Precision Drilling (PDS) Divestments (2009 - 2024)
Precision Drilling posted quarterly Divestments of -$4.1 million for Q3 2024, up 17.15% year-on-year from -$3.5 million in Q4 2023, and up 48.49% on a QoQ basis from -$8.0 million in Q2 2024.
Precision Drilling (PDS) has 8 years of Divestments data on file, last reported at -$4.1 million in Q3 2024.
- For the quarter ending Q3 2024, Divestments rose 17.15% year-over-year to -$4.1 million; the trailing twelve-month figure through Sep 2024 stood at -$21.0 million (up 35.38% YoY), and the FY2012 full-year result was -$31.7 million, down 96.12% from the prior year.
- Divestments for Q3 2024 stood at -$4.1 million, up from -$8.0 million in the prior quarter.
- Across five years, Divestments topped out at -$2.1 million in Q2 2021 and bottomed at -$17.1 million in Q3 2022.
- The 4-year median for Divestments is -$4.4 million (2023), against an average of -$5.4 million.
- The widest annual swing landed in 2022, when Divestments tumbled 381.66%; it then jumped 70.83% in 2023.
- A 4-year view of Divestments shows it stood at -$3.6 million in 2021, then sank by 381.66% to -$17.1 million in 2022, then surged by 70.83% to -$5.0 million in 2023, then advanced by 17.15% to -$4.1 million in 2024.
- The last three Divestments figures came in at -$4.1 million (Q3 2024), -$8.0 million (Q2 2024), and -$3.8 million (Q1 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Divestments (Qtr) |
|---|---|---|---|---|---|
| 1 | Precision Drilling | 157.47 Bn | 157.41 Bn | 120.82 Mn | - |
| 2 | Noble | 8.34 Bn | 7.67 Bn | 755.58 Mn | - |
| 3 | Transocean | 7.55 Bn | 6.94 Bn | 475.00 Mn | - |
| 4 | Patterson Uti Energy | 4.63 Bn | 4.30 Bn | 535.85 Mn | - |
| 5 | Helmerich & Payne | 3.96 Bn | 3.86 Bn | 907.56 Mn | - |
| 6 | Seadrill | 3.20 Bn | 2.87 Bn | 177.00 Mn | - |
| 7 | Sable Offshore | 2.10 Bn | 2.05 Bn | -66.76 Mn | - |
| 8 | Nabors Industries | 1.49 Bn | 1.37 Bn | 290.08 Mn | - |
| 9 | Borr Drilling | 1.48 Bn | 1.10 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | -4.14 Mn |
| Jun 30, 2024 | -8.04 Mn |
| Mar 31, 2024 | -3.85 Mn |
| Sep 30, 2023 | -5.00 Mn |
| Jun 30, 2023 | -4.66 Mn |
| Mar 31, 2023 | -5.74 Mn |
| Sep 30, 2022 | -17.13 Mn |
| Jun 30, 2022 | -5.37 Mn |
| Mar 31, 2022 | -2.25 Mn |
| Sep 30, 2021 | -3.56 Mn |
| Jun 30, 2021 | -2.11 Mn |
| Mar 31, 2021 | -2.63 Mn |
| Dec 31, 2012 | -17.76 Mn |
| Sep 30, 2012 | -5.03 Mn |
| Jun 30, 2012 | -3.70 Mn |
| Dec 31, 2011 | -7.12 Mn |
| Sep 30, 2011 | -4.71 Mn |
| Jun 30, 2011 | -3.46 Mn |
| Mar 31, 2011 | -745,453.36 |
| Dec 31, 2010 | -2.85 Mn |
| Sep 30, 2010 | -1.99 Mn |
| Jun 30, 2010 | -5.98 Mn |
| Mar 31, 2010 | -1.11 Mn |
| Mar 31, 2009 | -4.78 Mn |