Parker Drilling Company (PKD) reported a fourth-quarter net loss to controlling interest of $20.10 million or $0.17 per share compared to a loss of $90.18 million or $0.77 per share prior year. Results for the period included $16.3 million, pre-tax, of non-routine expenses primarily related to the previously disclosed proposed settlement of U.S. Department of Justice and Securities and Exchange Commission investigations. Excluding the effects of non-routine items, the company reported a net loss of $4.0 million or $0.03 per share. Revenues decreased to $157.19 million from $181.07 million last year.
The company's prior-year quarter results were negatively impacted by impairment and other charges of $170 million, which were partially offset by a tax benefit of $48.11 million.
On average, seven analysts polled by Thomson Reuters expected the company to report profit of $0.03 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $151.90 million for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.