Norway · Delayed Price · Currency is NOK Archer Earnings Call Transcripts
Fiscal Year 2025
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Revenue grew 8% to $1.2 billion in 2025, with EBITDA up 12% and a $3.6 billion contract backlog. Strategic divestments and major contract wins position the business for single-digit EBITDA growth and margin expansion in 2026.
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Q3 revenue rose 1% year-over-year to $339.3 million, with EBITDA up 10% and adjusted EBITDA up 11%. The acquisition of Premium Oilfield Services is expected to boost EBITDA by 5% and cash contribution by up to 10%. Shareholder returns remain strong, yielding up to 11%.
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Q2 revenue rose 13% year-over-year to $348.9 million, with EBITDA up 16% and adjusted EBITDA up 30%. Strong performance in Well Services and Renewables offset Land Drilling weakness in Argentina. Quarterly shareholder distributions continue at an 11% yield.
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Q1 2025 saw 11% revenue and 9% EBITDA growth year-over-year, initiation of an 11% yield dividend, and major contract wins in P&A and well services. Guidance for EBITDA growth is maintained despite lower revenue from Argentina, with strong cash flow and resilient margins.
Fiscal Year 2024
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Record Q3 EBITDA and strong revenue growth were driven by operational efficiency and strategic acquisitions. The WFR acquisition, funded by an oversubscribed $50 million equity raise, is expected to deliver significant synergies and accelerate deleveraging.
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Q2 2024 saw 5% revenue and 9% EBITDA growth year-over-year, with strong backlog and continued deleveraging. Strategic acquisitions in Argentina, offshore wind, and geothermal drilling are set to boost future growth and diversify offerings.