Precision Drilling (PDS) Operating Leases (2019 - 2026)
Precision Drilling (PDS) reported Operating Leases of $36.2 million for Q1 2026, little changed on a YoY basis from $36.0 million in Q1 2025, and up 6.88% quarter-over-quarter from $33.8 million in Q4 2025.
Precision Drilling (PDS) Operating Leases (2019 - 2026) Analysis & Trends
Precision Drilling has reported Operating Leases for 8 years, with the latest figure at $36.2 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Leases changed 0.39% year-over-year to $36.2 million; the trailing twelve-month figure through Mar 2026 stood at $36.2 million (changed 0.39% YoY), and the FY2025 full-year result was $33.8 million, down 15.29% from the prior year.
- Operating Leases for Q1 2026 stood at $36.2 million, up from $33.8 million in the prior quarter.
- The five-year high for Operating Leases was $42.9 million in Q1 2024, with the low at $33.8 million in Q4 2025.
- Historically, Operating Leases has averaged $38.3 million across 5 years, with a median of $39.0 million in 2022.
- Annual changes were most pronounced in 2023 — Operating Leases increased 11.16% — and 2025, when it dropped 15.96%.
- Precision Drilling's Operating Leases stood at $39.0 million in 2022, then gained by 7.51% to $42.0 million in 2023, then retreated by 6.91% to $39.1 million in 2024, then retreated by 13.41% to $33.8 million in 2025, then gained by 6.88% to $36.2 million in 2026.
- The last three Operating Leases figures came in at $36.2 million (Q1 2026), $33.8 million (Q4 2025), and $35.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Precision Drilling | 156.90 Bn | 156.84 Bn | 120.82 Mn |
| 2 | Noble | 7.48 Bn | 6.81 Bn | 755.58 Mn |
| 3 | Transocean | 6.71 Bn | 6.09 Bn | 475.00 Mn |
| 4 | Patterson Uti Energy | 4.36 Bn | 4.03 Bn | 535.85 Mn |
| 5 | Helmerich & Payne | 3.92 Bn | 3.82 Bn | 907.56 Mn |
| 6 | Seadrill | 2.75 Bn | 2.42 Bn | 177.00 Mn |
| 7 | Sable Offshore | 1.56 Bn | 1.51 Bn | -66.76 Mn |
| 8 | Nabors Industries | 1.45 Bn | 1.33 Bn | 290.08 Mn |
| 9 | Borr Drilling | 1.40 Bn | 1.16 Bn | - |
| 10 | Valaris | 492.40 Mn | -85.40 Mn | 92.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 36.15 Mn |
| Dec 31, 2025 | 33.82 Mn |
| Sep 30, 2025 | 34.96 Mn |
| Jun 30, 2025 | 35.07 Mn |
| Mar 31, 2025 | 36.01 Mn |
| Dec 31, 2024 | 39.06 Mn |
| Sep 30, 2024 | 39.59 Mn |
| Jun 30, 2024 | 40.83 Mn |
| Mar 31, 2024 | 42.85 Mn |
| Dec 31, 2023 | 41.96 Mn |
| Sep 30, 2023 | 41.13 Mn |
| Jun 30, 2023 | 39.79 Mn |
| Mar 31, 2023 | 38.79 Mn |
| Dec 31, 2022 | 39.03 Mn |
| Sep 30, 2022 | 40.15 Mn |
| Jun 30, 2022 | 35.80 Mn |
| Mar 31, 2022 | 35.76 Mn |
| Dec 31, 2021 | 36.35 Mn |
| Sep 30, 2021 | 36.94 Mn |
| Jun 30, 2021 | 37.38 Mn |