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
DateValue
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