XML 28 R1.htm IDEA: XBRL DOCUMENT v3.25.0.1
Cover Page
 12 Months Ended
Dec. 31, 2024
shares
Document Information [Line Items]  
Document Type 40-F
Amendment Flag false
Document Period End Date Dec. 31, 2024
Document Fiscal Year Focus 2024
Document Fiscal Period Focus FY
Trading Symbol PDS
Entity Registrant Name PRECISION DRILLING CORPORATION
Entity Central Index Key 0001013605
Current Fiscal Year End Date --12-31
Entity Current Reporting Status Yes
Entity Common Stock, Shares Outstanding 13,779,502
Entity Emerging Growth Company false
Entity Interactive Data Current Yes
Entity Address, Address Line One 800, 525 - 8 Avenue, S.W
Entity Address, City or Town Calgary
Entity Address, Postal Zip Code T2P 1G1
Entity Address, State or Province AB
Entity Address, Country CA
Local Phone Number 716-4500
Security Exchange Name NYSE
Title of 12(b) Security Common Shares
ICFR Auditor Attestation Flag true
Document Annual Report true
Entity File Number 001-14534
Entity Incorporation, State or Country Code A0
Auditor Name KPMG LLP
Auditor Firm ID 85
Auditor Location Calgary, Alberta, Canada
Auditor Opinion [Text Block]

Opinion on the Consolidated Financial Statements

We have audited the accompanying consolidated statements of financial position of Precision Drilling Corporation and subsidiaries (the Corporation) as of December 31, 2024 and 2023, the related consolidated statements of net earnings, comprehensive income, changes in equity, and cash flows for the years then ended, and the related notes (collectively, the consolidated financial statements). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Corporation as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the years then ended, in conformity with International Financial Reporting Standards as issued by the International Accounting Standards Board.

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the Corporation’s internal control over financial reporting as of December 31, 2024, based on criteria established in Internal Control – Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission, and our report dated March 7, 2025 expressed an unqualified opinion on the effectiveness of the Corporation’s internal control over financial reporting.
Document Registration Statement false
City Area Code 403
Annual Information Form true
Audited Annual Financial Statements true
Document Financial Statement Error Correction [Flag] false
Business Contact [Member]  
Document Information [Line Items]  
Entity Address, Address Line One 10350 Richmond Avenue
Entity Address, Address Line Two Suite 700
Entity Address, City or Town Houston
Entity Address, Postal Zip Code 77042
Entity Address, State or Province TX
Local Phone Number 435-6100
City Area Code 713
Contact Personnel Name Precision Drilling (US) Corporation