Precision Drilling renews buyback and PDS stock gains 4.65 percent

Published on 10/05/2026 at 21:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter 2026 revenue rose 11.36 percent to CAD 452.80 million. Precision Drilling stock costs EUR 78.75 after EUR 75.25.

PDS, CA74022D4075, Illustration mit AI erstellt.

Precision Drilling (CA74022D4075) renewed authorization to repurchase up to 1,229,799 common shares on September 16, 2026, while PDS stock was trading at EUR 78.75 at Lang & Schwarz on October 5, 2026 at 9:52 p.m. CEST, up 4.65 percent versus the EUR 75.25 prior close. StockTitan reported the renewal, which permits purchases for cancellation through September 20, 2027.

Buyback sets a capital-return signal

The renewed normal course issuer bid allows Precision Drilling to buy shares through the TSX, NYSE and other permitted systems. The authorization covers up to 1,229,799 shares, while the daily limit is 22,165 shares, according to the September 16 release carried by StockTitan.

The prior program had repurchased 668,674 shares through September 8, 2026, at a weighted average price of CAD 102.54 per share. That history gives the new authorization a measurable operating reference rather than making it only a corporate intention.

Revenue grew while profit turned negative

For the second quarter of 2026, revenue rose from CAD 406.62 million in the second quarter of 2025 to CAD 452.80 million, a calculated increase of 11.36 percent. The company nevertheless reported a GAAP net loss of CAD 1.20 million after a GAAP net profit of CAD 16.27 million in the prior-year quarter, according to Markets Insider.

The contrast matters for the next results release: higher sales have not yet translated into comparable quarterly profitability. The latest figures therefore put operating margins and cost control alongside drilling activity on the investor agenda.

October 27 results set

Precision Drilling intends to release third-quarter 2026 results after the market closes on October 27, 2026. The company scheduled its conference call for October 28, 2026, at 1:00 p.m. ET, according to GlobeNewswire. The timing makes the October release the next dated test of whether revenue momentum can support earnings recovery.

Stock gains in after-hours trading

PDS stock was trading at EUR 78.75 at Lang & Schwarz on October 5, 2026 at 9:52 p.m. CEST, plus 4.65 percent versus the EUR 75.25 prior close on October 2, 2026. Its primary listing is on the NYSE, where the finance quote showed USD 88.16 on October 5, 2026 at 3:53 p.m. ET, while the 52-week range was USD 53.42 to USD 103.80.