Precision Drilling Corporation (NYSE: PDS) plans to release its third quarter fiscal year 2026 results after market close on Tuesday, October 27, 2026. The Calgary-based energy services provider has scheduled a conference call for the following day to discuss financial performance.

Earnings Release and Call Schedule

The company will publish its Q3FY26 financial statements on October 27, 2026. Management will host a conference call and webcast on Wednesday, October 28, 2026, starting at 11:00 am MT (1:00 pm ET). Participants must register via the provided link to receive dial-in details and a unique PIN for question submission.

Webcast Availability

The earnings call will be webcast live for public access. A replay of the webcast will remain available on Precision Drilling's website until the next quarterly conference call is posted. The company operates under the trading symbols PD on the Toronto Stock Exchange and PDS on the New York Stock Exchange.

Company Profile

Precision Drilling provides high-performance drilling services to the energy industry. The firm offers an extensive fleet of Super Series drilling rigs and utilizes its Alpha digital technology portfolio for automation and analytics. Environmental solutions are integrated through the EverGreen suite, supporting reduced operational impact.

Precision Drilling Corporation (TSX: PD; NYSE: PDS) announced that the Toronto Stock Exchange (TSX) has approved its renewed Normal Course Issuer Bid (NCIB) to repurchase common shares. The company intends to use the bid as a tool to enhance underlying share value.

The TSX authorization allows Precision to acquire up to 1,229,799 Common Shares for cancellation. This quantity represents approximately 10% of the public float as of September 8, 2026. Purchases under the new NCIB may commence on September 21, 2026, and will terminate no later than September 20, 2027.

Previous Buyback Activity

Under the prior NCIB, which was active from September 19, 2025, to September 18, 2026, Precision had been authorized to purchase up to 1,251,850 shares. As of September 8, 2026, the company had purchased 668,674 Common Shares on the TSX, NYSE, and alternative trading systems. These purchases were executed at a weighted average price of CAD$102.54 per share.

Execution Parameters

Purchases will be conducted in accordance with applicable regulatory requirements through designated exchanges or alternative trading systems in Canada and the United States. The daily purchase limit is set at 22,165 Common Shares, which equals 25% of the average daily trading volume of 88,661 shares on the TSX for the six full calendar months ending August 31, 2026.

The company retains the ability to make one block purchase per calendar week that exceeds this daily limit. All shares acquired under the NCIB will be cancelled immediately after purchase. Precision intends to fund these acquisitions using available resources.

What the Numbers Show

The renewal of the NCIB indicates a continued commitment to capital return despite the cyclical nature of the energy sector. With the previous bid allowing for the purchase of 1.25 million shares and only 668,674 shares bought so far, the company has utilized roughly half of its prior authorization. The new cap of 1.23 million shares maintains a similar scale of potential buyback activity, suggesting management views current valuation levels as attractive for reducing outstanding equity.

Trading Plan

Effective September 21, 2026, Precision will enter into an automatic securities purchase plan. This arrangement allows its broker to purchase shares based on prearranged criteria, enabling transactions during periods when purchases would otherwise be restricted by insider trading rules or blackout periods. The plan complies with Canadian securities laws and Rule 10b5-1 under the U.S. Securities Exchange Act of 1934.