Precision Drilling Corporation (PDS) CEO Kevin Neveu on Q2 2022 Results Earnings Call Transcript

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Q2: 2022-07-27 Earnings Summary

EPS of -$1.41 beats by $0.41
 | Revenue of $254.31M (58.71% Y/Y) beats by $21.14M

Precision Drilling Corporation (NYSE:PDS) Q2 2022 Earnings Conference Call July 27, 2022 2:00 PM ET

Company Participants

Carey Ford - SVP and CFO
Kevin Neveu - President and CEO

Conference Call Participants

Aaron MacNeil - TD Securities
Waqar Syed - ATB Financial
Cole Pereira - Stifel
Keith MacKey - RBC Capital Markets
John Daniel - Daniel Energy Partners

Carey Ford

Thank you, Michelle, and good afternoon. Before we begin our call, I'm pleased to introduce Lavon [indiscernible], who joined Precision a little over a month ago as Director of Investor Relations. Lavon will be overseeing Investor Relations activities for Precision and we are delighted to have her on our team.

With that, I'll hand it over to Lavon.

Unidentified Company Representative

Welcome to Precision Drilling's 2022 Second Quarter Earnings Conference Call and Webcast. Participating on today's call with me will be Kevin Neveu, President and CEO and Carey Ford, our CFO.

Earlier this morning, Precision reported strong second quarter results, which Carey will review with you, followed by an operational update and outlook commentary from Kevin. Once we have finished our prepared comments, we will open the call to question.

Some of our comments today will refer to non-IFRS financial measures and will include forward-looking statements, 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. As a reminder, we express our financial results in Canadian dollars unless otherwise indicated.

Kevin, over to you for some introductory comments.

Kevin Neveu

Thank you, Lavon and good afternoon. For today's earnings call, I'd like to draw your attention to three key themes. First, customer demand for our super triple drilling rigs in our U.S. and Canadian markets continues to strengthen and with extremely limited industry supply rates and

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