LaVon Zidonic
Vice President, Investor Relations
Replay available
Precision Drilling Corporation (PDS) Q4 2025 Earnings Call
Precision Drilling Corporation (NYSE: PDS) Q4 2025 earnings conference call, held 2026-02-12. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Dustin Honing
Chief Financial Officer
Kerry Ford
President and Chief Executive Officer
Derek Podheiser
Analyst, Piper Sandler
Keith Mackey
Analyst, RBC Capital Markets
Aaron McNeil
Analyst, TD Securities
Tim Monticello
Analyst, ATB Capital Markets
John Daniel
Analyst, Daniel Energy Partners
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 -- 00:00:02.975 Ladies and gentlemen, thank you for standing by, and welcome to Precision Drilling's 00:00:02.975 -- 00:00:06.640 fourth quarter and year-end conference call. 00:00:06.640 -- 00:00:10.125 I will now pass the call over to LaVon Zidonic, Vice President, Investor Relations. 00:00:10.125 -- 00:00:12.506 Please go ahead. 00:00:12.669 -- 00:00:16.634 Good day, and thank you all for joining Precision Drilling's fourth quarter and year-end 00:00:16.634 -- 00:00:22.362 conference call and webcast. Today, I'm joined by Kerry Ford, our President and CEO, 00:00:22.362 -- 00:00:27.543 and Dustin Honing, the CFO. Please note that some comments today will refer to 00:00:27.543 -- 00:00:32.269 non-IFRS financial measures and include forward-looking statements which are subject 00:00:32.269 -- 00:00:35.173 to a number of risks and uncertainties. 00:00:35.173 -- 00:00:40.018 For more information on financial measures, forward-looking statements, and risk factors, 00:00:40.018 -- 00:00:45.044 please refer to our news release and other regulatory filings available on CEDAR 00:00:45.044 -- 00:00:50.251 and EDGAR. Before I pass the call over to Kerry and Dustin, I would like to recap 00:00:50.251 -- 00:00:54.605 how we delivered on our 2025 strategic priorities. 00:00:54.605 -- 00:00:59.832 First, we enhanced our shareholder returns by reducing debt $101 million, 00:00:59.832 -- 00:01:05.480 ending the year with a net debt to adjusted EBITDA ratio of 1.2 times. 00:01:05.480 -- 00:01:10.708 And we also repurchased $76 million of our shares, meeting the midpoint of our guidance 00:01:10.708 -- 00:01:15.755 of allocating between 35% and 45% of our free cash flow to 00:01:15.755 -- 00:01:17.707 share buybacks. 00:01:17.707 -- 00:01:23.555 During the year, w...