|Precision Drilling Corporation - PD.t is a performance-oriented, integrated oilfield service provider and the largest in Canada.|
Precision provides an extensive fleet of contract drilling rigs, directional drilling services, well service & snubbing rigs, coiled tubing services, camps, rental equipment, and water treatment units backed by a comprehensive mix of technical support services and skilled, experienced personnel.
"Precision Drilling (TSX:PD)(NYSE:PDS) announces 2017 second quarter financial results:
•Second quarter revenue was $276 million, an increase of 68% over the second quarter of 2016.
•Second quarter earnings before income taxes, gain on repurchase of unsecured senior notes, finance charges, foreign exchange, and depreciation and amortization of $57 million was 152% higher than the second quarter of 2016.
•Second quarter net loss was $36 million ($0.12 per share) compared with a net loss of $58 million ($0.20 per share) in the second quarter of 2016.