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| Date | Value |
|---|---|
| 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 |