Precision Drilling Corporation Announces 2026 Board Election Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 14 2026
0mins
Source: Newsfilter
- Board Election Results: At the 2026 Annual Meeting, shareholders unanimously approved the election of all eight nominee directors, seven of whom are independent, indicating stability and transparency in the company's governance structure.
- High Voting Support: Most nominee directors received over 90% support, with David W. Williams achieving 99.77%, reflecting shareholder trust and confidence in the management team.
- Executive Compensation Vote Passed: Shareholders also approved a non-binding advisory vote on the company's executive compensation approach, indicating recognition of the compensation policy and enhancing trust between management and shareholders.
- Company Background: Precision Drilling Corporation is a leading provider of safe and environmentally responsible services to the energy industry, offering advanced digital technology through its Alpha™ portfolio and reducing environmental impact with its EverGreen™ solutions.
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Analyst Views on PDS
Wall Street analysts forecast PDS stock price to fall
7 Analyst Rating
6 Buy
1 Hold
0 Sell
Strong Buy
Current: 92.730
Low
71.99
Averages
83.66
High
96.46
Current: 92.730
Low
71.99
Averages
83.66
High
96.46
About PDS
Precision Drilling Corporation is a Canada-based provider of contract drilling and completion and production services primarily to oil and natural gas and geothermal exploration and production companies in Canada, the United States and certain international locations. The Company operates through two segments: Contract Drilling Services and Completion and Production Services. The Contract Drilling Services segment includes drilling rigs, procurement and distribution of oilfield supplies, and the manufacture, sale and repair of drilling equipment. The Completion and Production Services segment includes service rigs, oilfield equipment rental and camp services. Its technologies include AlphaAutomation, AlphaApps, AlphaAnalytics and EverGreen. It provides specialty oilfield rental equipment including solids control, power generation, drilling surface rental equipment, drilling fluid storage solutions, frac fluid storage solutions, accommodation, and wastewater treatment.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Precision Drilling Corporation Announces 2026 Board Election Results
- Board Election Results: At the 2026 Annual Meeting, shareholders unanimously approved the election of all eight nominee directors, seven of whom are independent, indicating stability and transparency in the company's governance structure.
- High Voting Support: Most nominee directors received over 90% support, with David W. Williams achieving 99.77%, reflecting shareholder trust and confidence in the management team.
- Executive Compensation Vote Passed: Shareholders also approved a non-binding advisory vote on the company's executive compensation approach, indicating recognition of the compensation policy and enhancing trust between management and shareholders.
- Company Background: Precision Drilling Corporation is a leading provider of safe and environmentally responsible services to the energy industry, offering advanced digital technology through its Alpha™ portfolio and reducing environmental impact with its EverGreen™ solutions.
See More
Precision Drilling Corporation 2026 Annual Meeting Notice
- Annual Meeting Details: Precision Drilling Corporation will hold its virtual 2026 Annual Meeting on May 14, 2026, at 10:00 a.m. MST, allowing shareholders to participate online, listen, ask questions, and vote in real-time, thereby enhancing shareholder engagement and transparency.
- Voting Procedures: Registered shareholders and proxyholders can vote in advance via proxy, continuing the practice from previous years, which ensures shareholders' voting rights and strengthens corporate governance effectiveness.
- Information Access: Shareholders can find additional information on the company’s website, including the Management Information Circular dated April 1, 2026, ensuring they are well-informed about the meeting and company developments.
- Company Overview: Precision Drilling is a leading provider of high-performance, high-value services to the energy industry, leveraging its Alpha™ digital technology portfolio and EverGreen™ environmental solutions to enhance operational efficiency and environmental responsibility.
See More
Precision Drilling Q1 Earnings Report Analysis
- Earnings Miss: Precision Drilling reported a Q1 GAAP EPS of $1.34, missing estimates by $0.41, indicating pressure on profitability that could affect investor confidence.
- Significant Revenue Growth: The company achieved revenue of $526 million in Q1, a 6.0% year-over-year increase, beating market expectations by $154.45 million, suggesting improved market demand that may lay the groundwork for future growth.
- Cash Flow and Debt Management: Operating cash flow stood at $63 million, with $4 million spent on repurchasing 36,874 shares and a $25 million reduction in long-term debt, demonstrating efforts to optimize capital structure and enhance financial stability.
