Norway's Dolphin Drilling Q4 revenue on high rig utilization

Dolphin Drilling AS

27/02/2026 06:39

Overview

Norway drilling firm's preliminary Q4 revenue rose to $47 mln from $37.7 mln in Q3

Preliminary Q4 EBITDA improved to $8.2 mln from a $4.7 mln loss in Q3

Company secured $100 mln in new contracts, including $60 mln with Repsol

Outlook

Company did not provide specific guidance for future quarters or years

Result Drivers

RIG UTILIZATION - High rig uptime for Paul B. Loyd, Jr at 98.9% and Blackford Dolphin at 92.1% supported revenue growth

NEW CONTRACTS - Secured $100 mln in new contracts, including $60 mln with Repsol and $40 mln extension with Oil India

Company press release: ID:nMFN72tZdC

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
$47.0 mln
Q4 EBITDA
$8.20 mln


Analyst Coverage

The one available analyst rating on the shares is "hold"

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

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 0 three months ago

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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.)