Financial Highlights - Precision Drilling anticipates a robust 2025 free cash flow yield potential of 25%[10, 11] - Analyst estimates for 2025 free cash flow are $226 million, against an equity market cap of $921 million[12] - The company aims to reduce total debt by at least $100 million in 2025[19, 23] - The long-term debt reduction target is increased to $700 million from 2022-2027, with $452 million already paid as of March 31, 2025[19, 23] - The company is on track to achieve a Net Debt to Adjusted EBITDA ratio of less than 10x[23] Operational Performance - Precision Drilling is the 1 land driller in Canada with 98 highly desirable rigs and a top land driller in the US with 104 rigs (66 Super Spec)[9] - The company is also the 1 well service provider in Canada with 153 rigs[9] - Canadian day rate margins have increased by 67% over the last 3 years[51] - US day rate margins have increased by over 60% in the last 3 years[66] - In Canada, Precision's Super Triples & Super Singles are nearly fully utilized[23] Strategic Priorities - Maximize free cash flow and enhance shareholder returns are key strategic priorities for 2025[18] - The company plans to allocate 35-45% of free cash flow to share repurchases in 2025, moving towards 50% of free cash flow for direct shareholder returns[19] - Grow revenue in existing service lines through disciplined capital deployment, strict cost management, and opportunistic tuck-in acquisitions[19, 20]

Company Overview - Trinity Asset Management was founded by Brian Gilmartin in May 1995, focusing on providing attention and service to individual investors and institutions that were underserved by larger firms [1] - Brian Gilmartin has extensive experience in the investment industry, starting as a fixed-income/credit analyst and later managing equity and balanced accounts for clients [1] Professional Background - Brian Gilmartin has a BSBA in Finance from Xavier University and an MBA in Finance from Loyola University, with the CFA designation awarded in 1994 [1] - He has contributed to various financial publications, including TheStreet.com and Wall Street Journal, showcasing his expertise in the field [1]