Precision Drilling (PDS) Tax Provisions (2009 - 2026)

Precision Drilling (PDS) reported Tax Provisions of $6.7 million for Q1 2026, down 32.62% on a YoY basis from $10.0 million in Q1 2025, and up 372.06% quarter-over-quarter from -$2.5 million in Q4 2025.

Precision Drilling (PDS) Tax Provisions (2009 - 2026) Analysis & Trends

Precision Drilling has reported Tax Provisions for 18 years, with the latest figure at $6.7 million in Q1 2026.

  • For the quarter ending Q1 2026, Tax Provisions fell 32.62% year-over-year to $6.7 million; the trailing twelve-month figure through Mar 2026 stood at $34.7 million (up 8.7% YoY), and the FY2025 full-year result was $37.8 million, up 19.75% from the prior year.
  • Tax Provisions for Q1 2026 stood at $6.7 million, up from -$2.5 million in the prior quarter.
  • The five-year high for Tax Provisions was $24.5 million in Q3 2025, with the low at -$50.4 million in Q4 2023.
  • Historically, Tax Provisions has averaged $4.4 million across 5 years, with a median of $6.7 million in 2026.
  • The largest YoY upside for Tax Provisions was 2325.15% in 2023 against a maximum downside of 836.53% in 2023.
  • Precision Drilling's Tax Provisions stood at $6.8 million in 2022, then sank by 836.53% to -$50.4 million in 2023, then surged by 108.12% to $4.1 million in 2024, then slumped by 160.35% to -$2.5 million in 2025, then jumped by 372.06% to $6.7 million in 2026.
  • The last three Tax Provisions figures came in at $6.7 million (Q1 2026), -$2.5 million (Q4 2025), and $24.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 Precision Drilling 156.90 Bn 156.84 Bn 120.82 Mn 6.72 Mn
2 Noble 7.48 Bn 6.81 Bn 755.58 Mn 72.95 Mn
3 Transocean 6.71 Bn 6.09 Bn 475.00 Mn -54.00 Mn
4 Patterson Uti Energy 4.36 Bn 4.03 Bn 535.85 Mn -3.60 Mn
5 Helmerich & Payne 3.92 Bn 3.82 Bn 907.56 Mn 9.30 Mn
6 Seadrill 2.75 Bn 2.42 Bn 177.00 Mn 23.00 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 11.83 Mn
9 Borr Drilling 1.40 Bn 1.16 Bn - -11.10 Mn
10 Valaris 492.40 Mn -85.40 Mn 92.00 Mn 18.90 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 6.72 Mn
Dec 31, 2025 -2.47 Mn
Sep 30, 2025 24.49 Mn
Jun 30, 2025 5.97 Mn
Mar 31, 2025 9.97 Mn
Dec 31, 2024 4.09 Mn
Sep 30, 2024 10.17 Mn
Jun 30, 2024 7.69 Mn
Mar 31, 2024 9.74 Mn
Dec 31, 2023 -50.39 Mn
Sep 30, 2023 5.89 Mn
Jun 30, 2023 13.98 Mn
Mar 31, 2023 13.65 Mn
Dec 31, 2022 6.84 Mn
Sep 30, 2022 4.85 Mn
Jun 30, 2022 3.00 Mn
Mar 31, 2022 562,895.96
Dec 31, 2021 529,155.17
Sep 30, 2021 -2.79 Mn
Jun 30, 2021 -704,514.52