Archer Ltd
OSE:ARCH
Archer Ltd
Archer Ltd. engages in the provision of a variety of oilfield products and services. The firm's segments include Eastern Hemisphere and Western Hemisphere. The Eastern Hemisphere segment includes the Drilling Facilities Engineering and Platform Drilling business components, as well as Oiltools and International Wireline divisions. The Western Hemisphere comprises the AWC Frac Valves and Land Drilling business units, and its interests in Quintana Energy Services LP. The firm's drilling and workover services include platform drilling, land drilling, modular rigs, drilling fluids, solids control, engineering services, equipment rentals, survey and inspection services, as well as a range of support services and products. The firm's well services capabilities include production monitoring, well imaging, well integrity products and services, and wireline well intervention services. The company operates primarily in the North Sea, in Argentina, Bolivia, Norway, the United Kingdom and in the United States.
Archer Ltd. engages in the provision of a variety of oilfield products and services. The firm's segments include Eastern Hemisphere and Western Hemisphere. The Eastern Hemisphere segment includes the Drilling Facilities Engineering and Platform Drilling business components, as well as Oiltools and International Wireline divisions. The Western Hemisphere comprises the AWC Frac Valves and Land Drilling business units, and its interests in Quintana Energy Services LP. The firm's drilling and workover services include platform drilling, land drilling, modular rigs, drilling fluids, solids control, engineering services, equipment rentals, survey and inspection services, as well as a range of support services and products. The firm's well services capabilities include production monitoring, well imaging, well integrity products and services, and wireline well intervention services. The company operates primarily in the North Sea, in Argentina, Bolivia, Norway, the United Kingdom and in the United States.
Strong Revenue Growth: Archer reported Q2 revenue of $348.9 million, up 13% year-over-year, with growth in most business areas except Land Drilling.
EBITDA Performance: EBITDA reached $38 million, up 16% year-over-year, and adjusted EBITDA grew 30% to $41.7 million; margin improved to 11.9%.
Shareholder Returns: Archer continued its shareholder return program, distributing $5.5 million this quarter and confirming an 11% yield at current share price.
Guidance Maintained: Despite activity shifts in Argentina, Archer maintained its cash distribution commitment and expects EBITDA to increase by 8% to 15% in 2025.
Strategic Investments: The company invested in new P&A technologies and completed an acquisition to enhance service offerings, positioning for long-term growth.
Financial Flexibility: Liquidity remains strong at over $95 million, supported by successful bond refinancing and a robust capital structure.
