Q1 2026 Archer Ltd Earnings Call Transcript

May 19, 2026 / 07:00 AM GMT

Transcript

Key Points

Positve

Archer Ltd (ARHVF) reported a 15% year-over-year increase in revenue, excluding divested operations.
The company achieved an EBITDA margin improvement to 13.4%, up from 12.5% in the same quarter last year.
Archer Ltd (ARHVF) secured new contracts and extensions, including significant agreements with Equinor and ConocoPhillips.
The company continued its shareholder return program, distributing $6.4 million in Q1 and approving $6.6 million for Q2.
Archer Ltd (ARHVF) maintained a strong backlog of $4 billion, providing visibility and stability in future operations.

Negative

Reported revenue was down 7% year-on-year due to the divestment of the Argentina work-over business.
The company experienced a decline in revenue from land drilling in Argentina, down 24% from the previous quarter.
Operational challenges included down-manning by 200 employees in Brazil due to the cessation of a long-term contract.
The floating offshore wind substructure project faced delays and higher-than-planned costs.
Cash flow was impacted by seasonal working capital build-up and timing of semi-annual interest payments.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ARCHA.OL - Archer Ltd
Q1 2026 Archer Ltd Earnings Call
May 19, 2026 / 07:00AM GMT

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Presentation
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Unidentified_1 [1]
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Hello, everyone. Thank you for attending today's Archer First Quarter 2026 Earnings Release Call. My name's Ken, and I'll be your moderator today. All lines will be muted during the presentation portion of the call with an opportunity for questions and answers at the end. If you'd like to ask a question, please press *1 on your telephone keypad. I would now like to pass the call over to Dax Gindlow, the CEO of Archer to begin. Please go ahead.

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Unidentified_2 [2]
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Thank you, Kenneth.

Good morning, and thank you for joining Archer's first-quarter 2026 results

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