARNINGS PER SHARE $5.57
    * PRECISION DRILLING CORP - REMAINS COMMITTED TO 2023 DEBT
REDUCTION TARGET OF $150 MILLION
    * PRECISION DRILLING CORP - REMAINS COMMITTED TO ITS
LONGER-TERM
TARGETS OF REDUCING DEBT BY $500 MILLION BETWEEN 2022 AND 2025
    * PRECISION DRILLING CORP - DECREASED ITS 2023 CAPITAL
SPENDING
BUDGET TO $195 MILLION VERSUS INITIAL BUDGET OF $235 MILLION

Source text for Eikon:  ID:nGNX7Rxp74 
Further company coverage:  PD.TO

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