Precision Drilling shares fall after decommissioning charge drags it to a Q4 loss

NodeGuardian · 2026-02-26T10:13:37+00:00

Precision Drilling Corp. faced a Q4 net loss of $41.9 million mainly due to $84 million in non-cash decommissioning charges. Despite rising revenues and rig activity, the decommissioning adversely affected share performance. Nevertheless, the company sees a promising long-term outlook.

NodeGuardian

2026-02-26 10:13:37

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Precision Drilling Corp. reported a Q4 net loss of $41.9 million, or $3.23 per share, primarily due to non-cash charges totaling $84 million related to decommissioning 31 drilling rigs and writedowns on drill pipe. Despite increased revenues and active rig counts in Canada and the U.S., the decommissioning charge significantly impacted its financial performance, causing its shares to fall. The company, however, maintains a favorable long-term business outlook driven by stabilizing natural gas demand and projected growth in energy needs.

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