Precision Drilling Management
Management criteria checks 3/4
Precision Drilling's CEO is Kevin Neveu, appointed in Jan 2007, has a tenure of 17.92 years. total yearly compensation is CA$6.72M, comprised of 16.1% salary and 83.9% bonuses, including company stock and options. directly owns 1.96% of the company’s shares, worth CA$23.08M. The average tenure of the management team and the board of directors is 7.9 years and 8.4 years respectively.
Key information
Kevin Neveu
Chief executive officer
CA$6.7m
Total compensation
| CEO salary percentage | 16.1% |
| CEO tenure | 17.9yrs |
| CEO ownership | 2.0% |
| Management average tenure | 7.9yrs |
| Board average tenure | 8.4yrs |
Recent management updates
Recent updates
Lacklustre Performance Is Driving Precision Drilling Corporation's (TSE:PD) Low P/E
Dec 07
Does Precision Drilling (TSE:PD) Have A Healthy Balance Sheet?
Sep 29We Like These Underlying Return On Capital Trends At Precision Drilling (TSE:PD)
Sep 13We Ran A Stock Scan For Earnings Growth And Precision Drilling (TSE:PD) Passed With Ease
Aug 29Earnings Working Against Precision Drilling Corporation's (TSE:PD) Share Price
Jun 25We Think Precision Drilling (TSE:PD) Can Stay On Top Of Its Debt
Jun 05Is Precision Drilling Corporation (TSE:PD) Trading At A 49% Discount?
Apr 04Investors Continue Waiting On Sidelines For Precision Drilling Corporation (TSE:PD)
Mar 20Investors Shouldn't Be Too Comfortable With Precision Drilling's (TSE:PD) Earnings
Feb 13We Think Precision Drilling (TSE:PD) Is Taking Some Risk With Its Debt
Sep 13We Think Precision Drilling (TSE:PD) Is Taking Some Risk With Its Debt
Jun 08Precision Drilling's (TSE:PD) Promising Earnings May Rest On Soft Foundations
May 04Precision Drilling (TSE:PD) Has A Somewhat Strained Balance Sheet
Feb 23Is Precision Drilling (TSE:PD) Using Debt In A Risky Way?
Oct 23Health Check: How Prudently Does Precision Drilling (TSE:PD) Use Debt?
Jul 06Is Precision Drilling (TSE:PD) Weighed On By Its Debt Load?
Mar 21Health Check: How Prudently Does Precision Drilling (TSE:PD) Use Debt?
Jun 30Shareholders Will Probably Hold Off On Increasing Precision Drilling Corporation's (TSE:PD) CEO Compensation For The Time Being
May 07Is Precision Drilling (TSE:PD) Using Debt In A Risky Way?
Mar 19Are Institutions Heavily Invested In Precision Drilling Corporation's (TSE:PD) Shares?
Jan 25CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | CA$243m |
| Jun 30 2024 | n/a | n/a | CA$224m |
| Mar 31 2024 | n/a | n/a | CA$230m |
| Dec 31 2023 | CA$7m | CA$1m | CA$289m |
| Sep 30 2023 | n/a | n/a | CA$146m |
| Jun 30 2023 | n/a | n/a | CA$157m |
| Mar 31 2023 | n/a | n/a | CA$105m |
| Dec 31 2022 | CA$6m | CA$1m | -CA$34m |
| Sep 30 2022 | n/a | n/a | -CA$65m |
| Jun 30 2022 | n/a | n/a | -CA$134m |
| Mar 31 2022 | n/a | n/a | -CA$185m |
| Dec 31 2021 | CA$5m | CA$998k | -CA$177m |
| Sep 30 2021 | n/a | n/a | -CA$188m |
| Jun 30 2021 | n/a | n/a | -CA$178m |
| Mar 31 2021 | n/a | n/a | -CA$151m |
| Dec 31 2020 | CA$6m | CA$957k | -CA$120m |
| Sep 30 2020 | n/a | n/a | -CA$84m |
| Jun 30 2020 | n/a | n/a | -CA$59m |
| Mar 31 2020 | n/a | n/a | -CA$24m |
| Dec 31 2019 | CA$7m | CA$1m | CA$7m |
| Sep 30 2019 | n/a | n/a | -CA$191m |
| Jun 30 2019 | n/a | n/a | -CA$218m |
| Mar 31 2019 | n/a | n/a | -CA$251m |
| Dec 31 2018 | CA$7m | CA$1m | -CA$294m |
| Sep 30 2018 | n/a | n/a | -CA$143m |
| Jun 30 2018 | n/a | n/a | -CA$139m |
| Mar 31 2018 | n/a | n/a | -CA$127m |
| Dec 31 2017 | CA$6m | CA$976k | -CA$132m |
Compensation vs Market: Kevin's total compensation ($USD4.67M) is above average for companies of similar size in the Canadian market ($USD1.83M).
Compensation vs Earnings: Kevin's compensation has been consistent with company performance over the past year.
CEO
Kevin Neveu (63 yo)
17.9yrs
Tenure
CA$6,724,358
Compensation
Mr. Kevin A. Neveu B.Sc, P.Eng, has been the Chief Executive Officer and President of Precision Drilling Corporation, the Administrator of Precision Drilling Trust since January 2007. Mr. Neveu served as t...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 17.9yrs | CA$6.72m | 1.96% CA$ 23.1m | |
| Chief Financial Officer | 8.7yrs | CA$2.92m | 0.31% CA$ 3.6m | |
| Chief Technology Officer | 6.4yrs | CA$2.06m | 0.25% CA$ 3.0m | |
| Chief Legal & Compliance Officer | 8.6yrs | CA$2.04m | 0.28% CA$ 3.3m | |
| President of North American Drilling | 1.9yrs | CA$2.51m | 0.40% CA$ 4.7m | |
| Chief Administrative Officer | 6.4yrs | CA$1.41m | no data | |
| Director of Investor Relations | no data | no data | no data | |
| Manager of Investor Relations & Corporate Development | no data | no data | no data | |
| Senior Vice President of North American Drilling Operation | 17.9yrs | CA$1.39m | no data | |
| Senior Vice President of Global Operations Excellence | 5.4yrs | no data | no data | |
| Consultant | 7.9yrs | CA$1.68m | no data |
7.9yrs
Average Tenure
63yo
Average Age
Experienced Management: PD's management team is seasoned and experienced (7.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 17.3yrs | CA$6.72m | 1.96% CA$ 23.1m | |
| Independent Chairman of the Board | 9.6yrs | CA$398.13k | 0.016% CA$ 189.0k | |
| Independent Director | 16yrs | CA$283.42k | 0.049% CA$ 575.3k | |
| Independent Director | 6.3yrs | CA$271.27k | 0.0072% CA$ 84.3k | |
| Independent Director | 13.3yrs | CA$283.42k | 0.025% CA$ 291.7k | |
| Independent Director | 7.3yrs | CA$283.42k | 0.023% CA$ 270.2k | |
| Independent Director | 2.2yrs | CA$263.17k | 0.020% CA$ 232.3k | |
| Director | less than a year | no data | no data |
8.4yrs
Average Tenure
65.5yo
Average Age
Experienced Board: PD's board of directors are considered experienced (8.4 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 03:28 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Precision Drilling Corporation is covered by 44 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Waqar Syed | ATB Capital Markets |
| Tim Monachello | ATB Capital Markets |
| Sean Meakim | Barclays |