Precision Drilling renews share repurchase program

Precision Drilling Corporation has announced the renewal of its Normal Course Issuer Bid (NCIB) following approval from the Toronto Stock Exchange. The company intends to use the program to acquire and cancel its common shares to enhance shareholder value.

Under the renewed authorization, the company may purchase up to 1,229,799 common shares, representing approximately 10% of its public float as of September 8, 2026. The repurchase program is scheduled to begin on September 21, 2026, and is expected to conclude by September 20, 2027, unless completed or terminated earlier.

Acquisitions will be conducted through the Toronto Stock Exchange, the New York Stock Exchange, and other designated exchanges or alternative trading systems in Canada and the United States, in accordance with applicable regulatory requirements.