Bermuda’s Archer Q4 EBITDA up 14% y/y, plans higher shareholder distributions

Archer

02/02/2026 06:41

Overview

Bermuda oilfield services firm's Q4 EBITDA rose 14% yr/yr

Company completed acquisitions and won major contracts, enhancing market position

Company to transition to IFRS reporting from Q4 2025

Outlook

Archer expects single-digit EBITDA growth in 2026 over 2025

Company plans increased shareholder distributions in second half of 2026

Archer sees stronger activity in second half of 2026 as new projects start

Result Drivers

REFINANCING - Archer completed a USD 425 mln bond refinancing, extending debt maturity to 2030 and reducing cost of debt

CONTRACT WINS - Secured significant long-term P&A and drilling contracts, enhancing market position

ACQUISITIONS - Strategic acquisitions bolstered Archer's P&A capabilities and international reach

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EBITDA
$44.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas drilling peer group is "buy"

Wall Street's median 12-month price target for Archer Ltd is NOK35.00, about 38.1% above its January 30 closing price of NOK25.35

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nWkr8QnZlh

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)