Arabian Drilling Company (TADAWUL:2381)
| Market Cap | 7.75B +18.1% |
| Revenue (ttm) | 3.25B -6.9% |
| Net Income | -182.38M |
| EPS | -2.05 |
| Shares Out | 89.00M |
| PE Ratio | n/a |
| Forward PE | 24.35 |
| Dividend | 2.70 (3.05%) |
| Ex-Dividend Date | n/a |
| Volume | 67,559 |
| Open | 88.65 |
| Previous Close | 89.25 |
| Day's Range | 88.65 - 88.65 |
| 52-Week Range | 72.15 - 107.00 |
| Beta | 0.62 |
| Analysts | Buy |
| Price Target | 98.56 (+11.18%) |
| Earnings Date | Aug 10, 2026 |
About Arabian Drilling Company
Arabian Drilling Company operates as an onshore and offshore gas and oil rig drilling company in Saudi Arabia. The company’s services include the supply of drilling services in shallow and deep waters and on land for the exploration and production of oil and natural gas, as well as well intervention and testing, rig move, mobilisation, manpower, and other services. Arabian Drilling Company was founded in 1964 and is based in Al Khobar, Saudi Arabia. [Read more]
Financial Performance
Financial StatementsAnalyst Summary
According to 12 analysts, the average rating for 2381 stock is "Buy." The 12-month stock price target is SAR 98.56, which is an increase of 11.18% from the latest price.
News
Arabian Drilling Company Earnings Call Transcript: Q2 2026
Q2 2026 saw a net loss due to low offshore activity, but revenue outperformed guidance and cost optimization supported margins. Backlog grew 7% year-on-year, and management expects utilization and revenue to recover in H2, with a focus on growth and international expansion.
Arabian Drilling Company Earnings release: Q2 2026
Arabian Drilling Company released its Q2 2026 earnings on August 11, 2026, summarizing the period's financial results.
Arabian Drilling Company Quarterly report: Q2 2026
Arabian Drilling Company has published its Q2 2026 quarterly earnings report on August 11, 2026.
Arabian Drilling Company Slides: Q2 2026
Arabian Drilling Company has posted slides in relation to its Q2 2026 quarterly earnings report, which was published on August 11, 2026.
Arabian Drilling Company Earnings Call Transcript: Q1 2026
Q1 2026 saw stable revenue, improved EBITDA, and a return to positive net income, despite year-over-year declines due to lower rig move activity and land utilization. Backlog hit a record SAR 12.5 billion, while cost optimization and refinancing initiatives are underway.
Arabian Drilling Company Earnings release: Q1 2026
Arabian Drilling Company released its Q1 2026 earnings on May 11, 2026, summarizing the period's financial results.
Arabian Drilling Company Slides: Q1 2026
Arabian Drilling Company has posted slides in relation to its Q1 2026 quarterly earnings report, which was published on May 11, 2026.
Arabian Drilling Company Quarterly report: Q1 2026
Arabian Drilling Company has published its Q1 2026 quarterly earnings report on May 11, 2026.
Arabian Drilling Company Earnings Call Transcript: Q4 2025
Revenue for 2025 declined 5.1% to SAR 3.4 billion, with EBITDA down 17.8% and adjusted net income falling sharply. Backlog hit a record SAR 12.4 billion, and offshore utilization is set to reach 100% in Q2 2026. No dividends will be paid for 2025 to support expansion.
Arabian Drilling Company Earnings release: Q4 2025
Arabian Drilling Company released its Q4 2025 earnings on March 2, 2026, summarizing the period's financial results.
Arabian Drilling Company Slides: Q4 2025
Arabian Drilling Company has posted slides in relation to its Q4 2025 quarterly earnings report, which was published on March 2, 2026.
Arabian Drilling Company Annual report: Q4 2025
Arabian Drilling Company has published its Q4 2025 annual report on March 2, 2026.
Arabian Drilling Company Earnings Call Transcript: Q3 2025
Revenue declined 5.8% year-over-year to SAR 2.6 billion, with EBITDA margin holding at 35.1% despite lower rig utilization. Backlog rose 6.8% to nearly SAR 11 billion, and five rigs are set for reactivation in Q1 2026, supporting a projected utilization recovery and margin improvement.
Arabian Drilling Company Quarterly report: Q3 2025
Arabian Drilling Company has published its Q3 2025 quarterly earnings report on November 3, 2025.
Arabian Drilling Company Slides: Q3 2025
Arabian Drilling Company has posted slides in relation to its Q3 2025 quarterly earnings report, which was published on November 3, 2025.