- Adjusted EBITDA Decline: Adjusted EBITDA decreased by 10% to $124 million from $137 million in the same quarter last year, primarily due to increased share-based compensation expenses rising to $19 million, reflecting challenges in cost control.
See More
Precision Drilling Reports Q1 2026 Financial Highlights
- Revenue Growth: Precision Drilling reported Q1 2026 revenue of CAD 526 million, a 6% increase from CAD 496 million in Q1 2025, driven by higher drilling activity in the U.S. and Canada, indicating strong demand in the North American market despite weaker international performance.
- Adjusted EBITDA Decline: Adjusted EBITDA decreased to CAD 124 million, down 10% from CAD 137 million in Q1 2025, primarily due to increased share-based compensation expenses of CAD 19 million, reflecting ongoing investments in talent attraction and retention.
- Net Earnings Drop: The company reported net earnings of CAD 17 million for Q1 2026, a 49% decline from CAD 35 million in 2025, mainly attributed to rising share-based compensation and depreciation expenses, highlighting challenges in cost management.
- Capital Expenditure Adjustment: Precision revised its 2026 capital budget upward to CAD 265 million from CAD 245 million, driven by anticipated increases in activity in Canada and the U.S., demonstrating the company's confidence in future growth prospects.
See More
Precision Drilling Set to Announce Q1 Earnings on April 29
- Earnings Announcement: Precision Drilling is set to release its Q1 2023 earnings report on April 29 after market close, with consensus EPS estimated at $1.69 and revenue expected at $372.19 million, reflecting a 25% year-over-year decline.
- Earnings Estimate Adjustments: Over the past three months, EPS estimates have seen one upward revision and three downward revisions, indicating market uncertainty regarding the company's profitability, which could impact investor confidence.
- Revenue Estimate Changes: Revenue estimates have also experienced one upward revision and three downward revisions, reflecting uncertainty in Precision Drilling's future performance and potential stock price volatility.
- Historical Financial Data: Recent financial data shows that Precision Drilling reported a GAAP EPS of -C$3.23 and revenue of C$478.51 million in Q4 2025, highlighting ongoing challenges in profitability.
See More
Precision Drilling Corporation to Hold 2026 Annual Shareholders Meeting
- Annual Meeting Announcement: Precision Drilling Corporation has announced that its 2026 Annual Shareholders Meeting will take place on May 14, 2026, in a virtual format, allowing all shareholders to participate equally regardless of their geographic location, thereby enhancing shareholder engagement and transparency.
- Voting Eligibility Details: According to the Management Information Circular, registered shareholders must hold common shares as of the close of business on March 25, 2026, while non-registered shareholders must appoint a proxy in advance to participate in voting, ensuring compliance and effectiveness in the voting process.
- Information Access Channels: Shareholders can download the Management Information Circular from the company's website as well as SEDAR+ and EDGAR Next platforms, ensuring that shareholders have access to necessary meeting and voting information, thus enhancing information accessibility.
- Company Background Overview: Precision Drilling Corporation is a leading provider of high-performance, high-value services to the energy industry, showcasing its technological advantages and environmental responsibility through its Alpha™ digital technology portfolio and EverGreen™ environmental solutions.
See More
Precision Drilling Corporation Announces 2026 Board Election Results
- Board Election Results: At the 2026 Annual Meeting, shareholders unanimously approved the election of all eight nominee directors, seven of whom are independent, indicating stability and transparency in the company's governance structure.
- High Voting Support: Most nominee directors received over 90% support, with David W. Williams achieving 99.77%, reflecting shareholder trust and confidence in the management team.
- Executive Compensation Vote Passed: Shareholders also approved a non-binding advisory vote on the company's executive compensation approach, indicating recognition of the compensation policy and enhancing trust between management and shareholders.
- Company Background: Precision Drilling Corporation is a leading provider of safe and environmentally responsible services to the energy industry, offering advanced digital technology through its Alpha™ portfolio and reducing environmental impact with its EverGreen™ solutions.
See More
Precision Drilling Corporation 2026 Annual Meeting Notice
- Annual Meeting Details: Precision Drilling Corporation will hold its virtual 2026 Annual Meeting on May 14, 2026, at 10:00 a.m. MST, allowing shareholders to participate online, listen, ask questions, and vote in real-time, thereby enhancing shareholder engagement and transparency.
