Precision Drilling Corporation (PDS) Q2 2025 Earnings Call Transcript

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Precision Drilling Corporation (NYSE:PDS) Q2 2025 Earnings Conference Call July 30, 2025 1:00 PM ETCompany ParticipantsCarey Thomas Ford - Chief Financial OfficerKevin A. Neveu - President, CEO & DirectorLavonne Zdunich - Vice President of Investor RelationsConference Call ParticipantsAaron MacNeil - TD Cowen, Research DivisionDerek John Podhaizer - Piper Sandler & Co., Research DivisionJohn Gibson - BMO Capital Markets Equity ResearchJohn Matthew Daniel - Daniel Energy Partners, LLCKeith MacKey - RBC Capital Markets, Research DivisionWaqar Mustafa Syed - ATB Capital Markets Inc., Research DivisionOperatorGood day, and thank you for standing by. Welcome to the Precision Drilling Corporation 2025 Second Quarter Results Conference Call and Webcast.I would now like to hand the conference over to Lavonne Zdunich, Vice President of Investor Relations. Please go ahead.Lavonne ZdunichThank you, operator. Welcome, everyone, to Precision Drilling's Second Quarter Conference Call and Webcast. Today, I'm joined by Kevin Neveu, Precision's President and CEO; and Carey Ford, our CFO.Yesterday, we reported our second quarter results. To begin our call today, Carey will review these results, and then Kevin will provide an operational update and outlook commentary. Once we finished our prepared comments, we will open the call for questions.Please note that some comments today will refer to non-IFRS financial measures and include forward-looking statements, which are subject to a number of risks and uncertainties. For more information on financial measures, forward-looking statements and risk factors, please refer to our news release and other regulatory filings available on SEDAR+ and EDGAR. As a reminder, we express our financial results in Canadian dollars unless otherwise stated.With that, I'll pass it over to you, Carey.Carey Thomas FordThank you, Lavonne. Precision's Q2 financial results exceeded our expectations for adjusted EBITDA, earnings and cash