Arabian Drilling Company (TADAWUL:2381)
Saudi Arabia
· Delayed Price · Currency is SAR | Market Cap | 7.85B |
| Revenue (ttm) | 3.43B |
| Net Income (ttm) | -75.25M |
| Shares Out | 89.00M |
| EPS (ttm) | -0.85 |
| PE Ratio | n/a |
| Forward PE | 26.01 |
| Dividend | 2.70 (3.07%) |
| Ex-Dividend Date | n/a |
| Volume | 114,347 |
| Average Volume | 241,515 |
| Open | 87.60 |
| Previous Close | 88.00 |
| Day's Range | 87.05 - 88.95 |
| 52-Week Range | 72.00 - 107.00 |
| Beta | 0.64 |
| RSI | 55.32 |
| Earnings Date | May 10, 2026 |
About Arabian Drilling Company
Arabian Drilling Company operates as an onshore and offshore gas and oil rig drilling company in Saudi Arabia. The company’s services include the supply of drilling services in shallow and deep waters and on land for the exploration and production of oil and natural gas, as well as well intervention and testing, rig move, mobilisation, manpower, and other services. Arabian Drilling Company was founded in 1964 and is based in Al Khobar, Saudi Arabia. [Read more]
Financial Performance
Financial StatementsNews
Arabian Drilling Company Earnings Call Transcript: Q4 2025
Revenue and EBITDA declined in 2025 due to lower offshore and land activity, but backlog hit a record SAR 12.4 billion. Offshore utilization is set to reach 100% in Q2 2026, with margin recovery expected as more rigs return to service.
Arabian Drilling Company Earnings Call Transcript: Q3 2025
Revenue declined 5.8% year-over-year to SAR 2.6 billion, with EBITDA margin holding at 35.1% despite lower rig utilization. Backlog rose 6.8% to nearly SAR 11 billion, and five rigs are set for reactivation in Q1 2026, supporting a projected utilization recovery and margin improvement.
Arabian Drilling Company Earnings Call Transcript: Q2 2025
H1 2025 saw revenue and EBITDA declines due to rig suspensions, with land segment growth offsetting some losses. SAR 2.4 billion in new backlog and the first international contract were secured, but dividend payments are paused for 2025 as market conditions remain challenging.
Arabian Drilling Company Earnings Call Transcript: Q1 2025
Q1 2025 saw revenue and net income growth, strong EBITDA margins, and major contract wins, but management expects a 10% revenue dip in Q2 and lower margins due to market normalization and rig suspensions. CapEx guidance was reduced, with activity expected to rebound in 2026.
Arabian Drilling Company Earnings Call Transcript: Q4 2024
Record revenue and EBITDA were achieved in 2024, with strong cash flow and a robust backlog despite market uncertainty. The company expanded its fleet, maintained margins, and is focusing on redeploying suspended rigs and international growth, with 2025 guidance shifting to a quarterly basis.
Arabian Drilling Company Earnings Call Transcript: Q3 2024
Q3 2024 saw resilient EBITDA margins despite offshore rig suspensions, with year-on-year revenue and EBITDA growth driven by unconventional land rig deployment. CapEx remained high, leverage increased, and the outlook is strong for unconventional rigs, while offshore and conventional face short-term challenges.
Arabian Drilling Company Earnings Call Transcript: Q2 2024
H1 2024 saw strong revenue and EBITDA growth year-on-year, despite offshore rig suspensions impacting utilization and segment mix. CapEx surged for unconventional rig expansion, with full deployment of 13 rigs expected by year-end. Margins are forecast to contract but remain healthy.