OverviewSuggest Edit
Parker Drilling (NYSE:PKD) provides advanced drilling solutions to the energy industry. We are a technically innovative company providing worldwide drilling services, rental tools and project management, including rig design, construction and operations management.
Parker's international fleet includes 21 land rigs and one offshore barge rig, and it's U.S. fleet includes 13 barge rigs in the U.S. Gulf of Mexico and two land rigs in Alaska. Parker's rental tools business supplies premium equipment to operators on land and offshore in the U.S. and select international markets. Parker's project management business includes multiple contracts for the design, construction or operation of customer-owned rigs, including operation of extended-reach-drilling land rigs (also designed and built by Parker) and an offshore drilling platform.
Founded in 1934, Parker has set numerous world records for deep and extended-reach drilling and is an industry leader in safety performance. We leverage our technical and safety leadership, cultivated through decades of project execution in new and emerging global markets, to enhance the efficiencies of our customers' drilling programs.
| Type | Public | |
| Founded | 1934 | |
| HQ | Houston, US | Map |
| Website | parkerdrilling.com | |
| Employee Ratings | More |
Key People/Management at Parker Drilling
Gary G. Rich
Michael W. Sumruld
Jon-Al Duplantier
Bryan R. Collins
Jennifer F. Simons
Parker Drilling Office Locations
Parker Drilling Financials and Metrics
Parker Drilling Revenue
| USD | |
|---|---|
Revenue (Q2, 2018) | 228.3m |
Net income (Q2, 2018) | (51.7m) |
Market capitalization (17-Sep-2019) | 307.8m |
Closing stock price (17-Sep-2019) | 20.5 |
Cash (31-Dec-2018) | 48.6m |
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q1, 2017 | Q2, 2017 | Q1, 2018 | Q2, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 237.8m | 229.2m | 254.2m | 242.0m | 185.9m | 173.4m | 130.5m | 98.3m | 109.6m | 109.7m | 228.3m |
General and administrative expense | 6.5m | 6.2m | 14.5m | ||||||||
Operating expense total | 189.6m | 200.4m | 210.7m | 196.9m | 181.9m | 168.5m | 143.9m | 118.0m | 120.6m | 120.1m | 238.9m |
Depreciation and amortization | 35.9m | 34.3m | 36.2m | 36.1m | 38.4m | 39.6m | 35.8m | 32.2m | 31.0m | 28.5m | 55.7m |
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q1, 2017 | Q2, 2017 | Q1, 2018 | Q2, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 162.5m | 93.1m | 86.4m | 78.3m | 116.9m | 104.7m | 108.4m | 149.7m | 146.2m | 118.3m | 114.5m |
Current Assets | 526.2m | 465.1m | 459.6m | 445.4m | 443.9m | 401.6m | 344.8m | 325.9m | 327.3m | 297.3m | 292.7m |
PP&E | 776.9m | 676.9m | 667.0m | 610.7m | 602.1m | ||||||
Goodwill | 6.7m | 6.7m | 6.7m | 6.7m | 6.7m | 6.7m | 6.7m |
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q1, 2017 | Q2, 2017 | Q1, 2018 | Q2, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 17.1m | (12.4m) | 3.4m | 16.3m | (10.2m) | (58.6m) | (95.8m) | (39.8m) | (69.7m) | (28.8m) | (51.7m) |
Depreciation and Amortization | 97.7m | 34.3m | 70.5m | 106.7m | 78.9m | 118.5m | 35.8m | 32.2m | 63.2m | 28.5m | 55.7m |
Accounts Payable | 14.8m | (15.8m) | (14.4m) | (15.9m) | (8.2m) | (18.0m) | (6.0m) | ||||
Cash From Operating Activities | 125.3m | 31.6m | 103.6m | 144.4m | 103.1m | 108.9m | (15.3m) | (27.6m) | (17.6m) | (12.2m) | 8.0m |
| USD | Y, 2018 |
|---|---|
Financial Leverage | 6.5 x |
Parker Drilling Online and Social Media Presence
Parker Drilling's Trends
Parker Drilling News and Updates
Parker Drilling v. Newton and the Uncertainties of Wage-Hour Law
Parker Drilling Reports 2019 First Quarter Results
Parker Drilling Announces First Quarter 2019 Earnings Release and Conference Call Schedule
Parker Drilling Successfully Completes Restructuring Process
Parker Drilling Plan of Reorganization Confirmed by Court
Parker Drilling Announces Move to OTC Pink Marketplace
Parker Drilling Blogs
Parker Drilling Announces Second Quarter 2018 Earnings Release and Conference Call Schedule
Parker Drilling Implements Reverse Stock Split and Adopts Short-Term Shareholder Rights Plan
Parker Drilling Frequently Asked Questions
When was Parker Drilling founded?
Parker Drilling was founded in 1934.
Who are Parker Drilling key executives?
Parker Drilling's key executives are Gary G. Rich, Michael W. Sumruld and Jon-Al Duplantier.
How many employees does Parker Drilling have?
Parker Drilling has 2,425 employees.
What is Parker Drilling revenue?
Latest Parker Drilling annual revenue is $442.5 m.
What is Parker Drilling revenue per employee?
Latest Parker Drilling revenue per employee is $182.5 k.
Who are Parker Drilling competitors?
Competitors of Parker Drilling include Enable Midstream Partners, Soco International and Igas Energy.
Where is Parker Drilling headquarters?
Parker Drilling headquarters is located at 5 Greenway Plaza #100, Houston.
Where are Parker Drilling offices?
Parker Drilling has offices in Houston, Evanston, Victoria, New Iberia and in 25 other locations.
How many offices does Parker Drilling have?
Parker Drilling has 33 offices.
Learn about Craft real-time company insights
Receive alerts for 300+ data fields across thousands of companies