Call Start: 13:00 January 1, 0000 1:40 PM ET
Precision Drilling Corporation (NYSE:PDS)
Q1 2025 Earnings Conference Call
April 24, 2025 13:00 ET
Company Participants
Lavonne Zdunich – Vice President of Investor Relations
Carey Ford – Chief Financial Officer
Kevin Neveu – President, Chief Executive Officer & Director
Conference Call Participants
Aaron MacNeil – TD Cowen
Keith MacKey – RBC Capital Markets
Waqar Syed – ATB Capital Markets
John Gibson – BMO Capital Markets
John Daniel – Daniel Energy Partners
Aaron Rosenthal – JPMorgan
Operator
Good day and thank you for standing by. Welcome to the Precision Drilling Corporation 2025 First Quarter Results Conference Call and Webcast.
I would now like to hand the conference over to Lavonne Zdunich, Vice President of Investor Relations. Please go ahead.
Lavonne Zdunich
Thank you, operator and welcome, everyone, to our first quarter conference call. Today, I’m joined by Kevin Neveu, Precision’s President and CEO; and Carey Ford, our CFO.
Yesterday, we reported our first quarter results. To begin the call, Carey will review these results and then Kevin will provide an operational update and outlook commentary. Once we have finished our prepared comments, we will open the call for questions. Please note, some of the comments today will refer to non-IFRS financial measures and include forward-looking statements which are subject to a number of risks and uncertainties. For more information on financial measures, forward-looking statements and risk factors, please refer to our news release and other regulatory filings on SEDAR and EDGAR. As a reminder, we express our financial results in Canadian dollars unless otherwise stated.
With that, I’ll turn it over to you, Carey.
Carey Ford
Thank you, Lavonne. Precision’s Q1 financial results met our expectations for adjusted EBITDA, earnings and cash flow. Adjusted EBITDA of $137 million was driven by strong drilling activity in Canada and
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