Education
About Us
Working with TipRanks
Follow Us
Shelf Drilling Ltd. (SHLLF)
OTHER OTC:SHLLF
Earnings Data
Report Date
May 14, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.02Last Year’s EPS
0.07Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Mar 03, 2025
|% Change Since: -5.56%
|Next Earnings Date:May 14, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong operational performance, new contracts, and strategic alliances, along with improved financial metrics and safety achievements. However, challenges such as increased incident rates, rig suspensions in Saudi Arabia, and decreased cash reserves presented notable concerns.Company Guidance
During the Shelf Drilling Fourth Quarter 2024 Earnings Conference Call, the company provided guidance for 2025, projecting an adjusted EBITDA range of $330 million to $380 million. It was noted that the Shelf Drilling North Sea (SDNS) segment is expected to contribute between $85 million and $100 million to this total, with improved revenue and utilization anticipated in the second half of 2025. The company's contract backlog as of December 31, 2024, stood at $2.1 billion, with $300 million attributed to SDNS and $1.8 billion to the rest of the business. Capital expenditures for 2025 are estimated between $110 million and $140 million, including $25 million to $30 million for SDNS. The company also highlighted a strategic alliance with Arabian Drilling Company to deploy premium rigs in West Africa and Southeast Asia, aiming to leverage strong regional demand. Additionally, Shelf Drilling plans to sell two to three rigs in 2025 for non-drilling purposes, generating cost savings and cash flow.Strong Operational Performance
Fleet wide uptime reached 99.3%, with notable performance in the Saudi division where High Island V and High Island IX had zero downtime.
New Contracts and Strategic Alliances
Shelf Drilling secured $900 million in new contract awards in 2024 at an average day rate of $129,000, including a strategic alliance with Arabian Drilling Company for premium rigs deployment.
Improved Financial Metrics
Q4 2024 adjusted EBITDA was $85 million, a 23% increase over the previous quarter (excluding one-time revenue), with improved revenue in Nigeria and Norway.
Safety and Incident-Free Operations
28 rigs operated without a recordable incident in 2024, including the entire Saudi and India divisions, demonstrating progress toward incident-free operations.
Contract Backlog
Contract backlog at year-end was $2.1 billion across 31 rigs, indicating strong future revenue potential.
Insurance Claim Recovery
Collected $48 million out of a $50 million insurance claim for Trident VIII, with the remaining expected in the first half of 2025.
---
SHLLF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
SHLLF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 03, 2025 | $0.72 | $0.73 | +1.39% |
| Nov 13, 2024 | $1.28 | $1.27 | -0.78% |
| Aug 14, 2024 | $1.82 | $1.88 | +3.30% |
| May 15, 2024 | $2.01 | $1.95 | -2.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Shelf Drilling Ltd. (SHLLF) report earnings?
Shelf Drilling Ltd. (SHLLF) is schdueled to report earning on May 14, 2025, TBA Not Confirmed.
What is Shelf Drilling Ltd. (SHLLF) earnings time?
Shelf Drilling Ltd. (SHLLF) earnings time is at May 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SHLLF EPS forecast?
SHLLF EPS forecast for the fiscal quarter 2025 (Q1) is 0.02.
---