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Shelf Drilling Ltd. (SHLLF)
OTHER OTC:SHLLF
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Earnings Data
Report Date
Mar 10, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
>-0.01Last Year’s EPS
-0.05Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2018
|% Change Since: -29.69%
|Next Earnings Date:Aug 14, 2018
Earnings Call Sentiment|Neutral
The earnings call reflected a challenging environment with notable operational achievements and strategic transactions. However, significant challenges such as rig suspensions in Saudi Arabia and safety incidents have negatively impacted financial performance. Despite strong contract wins, the outlook remains cautious due to market uncertainties.Company Guidance
During the Shelf Drilling Q3 2024 Earnings Call, Gregory Brien and Douglas Stewart provided detailed guidance and performance metrics for the company. The adjusted revenue for Q3 was reported at $265 million, with a $34 million increase from the previous quarter, primarily due to a $45 million one-time acceleration of mobilization revenue related to rig suspensions in Saudi Arabia. The adjusted EBITDA surged to $114 million from $71 million, reflecting a 43% margin. The company's backlog stood at $2 billion across 32 rigs, including $650 million for suspended rigs in Saudi Arabia. For full-year 2024, adjusted EBITDA is estimated between $320 million and $345 million, with capital expenditures anticipated between $140 million and $160 million. The company also highlighted its strategic moves, including the successful integration of Shelf Drilling North Sea, and emphasized ongoing challenges, such as the suspension of rigs by Saudi Aramco, which impacted financial results.Strong Operational Performance
Year-to-date uptime across the fleet remained at 99.4%, demonstrating consistent execution and outstanding service delivery.
Successful Mergers and Transactions
Shelf Drilling North Sea is now a wholly-owned subsidiary, enhancing fleet composition and simplifying capital structure. Sale of the Baltic for $60 million and receipt of $50 million for the Trident VIII insurance claim.
Significant Contract Wins
Secured contracts in Nigeria and Thailand adding over $400 million in backlog, including a $234 million contract for the Shelf Drilling Achiever.
Improved Financial Metrics
Q3 2024 adjusted EBITDA increased to $114 million from $71 million in the prior quarter. Adjusted revenue increased by 15% relative to Q2 2024.
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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
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SHLLF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| 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% |
| Mar 04, 2024 | $2.60 | $2.44 | -6.15% |
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.
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FAQ
When does Shelf Drilling Ltd. (SHLLF) report earnings?
Shelf Drilling Ltd. (SHLLF) is schdueled to report earning on Mar 10, 2025, TBA Not Confirmed.
What is Shelf Drilling Ltd. (SHLLF) earnings time?
Shelf Drilling Ltd. (SHLLF) earnings time is at Mar 10, 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 2024 (Q4) is >-0.01.
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