Precision Drilling (PDS) Operating Expenses (2009 - 2026)

Precision Drilling has reported Operating Expenses for 18 years, with the latest figure at $30.4 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 46.74% year-over-year to $30.4 million; the trailing twelve-month figure through Mar 2026 stood at $91.6 million (up 8.92% YoY), and the FY2025 full-year result was $81.9 million, down 15.32% from the prior year.
• Operating Expenses for Q1 2026 stood at $30.4 million, up from $20.9 million in the prior quarter.
• The five-year high for Operating Expenses was $58.4 million in Q4 2022, with the low at $11.5 million in Q1 2023.
• Historically, Operating Expenses has averaged $25.7 million across 5 years, with a median of $21.0 million in 2024.
• Annual changes were most pronounced in 2022 — Operating Expenses surged 283.59% — and 2023, when it plunged 73.8%.
• Precision Drilling's Operating Expenses 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 soared by 45.81% to $30.4 million in 2026.
• The last three Operating Expenses figures came in at $30.4 million (Q1 2026), $20.9 million (Q4 2025), and $22.4 million (Q3 2025), per Business Quant data.