Arabian Drilling Company (TADAWUL:2381)
Saudi Arabia · Delayed Price · Currency is SAR | Market Cap | 8.00B +8.4% |
| Revenue (ttm) | 3.34B -6.2% |
| Net Income | -143.39M |
| EPS | -1.61 |
| Shares Out | 89.00M |
| PE Ratio | n/a |
| Forward PE | 46.26 |
| Dividend | 2.70 (3.00%) |
| Ex-Dividend Date | n/a |
| Volume | 92,183 |
| Open | 89.70 |
| Previous Close | 89.60 |
| Day's Range | 88.80 - 90.50 |
| 52-Week Range | 72.00 - 107.00 |
| Beta | 0.61 |
| Analysts | Buy |
| Price Target | 97.06 (+7.96%) |
| Earnings Date | Jul 29, 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 97.06, which is an increase of 7.96% from the latest price.
News
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 and EBITDA declined in 2025 due to lower offshore and land activity, but backlog hit a record SAR 12.4 billion. Offshore utilization is set to reach 100% in Q2 2026, with margin recovery expected as more rigs return to service.
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 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.
Arabian Drilling Company Earnings Call Transcript: Q2 2025
H1 2025 saw revenue and EBITDA declines due to rig suspensions, with land segment growth offsetting some losses. SAR 2.4 billion in new backlog and the first international contract were secured, but dividend payments are paused for 2025 as market conditions remain challenging.
Arabian Drilling Company Quarterly report: Q2 2025
Arabian Drilling Company has published its Q2 2025 quarterly earnings report on July 31, 2025.
Arabian Drilling Company Slides: Q2 2025
Arabian Drilling Company has posted slides in relation to its Q2 2025 quarterly earnings report, which was published on July 31, 2025.