Precision Drilling(PDS) - 2022 Q2 - Quarterly Report

EXHIBIT 99.1 Precision's President and CEO, Kevin Neveu, stated: "Precision's strong second quarter financial results reflect steadily increasing customer demand and demonstrate the exceptional operational leverage inherent in Precision's business model. Second quarter revenue was $326 million, 62% higher than the same period last year, and reported Adjusted EBITDA more than doubled from 2021. These strong results were underpinned by improving field margins and continued focus on cost management and cost co ...