Pason Systems Inc
TSX:PSI

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Pason Systems Inc
TSX:PSI
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Price: 12.8 CAD -0.31%
Market Cap: 1B CAD

Pason Systems Inc
Investor Relations

Pason Systems, Inc. engages in the design and production of instrumentation and data management systems for drilling rigs. The company is headquartered in Calgary, Alberta. The firm's three strategic business units include The North American (Canada and the United States) and International (Latin America, including Mexico, Offshore, the Eastern Hemisphere, and the Middle East) business units, all of which offer technology services to the oil and gas industry, and the Solar and Energy Storage business unit, which provides technology services to solar and energy storage developers. The firm's solutions include data acquisition, wellsite reporting, automation, remote communications, Web-based information management, and data analytics enable collaboration between the drilling rig and the office. The company offers end-to-end data management solutions enabling secure access to critical drilling operations information and decision making in real time.

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PSI
S&P TSX Composite Index (Canada)

Earnings Calls

2025 Q1
May 2, 2025
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Pason Systems Reports Growth Amidst Market Challenges
2025 Q1
May 2, 2025

In Q1 2025, Pason Systems demonstrated resilience with revenues of $113.2 million, an 8% increase from the previous year. North American drilling revenue rose 3%, propelled by a 7% hike in revenue per industry day to $1,067. Meanwhile, Pason's completions segment thrived, with a remarkable 25% revenue jump, reaching $16 million. Adjusted EBITDA climbed 7% to $45.2 million, maintaining a strong margin of 39.9%. Pason plans approximately $65 million in capital expenditures for 2025 while sustaining a quarterly dividend of $0.13 per share and continues its proactive share repurchase strategy, positioning itself well for future growth.

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Management

Mr. Jon Faber C.F.A., CPA, CBV
President, CEO & Non-Independent Director
No Bio Available
Ms. Celine Boston
Chief Financial Officer
No Bio Available
Mr. Bryce McLean
Vice President of Operations
No Bio Available
Mr. Lars Olesen
Vice President of Product & Technology
No Bio Available
Ms. Natalie Fenez
VP of Legal & Corporate Secretary
No Bio Available
Ms. Heather Hantos
Vice President of Human Resources
No Bio Available
Mr. Timur Kuru
President & GM of United States
No Bio Available
Mr. Ben Thomas
Director of Support Services - United States Business Unit
No Bio Available

Contacts

Address
ALBERTA
Calgary
6130 3 St SE
Contacts
+14033013401.0
www.pason.com