LaVon Jadonic
Vice President of Investor Relations
Replay available
Precision Drilling Corporation (PDS) Q3 2025 Earnings Call
Precision Drilling Corporation (NYSE: PDS) Q3 2025 earnings conference call, held 2025-10-23. Replay captured from the company's public earnings webcast.
Hosted by
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Keith Mackey
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Derek Pothiser
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Dustin Honing
Chief Financial Officer
Jean Stahl
Chief Operating Officer
Terry Ford
President and Chief Executive Officer
Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Precision Drilling Corporation.
Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:03.476 Good day and thank you for standing by. Welcome to the Precision Drilling Corporation 00:00:03.476 -- 00:00:06.741 2025 Third Quarter Results Conference Call and Webcast. 00:00:06.741 -- 00:00:10.547 I would like to hand the conference over to LaVon Jadonic, Vice President of Investor 00:00:10.547 -- 00:00:13.369 Relations. Please go ahead. 00:00:13.873 -- 00:00:17.999 Good morning, and thank you for joining Precision Drilling's Third Quarter Conference 00:00:17.999 -- 00:00:20.142 Call and Webcast. 00:00:20.142 -- 00:00:24.850 Earlier this month, we announced the retirement of Kevin Neveu and the appointment of 00:00:24.850 -- 00:00:28.718 Terry Ford to President and Chief Executive Officer. 00:00:28.718 -- 00:00:34.324 Jean Stahl to Chief Operating Officer, and Dustin Honing to Chief Financial 00:00:34.324 -- 00:00:35.866 Officer. 00:00:35.866 -- 00:00:41.392 Kevin retires after serving as President and CEO for one of the longest tenures 00:00:41.392 -- 00:00:44.315 of any oilfield service 00:00:44.315 -- 00:00:49.401 CEO. We would like to thank Kevin for his many contributions during his time with 00:00:49.401 -- 00:00:51.023 PD. 00:00:51.023 -- 00:00:56.369 Before I pass the call over to Kerry and Dustin today, I would like to recap some 00:00:56.369 -- 00:00:58.992 of our Q3 highlights. 00:00:58.992 -- 00:01:03.418 Precision drilling activity outperformed industry and our U.S. 00:01:03.418 -- 00:01:06.562 drilling activity continues to grow. 00:01:06.562 -- 00:01:10.707 Our operating margins are resilient and within guidance. 00:01:10.707 -- 00:01:16.395 We increased our 2025 capital budget by $20 million to 00:01:16.395 -- 00:01:21.442 allow for five additional contracted rig upgrades as several of our 00:01:21.442 -- 00:01:2...