Precision reported 1Q16 EBITDAS of $107 mm, far above our estimate of $82 mm. The Company generated $23 mm of early termination revenue and $5 mm of idle-but-contracted revenue, which propelled the beat.
26 Apr 2016
1Q16 Update
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1Q16 Update
Precision Drilling Corporation (PD:TSE) | 0 0 (-1.4%) | Mkt Cap: 1,237m
- Published:
26 Apr 2016 -
Author:
Ian B. Gillies -
Pages:
7
Precision reported 1Q16 EBITDAS of $107 mm, far above our estimate of $82 mm. The Company generated $23 mm of early termination revenue and $5 mm of idle-but-contracted revenue, which propelled the beat.