Odfjell Drilling Ltd
ODL
ISIN BMG671801022 / Valor 22371840
Odfjell Drilling Ltd
UMushroom community rating:
About company
Odfjell Drilling Ltd is a leading international drilling, well service, and engineering company, primarily serving the offshore oil and gas industry. The company operates a fleet of advanced drilling units, including semi-submersibles and drillships, and provides comprehensive drilling services to major oil companies worldwide. Additionally, Odfjell Drilling offers well services and engineering solutions, leveraging its extensive industry experience and technical expertise to deliver efficient and safe operations. The corporate management team is composed of professionals with a diverse range of skills and significant industry experience, ensuring the company maintains its competitive edge in the global market.
Summarized from source with an LLMView SourceSector: EnergyLatest Results (16.10.2025):
Odfjell Drilling Ltd has reported its financial results for the second quarter of 2025, demonstrating strong performance with record-breaking revenue, EBITDA, net profit, and dividends. The company has successfully completed its SPS programs on time and within budget, enhanced shareholder returns, and strengthened its balance sheet.
Record Financial Performance
In Q2 2025, Odfjell Drilling Ltd achieved a revenue of USD 219 million, EBITDA of USD 108 million, and a net profit of USD 42 million. The company maintained a 92% financial utilisation rate, reflecting minimal downtime due to SPS on Deepsea Aberdeen.
Enhanced Shareholder Returns
The dividend was increased to 18 cents per share from 16 cents, resulting in a total Q2 dividend payout of USD 43.2 million. With the fleet secured at higher day rates, Odfjell Drilling Ltd is well-positioned to continue increasing shareholder distributions.
Completion of SPS Programs
Both Deepsea Aberdeen and Deepsea Stavanger SPS projects were completed on budget and on schedule. The next SPS project, Deepsea Nordkapp, is planned for late 2028.
Upgraded Credit Rating
Moody’s has upgraded Odfjell Drilling Ltd’s credit rating to B1, reflecting improved earnings visibility, reduced capital spending, and ongoing debt amortisation.
Strengthened Balance Sheet
The company boasts a leverage ratio of 1.3x, an equity ratio of 64%, and available liquidity of USD 217 million, underscoring its financial robustness.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1929 M
Market cap (USD)
344,820
Daily traded volume (Shares)
51.7 / 50.1
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
EQUITIES OF THE SAME SECTOR
