Precision Drilling’s Strong Q3 2024 Financial Performance
Company Announcements

Precision Drilling’s Strong Q3 2024 Financial Performance

Story Highlights

Precision Drilling (TSE:PD) has released an update.

Precision Drilling reported a strong third quarter for 2024, with revenues climbing to $477 million and net earnings nearly doubling from last year. The company achieved significant debt reduction and is on track to use a portion of its free cash flow for share buybacks, underscoring its financial resilience and strategic growth initiatives.

For further insights into TSE:PD stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyPrecision Drilling expects long-term global energy demand to remain positive
TheFlyPrecision Drilling reports Q3 EPS C$2.77 vs. C$1.45 last year
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App