---
title: "Precision Drilling GAAP EPS of $1.34 misses by $0.41, revenue of $526M beats by $154.45M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284688322.md"
description: "Precision Drilling reported a Q1 GAAP EPS of $1.34, missing estimates by $0.41, while revenue of $526M exceeded expectations by $154.45M. The company generated $63M in cash from operations, repurchased 36,874 shares for $4M, and reduced long-term debt by $25M. Adjusted EBITDA fell 10% to $124M due to increased share-based compensation and rig reactivation costs. Precision ended the quarter with $41M in cash and over $430M in available liquidity."
datetime: "2026-04-30T03:47:21.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284688322.md)
  - [en](https://longbridge.com/en/news/284688322.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284688322.md)
---

# Precision Drilling GAAP EPS of $1.34 misses by $0.41, revenue of $526M beats by $154.45M


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