Canada's Precision Drilling Q4 revenue misses estimates

Precision Drilling(Calgary)

12/02/2026 24:01

Overview

Canada drilling services firm's Q4 revenue rose yr/yr but missed analyst expectations

Adjusted EBITDA for Q4 increased slightly

Net loss for Q4 due to non-cash charges related to asset decommissioning and drill pipe

Outlook

Precision Drilling expects 2026 capital spending to be C$245 mln

Company plans to reduce debt by C$100 mln in 2026

Precision Drilling to allocate up to 50% of free cash flow to share repurchases

Result Drivers

U.S. DRILLING ACTIVITY - Higher rig activity in the U.S. contributed to increased revenue in Q4

NON-CASH CHARGES - Net loss due to non-cash charges related to decommissioning rigs and drill pipe

DEBT REDUCTION - Achieved annual debt reduction target, reducing debt by C$101 million in 2025

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
C$478.51 mln
C$483.87 mln (7 Analysts)
Q4 Net Income
-C$41.87 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the NOT AVAILABLE peer group is "buy"

Wall Street's median 12-month price target for Precision Drilling Corporation(Calgary) is C$119.50, about 2.5% above its February 11 closing price of C$122.51

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nGNX5P4TxH

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)