Precision Drilling Corp (USA) (NYSE:PDS) has released its earnings report for the first quarter of 2015.

Precision Drilling Corp reported earnings per share of 8 cents, or $24 million, for Q1 2015. This is down from the 35 cents per share reported during the same time last year. However, it did beat analysts’ estimate of 4 cents per share.

For the first quarter of 2015, Precision Drilling Corp posted revenue of $512 million. This is down 24% from the first quarter of 2014’s revenue. Despite this, the company beat analysts’ estimates, which were set at about $491 million.

Precision Drilling Corp’s board of directors has approved a dividend on the company’s common stock for investors that are on file as of May 15, 2015. The dividend will be 7 cents and is payable on May 29, 2015.

PDS shares were up 2% as of Noon Monday.

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