Archer Ltd

ARCH

Equity

ISIN BMG0451H2087 / Valor 135047301

Oslo Stock Exchange (2026-09-18)

NOK 22.70-0.87%

Archer Ltd
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About company

Archer Ltd is a global provider of drilling and well services to the energy industry, with a heritage that spans over five decades. The company employs around 5,000 individuals worldwide and operates in more than 40 countries. Archer Ltd is known for delivering sustainable, high-quality services and innovative technology solutions aimed at optimizing energy production for its customers. The firm's extensive experience and global footprint make it a significant player in the energy sector, focusing on enhancing the efficiency and safety of energy extraction and production processes. While the company's efforts in environmental, social, and governance (ESG) initiatives are noted, its core business revolves around supporting the operational needs of energy companies through its specialized services and technological expertise.

Summarized from source with an LLMView SourceSector: Energy

Key financials

Revenue of $348.9 million; EBITDA $38.0 million; Adjusted EBITDA $41.7 million — all showing YoY growth (13%, 16% and 30% respectively).

Shareholder distributions

Quarterly cash distribution of $5.5 million was confirmed (equating to an annualized yield of ~11%). A second quarterly cash distribution of USD 5.5 million was also noted as a subsequent event.

Contracts and backlog

Awarded a $150 million late‑life/P&A contract by Repsol (UK) and renewed a $210 million pulling and workover contract with PAE in Argentina. Additional late‑life/P&A and subsea P&A projects with Repsol and Equinor are set to commence in H1 2026.

Acquisition

Acquired WellConnection Norway AS, an integrated provider for inspection, maintenance and repair of drill pipes and related equipment.

Outlook and guidance

Reestablished 2025 guidance: revenue growth 2–4% and EBITDA growth 8–15% vs 2024. Capex expected at ~4% of revenue (including ~ $10 million for light P&A units). Adjusted EBITDA guidance remains in line with $155–170 million. Company states guidance does not impact dividend capacity.

Argentina market impact

Main clients in Argentina are prioritizing export infrastructure investment, temporarily slowing drilling/completions. Archer now expects land drilling revenue to be ~ $100 million lower and EBITDA to be ~$10–12 million lower than prior guidance, but anticipates a positive net cash‑flow impact from reduced maintenance capex, improved working capital and equipment sales, with a rebound expected in Vaca Muerta in 2026.

Management and next steps

CEO Mr. Skindlo emphasized strategic focus on late‑life and P&A and strong cash conversion. A conference call was scheduled for August 14, 2025 at 09:00 CEST; investor contacts and dial‑in/webcast details were provided in the report.

Summarized from source with an LLMView Source

Key figures

-9.20%1Y

0.89%3Y

-76.7%5Y

Performance

30.5%1Y

40.5%3Y

70.6%5Y

Volatility