NorAm Drilling AS

NORAM · OL · Energy / Oil & Gas Equipment & Services

45.35NOK+0.95 (+2.14%)

Price History

Full chart

Market Stats

Previous Close44.40

Open44.95

Day Range44.35 – 45.35

52-Week Range23.74 – 51.32

Volume49.64K

Market Cap1.91B

P/E (TTM)15.38

Forward P/E8.43

EPS2.86

Dividend Yield11.60%

Beta-0.16

50-Day Avg45.20

200-Day Avg42.16

About

NorAm Drilling AS, together with its subsidiary, owns and operates AC driven onshore rigs for the drilling of horizontal wells in the United States. The company owns and operates a fleet of rigs located in the Permian Basin. NorAm Drilling AS was incorporated in 2007 and is headquartered in Oslo, Norway.

Company Details

SectorEnergy
IndustryOil & Gas Equipment & Services
CEOMr. Martin L. Jimmerson Jr.
Employees311
HeadquartersBryggegata 3, Oslo, Norway, 0112, Norway
Websitehttps://www.noramdrilling.com

Leadership

Mr. Martin L. Jimmerson Jr.CEO & CFO · b. 1963
Mr. Thomas TaylorChief Operating Officer
Mr. Sander BorgliDirector of Investor Relations & Strategy
Ms. Phyllis MenardHuman Resources Manager

Financials

Income Statement

Currency: USD	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	39.44M	63.46M	79.79M	82.38M	54.66M	50.38M	95.45M	118.29M	103.10M	101.13M
Growth (%)	-	+60.88%	+25.73%	+3.25%	-33.65%	-7.82%	+89.44%	+23.94%	-12.85%	-1.91%
Cost of Revenue	9.63M	13.59M	15.88M	18.90M	32.70M	34.70M	44.98M	47.44M	51.09M	29.56M
Gross Profit	29.81M	49.87M	63.91M	63.48M	21.96M	15.69M	50.47M	70.85M	52.01M	71.56M
Gross Margin	75.58%	78.58%	80.10%	77.06%	40.17%	31.14%	52.88%	59.89%	50.44%	70.77%
Operating Expense	40.67M	51.75M	55.65M	56.60M	30.15M	27.99M	43.59M	48.58M	47.73M	57.74M
Operating Income	-10.85M	-1.88M	8.26M	6.89M	-8.19M	-12.30M	6.88M	22.27M	4.27M	13.83M
Operating Margin	-27.52%	-2.96%	10.35%	8.36%	-14.99%	-24.42%	7.21%	18.83%	4.14%	13.67%
EBITDA	-	-	-	24.15M	9.50M	5.97M	28.05M	41.63M	24.21M	20.11M
EBITDA Margin	-	-	-	29.31%	17.39%	11.86%	29.39%	35.19%	23.49%	19.88%
Net Income	-21.46M	-12.84M	-4.30M	-2.34M	-13.58M	-18.83M	2.98M	19.23M	2.25M	14.81M
Net Income Margin	-54.40%	-20.23%	-5.39%	-2.84%	-24.84%	-37.38%	3.12%	16.25%	2.19%	14.65%
Interest Expense	-	-	-	7.90M	7.43M	7.20M	6.16M	55.00K	84.00K	27.00K
Interest Expense % of Total Revenue	-	-	-	9.59%	13.59%	14.29%	6.45%	0.05%	0.08%	0.03%

Balance Sheet

Currency: USD	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	162.81M	149.90M	162.67M	156.15M	138.97M	122.07M	115.81M	97.42M	78.68M	76.28M
Total Liabilities	107.59M	108.24M	101.70M	80.98M	93.91M	88.34M	33.77M	25.57M	19.94M	20.14M
Total Equity	55.22M	41.66M	60.96M	58.64M	45.06M	33.73M	82.03M	71.84M	53.47M	56.14M
Cash	-	-	-	-7.92M	16.34M	12.78M	13.10M	12.14M	8.37M	10.38M
Total Debt	-	-	-	80.00M	80.00M	80.00M	-	-	-	-
Net Debt	-	-	-	87.92M	63.66M	67.22M	-13.10M	-12.14M	-8.37M	-

Cash Flow

Currency: USD	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	-5.68M	-1.27M	11.13M	17.92M	6.14M	-1.96M	16.05M	46.52M	15.14M	21.97M
Investing Cash Flow	-9.55M	-9.60M	-21.18M	-13.47M	-2.46M	-3.38M	-3.36M	-4.98M	-3.37M	-1.49M
Financing Cash Flow	-2.74M	320.00K	15.76M	-10.00M	4.74M	1.78M	-12.37M	-42.50M	-15.55M	-18.46M
Capital Expenditure	9.55M	9.91M	21.22M	13.47M	2.46M	3.38M	3.36M	4.98M	3.37M	1.49M
Free Cash Flow	-	-	-	4.44M	3.68M	-5.34M	12.69M	41.54M	11.77M	20.48M
Dividends Paid	-	-	-	-	-	-	4.38M	42.50M	15.57M	18.47M
FCF to OCF	-	-	-	24.80%	59.95%	272.16%	79.06%	89.29%	77.77%	93.23%
Dividend Paid to FCF	-	-	-	-	-	-	34.48%	102.31%	132.23%	90.19%

Earnings

Report Date	Nov 21, 2022	Feb 20, 2023	May 23, 2023	Aug 22, 2023	Nov 14, 2023	Feb 22, 2024	May 21, 2024	Aug 22, 2024	Nov 13, 2024	Feb 19, 2025	May 28, 2025	Aug 25, 2025	Nov 19, 2025	Feb 19, 2026	May 27, 2026	Aug 25, 2026
EPS Estimate	0.47	0.87	1.75	1.92	0.51	-0.42	0.43	0.09	0.20	0.37	0.23	0.89	0.74	0.62	0.61	1.03
EPS Actual	0.72	0.72	2.41	2.34	0.55	-0.53	0.43	-0.11	0.22	0.00	1.22	0.81	0.92	0.48	0.56	0.93
Surprise	53.19%	-17.24%	37.71%	21.88%	7.84%	-26.19%	0.00%	-222.22%	10.00%	-98.70%	430.43%	-8.99%	24.32%	-22.58%	-8.20%	-9.71%
Timing	Pre-market	After-hours	Pre-market	Pre-market	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours

Key Statistics & Ratios

Market Cap1.91B

Enterprise Value1.83B

Trailing P/E15.38

Forward P/E8.43

Price / Sales18.00

Price / Book3.54

EPS2.86

Book Value12.65

Revenue (TTM)105.98M

Gross Profit (TTM)74.57M

EBITDA18.48M

Profit Margin12.07%

Operating Margin16.38%

Return on Equity21.76%

Return on Assets10.25%

Shares Outstanding43.36M

Shares Float42.74M

Beta-0.16

Dividend Yield11.60%

Dividend Rate5.09

Payout Ratio57.61%

Dividends

202610×

0.43Oct 16, 20260.42Sep 18, 20260.42Aug 18, 20260.44Jul 15, 20260.38Jun 16, 20260.37May 15, 20260.33Apr 14, 20260.29Mar 17, 20260.28Feb 17, 20260.30Jan 16, 2026

202512×

0.30Dec 16, 20250.30Nov 18, 20250.30Oct 16, 20250.29Sep 16, 20250.31Aug 14, 20250.36Jul 22, 20250.40Jun 16, 20250.42May 13, 20250.42Apr 15, 20250.43Mar 14, 20250.44Feb 17, 20250.46Jan 14, 2025

20242×

0.45Dec 16, 20240.45Nov 14, 2024