UAE Equity Research - ADNOC Drilling (ADNOCDRI) 3Q26 - Earnings Call Insight
Revenue declined 1.0% YOY to USD 1,247 Mn in 3Q26, primarily due to the anticipated lower phasing of unconventional activity, which contributed USD 67 Mn to 3Q26 revenue against USD 158 Mn in 3Q25, along with the repurposing of certain land rigs and two jack-up rigs. This was partially offset by the consolidation of SLDC and MBPS,