Day Rate Or Hourly Services was Precision Drilling’s largest revenue line in fiscal 2024, bringing in $1.90B of $1.90B (100%).
| Products and services [axis] | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|---|---|---|
| Day Rate Or Hourly Services | $958.86M | $1.58B | $1.90B | $1.90B | ||||
| Directional Services | $7.87M | — | — | — | ||||
| Turnkey Drilling Services | $17.09M | $31.72M | $8.99M | — | ||||
| Shortfall Payments Or Idle But Contracted | $543.00K | $2.15M | $24.60M | $837.00K | ||||
| Other | $2.49M | $2.50M | $2.32M | $1.45M | ||||
| Total | $986.85M | $1.62B | $1.94B | $1.90B |
Precision Drilling brought in $1.90B from its three revenue lines in fiscal 2024, the year ended December 31, 2024. Precision Drilling regrouped these revenue lines after fiscal 2023, so the total does not compare directly with that year's $1.94B. Day Rate Or Hourly Services was the largest at $1.90B (99.9%), ahead of Other at $1.45M (0.1%) and Shortfall Payments Or Idle But Contracted at $837.00K (0.0%).
Precision Drilling stopped reporting Turnkey Drilling Services ($8.99M in fiscal 2023) and Directional Services ($7.87M in fiscal 2021) as separate revenue lines.
Canada was Precision Drilling’s largest region in fiscal 2024, bringing in $1.11B of $1.90B (58%).
| Geography | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|---|---|---|---|
| United States | $398.02M | $745.63M | $861.92M | $590.64M | |||||
| Canada | $443.77M | $725.56M | $929.64M | $1.11B | |||||
| International | $145.05M | $146.00M | $146.30M | $205.52M | |||||
| Total | $986.85M | $1.62B | $1.94B | $1.90B |
Precision Drilling brought in $1.90B from its three regions in fiscal 2024, the year ended December 31, 2024. That was down 1.8% from $1.94B in fiscal 2023. Canada was the largest at $1.11B (58.1%), ahead of United States at $590.64M (31.0%) and International at $205.52M (10.8%).
Compared with fiscal 2023, International grew fastest, up 40.5% to $205.52M, while United States fell the most, down 31.5% to $590.64M. From fiscal 2021 to 2024, combined revenue from these regions grew from $986.85M to $1.90B, a compound annual growth rate of 24.5%. Canada's share of the total rose from 45.0% to 58.1%.
Guarantor Subsidiaries was Precision Drilling’s largest revenue line in fiscal 2017, bringing in $1.14B of $1.32B (86%).
| Consolidated And Separate Financial Statements | FY 2016 | FY 2017 |
|---|---|---|
| Guarantor Subsidiaries | $846.87M | $1.14B |
| Non-Guarantor Subsidiaries | $169.29M | $190.40M |
| Consolidating Adjustments | -$13.02M | -$7.32M |
| Total | $1.00B | $1.32B |
Precision Drilling brought in $1.32B from its three revenue lines in fiscal 2017, the year ended December 31, 2017. That was up 31.7% from $1.00B in fiscal 2016. Guarantor Subsidiaries was the largest at $1.14B (86.1%), ahead of Non-Guarantor Subsidiaries at $190.40M (14.4%).
Compared with fiscal 2016, Guarantor Subsidiaries grew 34.4% to $1.14B and Non-Guarantor Subsidiaries grew 12.5% to $190.40M.
The total is net of Consolidating Adjustments, which took $7.32M off revenue in fiscal 2017.
Precision Drilling (PDS) reports its revenue by products and services [axis], by geography and by consolidated and separate financial statements. In fiscal 2024, Day Rate Or Hourly Services was its largest revenue line, bringing in $1.90B (99.9% of the total), followed by Other at $1.45M (0.1%).
Day Rate Or Hourly Services was Precision Drilling's largest revenue line in fiscal 2024, bringing in $1.90B, or 99.9% of the $1.90B total across its three revenue lines.
Canada was Precision Drilling's largest region in fiscal 2024, bringing in $1.11B, or 58.1% of the $1.90B total across its three regions.
Among Precision Drilling's regions that make up at least 2% of revenue, International grew fastest in fiscal 2024, up 40.5% from $146.30M to $205.52M.
Every figure comes from Precision Drilling's annual financial filings, as reported. Each line keeps the name Precision Drilling gives it, and years follow its fiscal calendar.
Precision Drilling's revenue by products and services [axis] goes back to fiscal 2017, with figures through fiscal 2024. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.