10/28/2026

speaker
Conference Operator
Operator

Good day and thank you for standing by. Welcome to the Precision Drilling Corporation 2026 Third Quarter Results Conference Call. I would like to turn the conference over to Lavonne Zdunich, Director of Investor Relations. Please go ahead.

speaker
Lavonne Zdunich
Director of Investor Relations

Welcome everyone to Precision's Third Quarter Earnings Conference Call and Webcast. Today, I'm joined by Carey Ford, our President and CEO, and Dustin Honing, CFO. Yesterday, Precision reported solid third quarter results, which Dustin will review. followed by operational and outlook commentary from Carey. Once we have finished our prepared comments, we will open the call to questions. 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. With that, I will pass it over to Carey to begin.

speaker
Carey Ford
President and Chief Executive Officer

Thank you, Lavonne. Good morning and good afternoon, everyone. Before I hand the call over to Dustin, I'd like to briefly frame the quarter for our listeners and highlight our progress against our 2026 priorities. Precision delivered differentiated North American revenue growth across the drilling and CMP service lines and continue to make strategic investments in our fleet while meeting our capital return commitments. In short, it is what we said we would do. In our press release, we guided to 25 North American rig upgrades this year. The contracted upgrades remain the best opportunity to deploy capital and create short and long-term shareholder value. Upgrades have attractive contracted returns, improved fleet capabilities, and align our service delivery with longer-term customer programs. These fleet investments and service delivery by precision crews supported by technology and a growing contract book position our business for continued growth in Q4 and create an improved platform for customer service delivery and cash flow generation in 2027. With that, I'll turn it over to Dustin.

Disclaimer

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