Precision Drilling (PDS) Operating Expenses (2009 - 2026)
Precision Drilling's (PDS) quarterly Operating Expenses came in at $19.1 million in Q2 2026, up 6.97% YoY from $17.9 million in Q2 2025, and down 37.18% on a QoQ basis from $30.4 million in Q1 2026.
Precision Drilling (PDS) Operating Expenses (2009 - 2026) Analysis & Trends
Precision Drilling (PDS) has 18 years of Operating Expenses data on file, last reported at $19.1 million in Q2 2026.
- Quarterly Operating Expenses rose 6.97% year-over-year to $19.1 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $92.8 million (up 14.62% YoY) and the FY2025 annual result came in at $81.9 million, down 13.59% from the prior year.
- Operating Expenses eased to $19.1 million in Q2 2026, from $30.4 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $58.4 million in Q4 2022 to a low of $11.5 million in Q1 2023.
- A 5-year average of $25.4 million and a median of $20.9 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses surged 283.59% — and 2023, when it plunged 73.8%.
- Tracing PDS's Operating Expenses over 5 years: stood at $58.4 million in 2022, then slumped by 50.74% to $28.7 million in 2023, then slipped by 11.98% to $25.3 million in 2024, then fell by 17.48% to $20.9 million in 2025, then fell by 8.4% to $19.1 million in 2026.
- The last three Operating Expenses figures came in at $19.1 million (Q2 2026), $30.4 million (Q1 2026), and $20.9 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.46 Bn | 7.01 Bn | 273.38 Mn | 689.21 Mn |
| 2 | Transocean | 6.71 Bn | 5.91 Bn | 358.00 Mn | 812.00 Mn |
| 3 | Patterson Uti Energy | 4.63 Bn | 4.43 Bn | 597.25 Mn | 1.23 Bn |
| 4 | Helmerich & Payne | 4.39 Bn | 4.16 Bn | 349.94 Mn | 846.65 Mn |
| 5 | Seadrill | 2.96 Bn | 2.60 Bn | 234.00 Mn | 377.00 Mn |
| 6 | Borr Drilling | 1.36 Bn | 1.14 Bn | - | 232.10 Mn |
| 7 | Nabors Industries | 1.30 Bn | 792.72 Mn | 309.38 Mn | 802.04 Mn |
| 8 | Precision Drilling | 1.15 Bn | 1.10 Bn | 89.29 Mn | 19.12 Mn |
| 9 | Valaris | 886.35 Mn | 345.15 Mn | 123.70 Mn | 498.70 Mn |
| 10 | Sable Offshore | 777.33 Mn | 755.73 Mn | - | 204.02 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 19.12 Mn |
| Mar 31, 2026 | 30.44 Mn |
| Dec 31, 2025 | 20.88 Mn |
| Sep 30, 2025 | 22.37 Mn |
| Jun 30, 2025 | 17.88 Mn |
| Mar 31, 2025 | 20.74 Mn |
| Dec 31, 2024 | 25.30 Mn |
| Sep 30, 2024 | 17.05 Mn |
| Jun 30, 2024 | 20.97 Mn |
| Mar 31, 2024 | 33.49 Mn |
| Dec 31, 2023 | 28.74 Mn |
| Sep 30, 2023 | 32.95 Mn |
| Jun 30, 2023 | 17.39 Mn |
| Mar 31, 2023 | 11.48 Mn |
| Dec 31, 2022 | 58.35 Mn |
| Sep 30, 2022 | 19.10 Mn |
| Jun 30, 2022 | 16.76 Mn |
| Mar 31, 2022 | 43.82 Mn |
| Dec 31, 2021 | 15.21 Mn |
| Sep 30, 2021 | 19.05 Mn |