- Voting Procedures: Registered shareholders and proxyholders can vote in advance via proxy, continuing the practice from previous years, which ensures shareholders' voting rights and strengthens corporate governance effectiveness.
- Information Access: Shareholders can find additional information on the company’s website, including the Management Information Circular dated April 1, 2026, ensuring they are well-informed about the meeting and company developments.
- Company Overview: Precision Drilling is a leading provider of high-performance, high-value services to the energy industry, leveraging its Alpha™ digital technology portfolio and EverGreen™ environmental solutions to enhance operational efficiency and environmental responsibility.
See More
Precision Drilling Q1 Earnings Report Analysis
- Earnings Miss: Precision Drilling reported a Q1 GAAP EPS of $1.34, missing estimates by $0.41, indicating pressure on profitability that could affect investor confidence.
- Significant Revenue Growth: The company achieved revenue of $526 million in Q1, a 6.0% year-over-year increase, beating market expectations by $154.45 million, suggesting improved market demand that may lay the groundwork for future growth.
- Cash Flow and Debt Management: Operating cash flow stood at $63 million, with $4 million spent on repurchasing 36,874 shares and a $25 million reduction in long-term debt, demonstrating efforts to optimize capital structure and enhance financial stability.
- Adjusted EBITDA Decline: Adjusted EBITDA decreased by 10% to $124 million from $137 million in the same quarter last year, primarily due to increased share-based compensation expenses rising to $19 million, reflecting challenges in cost control.
See More
Precision Drilling Reports Q1 2026 Financial Highlights
- Revenue Growth: Precision Drilling reported Q1 2026 revenue of CAD 526 million, a 6% increase from CAD 496 million in Q1 2025, driven by higher drilling activity in the U.S. and Canada, indicating strong demand in the North American market despite weaker international performance.
- Adjusted EBITDA Decline: Adjusted EBITDA decreased to CAD 124 million, down 10% from CAD 137 million in Q1 2025, primarily due to increased share-based compensation expenses of CAD 19 million, reflecting ongoing investments in talent attraction and retention.
- Net Earnings Drop: The company reported net earnings of CAD 17 million for Q1 2026, a 49% decline from CAD 35 million in 2025, mainly attributed to rising share-based compensation and depreciation expenses, highlighting challenges in cost management.
- Capital Expenditure Adjustment: Precision revised its 2026 capital budget upward to CAD 265 million from CAD 245 million, driven by anticipated increases in activity in Canada and the U.S., demonstrating the company's confidence in future growth prospects.
See More
Precision Drilling Set to Announce Q1 Earnings on April 29
- Earnings Announcement: Precision Drilling is set to release its Q1 2023 earnings report on April 29 after market close, with consensus EPS estimated at $1.69 and revenue expected at $372.19 million, reflecting a 25% year-over-year decline.
- Earnings Estimate Adjustments: Over the past three months, EPS estimates have seen one upward revision and three downward revisions, indicating market uncertainty regarding the company's profitability, which could impact investor confidence.
- Revenue Estimate Changes: Revenue estimates have also experienced one upward revision and three downward revisions, reflecting uncertainty in Precision Drilling's future performance and potential stock price volatility.
- Historical Financial Data: Recent financial data shows that Precision Drilling reported a GAAP EPS of -C$3.23 and revenue of C$478.51 million in Q4 2025, highlighting ongoing challenges in profitability.
See More
Precision Drilling Corporation to Hold 2026 Annual Shareholders Meeting
- Annual Meeting Announcement: Precision Drilling Corporation has announced that its 2026 Annual Shareholders Meeting will take place on May 14, 2026, in a virtual format, allowing all shareholders to participate equally regardless of their geographic location, thereby enhancing shareholder engagement and transparency.
- Voting Eligibility Details: According to the Management Information Circular, registered shareholders must hold common shares as of the close of business on March 25, 2026, while non-registered shareholders must appoint a proxy in advance to participate in voting, ensuring compliance and effectiveness in the voting process.
- Information Access Channels: Shareholders can download the Management Information Circular from the company's website as well as SEDAR+ and EDGAR Next platforms, ensuring that shareholders have access to necessary meeting and voting information, thus enhancing information accessibility.
- Company Background Overview: Precision Drilling Corporation is a leading provider of high-performance, high-value services to the energy industry, showcasing its technological advantages and environmental responsibility through its Alpha™ digital technology portfolio and EverGreen™ environmental solutions.
See More
