Precision Drilling (PDS) Interest Expenses (2009 - 2026)
Precision Drilling's (PDS) quarterly Interest Expenses came in at $8.9 million in Q2 2026, down 17.06% YoY from $10.7 million in Q2 2025, and down 1.3% on a QoQ basis from $9.0 million in Q1 2026.
Precision Drilling (PDS) Interest Expenses (2009 - 2026) Analysis & Trends
Precision Drilling (PDS) has 18 years of Interest Expenses data on file, last reported at $8.9 million in Q2 2026.
- Quarterly Interest Expenses fell 17.06% year-over-year to $8.9 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $37.1 million (down 18.94% YoY) and the FY2025 annual result came in at $40.9 million, down 18.02% from the prior year.
- Interest Expenses declined to $8.9 million in Q2 2026, from $9.0 million in the prior quarter.
- In the past five years, Interest Expenses ranged from a high of $27.0 million in Q2 2022 to a low of $8.9 million in Q2 2026.
- A 5-year average of $15.2 million and a median of $13.5 million in 2024 frame the typical range for Interest Expenses.
- Annual changes were most pronounced in 2022 — Interest Expenses surged 39.12% — and 2024, when it plunged 41.39%.
- Tracing PDS's Interest Expenses over 5 years: stood at $17.3 million in 2022, then slipped by 17.47% to $14.3 million in 2023, then declined by 18.5% to $11.7 million in 2024, then decreased by 21.07% to $9.2 million in 2025, then slipped by 3.33% to $8.9 million in 2026.
- The last three Interest Expenses figures came in at $8.9 million (Q2 2026), $9.0 million (Q1 2026), and $9.2 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.46 Bn | 7.01 Bn | 273.38 Mn | 36.20 Mn |
| 2 | Transocean | 6.71 Bn | 5.91 Bn | 358.00 Mn | -20.00 Mn |
| 3 | Patterson Uti Energy | 4.63 Bn | 4.43 Bn | 597.25 Mn | 20.40 Mn |
| 4 | Helmerich & Payne | 4.39 Bn | 4.16 Bn | 349.94 Mn | 24.44 Mn |
| 5 | Seadrill | 2.96 Bn | 2.60 Bn | 234.00 Mn | 16.00 Mn |
| 6 | Borr Drilling | 1.36 Bn | 1.14 Bn | - | 236.40 Mn |
| 7 | Nabors Industries | 1.30 Bn | 792.72 Mn | 309.38 Mn | 42.68 Mn |
| 8 | Precision Drilling | 1.15 Bn | 1.10 Bn | 89.29 Mn | 8.89 Mn |
| 9 | Valaris | 886.35 Mn | 345.15 Mn | 123.70 Mn | - |
| 10 | Sable Offshore | 777.33 Mn | 755.73 Mn | - | 43.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 8.89 Mn |
| Jun 30, 2026 | 8.89 Mn |
| Mar 31, 2026 | 9.01 Mn |
| Mar 31, 2026 | 9.01 Mn |
| Dec 31, 2025 | 9.20 Mn |
| Dec 31, 2025 | 9.20 Mn |
| Sep 30, 2025 | 9.99 Mn |
| Sep 30, 2025 | 9.99 Mn |
| Jun 30, 2025 | 10.72 Mn |
| Jun 30, 2025 | 10.72 Mn |
| Mar 31, 2025 | 10.98 Mn |
| Mar 31, 2025 | 10.98 Mn |
| Dec 31, 2024 | 11.65 Mn |
| Dec 31, 2024 | 11.65 Mn |
| Sep 30, 2024 | 12.40 Mn |
| Sep 30, 2024 | 12.40 Mn |
| Jun 30, 2024 | 13.30 Mn |
| Jun 30, 2024 | 13.30 Mn |
| Mar 31, 2024 | 13.63 Mn |
| Mar 31, 2024 | 13.63 Mn |