Showing 9 of 23
  • UAE Flag
    EARNINGS CALL INSIGHT
    06 Nov 2025
    ADNOC Drilling
    BUY
    AED 5.54
    AED 6.50
    +17.33%

    UAE Equity Research - ADNOC Drilling - Acquisition Insight

    ADNOC Drilling entered into an agreement to acquire an 80% stake in MB Petroleum Services (MBPS) for AED 749 Mn (USD 204 Mn), which is expected to close in 1H26, financed through its existing debt capacity,
  • UAE Flag
    FIRST LOOK NOTES
    30 Oct 2025
    ADNOC Drilling
    BUY
    AED 5.58
    AED 6.50
    +16.49%

    UAE Equity Research - ADNOC Drilling 3Q25 - First Look Note

    Revenue grew 22.8% YOY to USD 1,260 Mn in 3Q25, driven by strong growth across the Offshore and the OFS segment. As of September 2025, the Company operated a total fleet of 148 rigs, including 8 rigs in Oman and Kuwait that are part of the recently announced transaction with SLB.
  • UAE Flag
    EARNINGS CALL INSIGHT
    29 Oct 2025
    ADNOC Drilling
    ACCUMULATE
    AED 5.77
    AED 6.50
    +12.65%

    UAE Equity Research - ADNOC Drilling 3Q25 - Earnings Call Insight

    Net revenue grew strongly 22.8% YOY to USD 1,260 Mn in 3Q25, driven by the expansion of operations and the full operational impact of rigs commissioned in stages over the course of last year.
  • UAE Flag
    FIRST LOOK NOTES
    31 Jul 2025
    ADNOC Drilling
    ACCUMULATE
    AED 5.84
    AED 6.50
    +11.30%

    UAE Equity Research - ADNOC Drilling 2Q25 - First Look Note

    Revenue grew 27.9% YOY to USD 1,197 Mn in 2Q25, driven by strong growth across the Onshore and the OFS segment. The Company’s Unconventional operations generated USD 192 Mn in revenue during 2Q25.
  • UAE Flag
    EARNINGS CALL INSIGHT
    31 Jul 2025
    ADNOC Drilling
    ACCUMULATE
    AED 5.83
    AED 6.50
    +11.49%

    UAE Equity Research - ADNOC Drilling 2Q25 - Earnings Call Insight

    Net revenue grew strongly 27.9% YOY to USD 1,197 Mn in 2Q25, driven by growth across Onshore and Oilfield services (OFS) owing to the expansion of the operations. Onshore Segment revenue grew 16.2% YOY to USD 513 Mn in 2Q25, primarily due to new rigs starting operations and USD 49 Mn contribution from unconventional activity related to land drillin
  • UAE Flag
    EARNINGS CALL INSIGHT
    30 May 2025
    ADNOC Drilling
    BUY
    AED 5.30
    AED 6.25
    +17.92%

    UAE Equity Research - ADNOC Drilling - Acquisition Insight

    ADNOC Drilling is acquiring a majority stake in a regional land rig portfolio operated by SLB (Schlumberger) in Oman and Kuwait, marking its first major international expansion.
  • UAE Flag
    FIRST LOOK NOTES
    13 May 2025
    ADNOC Drilling
    BUY
    AED 5.39
    AED 6.25
    +15.96%

    UAE Equity Research - ADNOC Drilling 1Q25 - First Look Note

    OFS segmental revenue grew significantly from USD 146 Mn in 1Q24 to USD 342 Mn in 1Q25, mainly driven by USD 122 Mn revenue from the unconventional business, coupled with increased IDS activity and provision of more discrete services. ADNOCDRILL was operating 95 onshore and 47 offshore, with a rig availability of 96%, as of 1Q25.
  • UAE Flag
    EARNINGS CALL INSIGHT
    12 May 2025
    ADNOC Drilling
    BUY
    AED 5.25
    AED 6.25
    +19.05%

    UAE Equity Research - ADNOC Drilling 1Q25 - Earnings Call Insight

    Net revenue grew strongly 32.1% YOY to USD 1,170 Mn in 1Q25 driven by the expansion of operations. Onshore Segment revenue grew 20.1% YOY to USD 494 Mn in 1Q25, primarily due to new rigs starting operations and USD 30 Mn contribution from unconventional activity related to land drilling.
  • UAE Flag
    FIRST LOOK NOTES
    27 Feb 2025
    ADNOC Drilling
    ACCUMULATE
    AED 5.51
    AED 6.25
    +13.43%

    UAE Equity Research - ADNOC Drilling (ADNOCDRI) 4Q24 - First Look Note

    OFS segmental revenue grew significantly from USD 148 Mn in 4Q23 to USD 313 Mn in 4Q24, owing to growth in IDS activities, specifically positive phasing during 4Q24 related to pressure pumping, directional drilling and unconventional business.

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