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The latest update is out from Archer ( (ARHVF) ).
Archer Limited reported another strong quarter, driven by organic growth in Norwegian plug and abandonment solutions and new contract wins, while confirming a quarterly cash distribution that equates to roughly a 9% annualized yield for shareholders. First-quarter revenue reached $278.4 million and adjusted EBITDA $41.1 million, with margins improving and growth metrics significantly higher when excluding the recently divested workover business in Argentina.
Operationally, Archer secured major integrated P&A contracts with Equinor, a three-year wireline extension with ConocoPhillips Norway, and subsequent contract extensions and a geothermal drilling award that underpin a $3.4 billion backlog and solid earnings visibility. Despite near-term cash flow pressure from frontloaded growth investments, delayed variation order approvals, and offshore wind challenges, the company reiterated its 2026 guidance for single-digit EBITDA growth, signalling confidence in its project pipeline and reinforcing its strategic positioning in brownfield and late-life energy services.
More about Archer
Archer Limited is an oilfield services company focused on brownfield production support, plug and abandonment (P&A) solutions, and late-life activities in key markets such as Norway and other regions outside current conflict zones. The company provides drilling, well services, and intervention solutions, positioning itself to benefit from long-term energy security needs and demand for reliable production infrastructure.
Average Trading Volume: 173,703
Current Market Cap: NOK2.77B
For an in-depth examination of ARHVF stock, go to TipRanks’ Overview page.