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Precision Drilling Corp (PDS) Q4 2024 Earnings Call Highlights: Navigating Challenges with ... [Yahoo! Finance]

Precision Drilling Corporation (PDS) 
Last precision drilling corporation earnings: 4/30 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
4 min read In This Article PDS Revenue: $1.9 billion, flat year-over-year. Adjusted EBITDA: $521 million, a 15% decrease year-over-year. Cash from Operations: $482 million, similar to the prior year. Debt Reduction: $176 million achieved in 2024. Share Repurchases: $75 million, representing 4% of outstanding shares. Net Debt-to-EBITDA Ratio: Approximately 1.4x. Capital Expenditures: $217 million for the year, slightly above guidance. Canadian Drilling Activity: Averaged 55 rigs in Q4, with daily operating margins of $14,559. US Drilling Activity: Averaged 34 rigs in Q4, with daily operating margins of USD9,165. International Drilling Activity: Averaged 8 rigs in Q4, with average day rates of USD49,636. Long-term Debt Position: $748 million as of December 31, 2024. Total Liquidity Position: Approximately $600 million, excluding letters of credit. 2025 Capital Plan: $225 million, with $175 million for sustaining and infrastructure, and $50 million for upgr Show less Read more
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