Precision Drilling Corporation (PDS) CEO Kevin Neveu on Q1 2022 Results - Earnings Call Transcript

Precision Drilling Corporation (NYSE:PDS) Q1 2022 Results Conference Call April 28, 2022 2:00 PM ET

Company Participants

Carey Ford - Senior Vice President and Chief Financial Officer
Kevin Neveu - President and Chief Executive Officer

Conference Call Participants

Taylor Zurcher - Tudor, Pickering, Holt
Aaron MacNeil - TD Securities
Waqar Syed - ATB
John Gibson - BMO Capital Markets
Cole Pereira - Stifel
Keith MacKey - RBC Capital Markets
Josef Schachter - Schachter Energy

Operator

Good day and thank you for standing by. Welcome to the Precision Drilling Corporation 2022 First Quarter Results Conference Call and Webcast. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question and answer session. [Operator Instructions] Please be advised that today's conference is being recorded. [Operator Instructions]

I would now like to hand the conference over to your speaker today, Carey Ford, Senior Vice President and Chief Financial Officer. Please go ahead.

Carey Ford

Thanks, Shannon, and good afternoon. Welcome to Precision Drilling's first quarter 2022 earnings conference call and webcast. Participating with me today is Kevin Neveu, President and Chief Executive Officer. Precision reported its first quarter results through a press release earlier this morning. Please note that the financial results are in Canadian dollars unless otherwise indicated.

Also, please note some of our comments today will refer to non-IFRS financial measures and will include forward-looking statements regarding Precision's future results and prospects, which are subject to a number of risks and uncertainties. Please see our news release and other regulatory filings for more information on financial measures, forward-looking statements and risk factors.

Prior to Kevin providing an operational outlook and update, I will review our first quarter financial results. Our first quarter results reflect a very good start to the year with increasing activity, day rates