Education
About Us
Working with TipRanks
Follow Us
Shelf Drilling (SHLLF)
:SHLLF
Earnings Data
Report Date
Aug 07, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.03Last Year’s EPS
>-0.01Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 12, 2025
|% Change Since: 12.77%
|Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed sentiment. While there were significant achievements in terms of revenue growth, improved cash position, and successful contract extensions, these were counterbalanced by safety incidents, market volatility, contract terminations, and reduced utilization. The adjustments in financial guidance also indicate challenges in maintaining previous expectations.Company Guidance
During the Shelf Drilling First Quarter 2025 Earnings Conference Call, the company provided updated guidance for the year, reflecting adjustments due to recent market developments. The company expects a fully consolidated adjusted EBITDA for 2025 between $310 million and $360 million, slightly down from the earlier estimate. For Shelf Drilling North Sea, the adjusted EBITDA is now projected between $65 million and $80 million. CapEx and deferred costs guidance has been revised to $85 million to $115 million. The company's backlog stood at $1.6 billion as of March 31, 2025, with 29 out of 33 rigs contracted at a weighted average rate of approximately $100,000 per day. The call highlighted a strong operating performance with a fleet-wide uptime of 99.4% and an adjusted revenue of $243 million for Q1. The company also discussed strategic moves, such as the mobilization of rigs to West Africa and plans for potential asset sales to streamline the fleet and generate cash. Despite current market uncertainties, Shelf Drilling remains confident in the long-term resilience of the offshore drilling sector.Strong Operating Performance
Fleet-wide uptime of 99.4% for the quarter, continuing excellent operating results from 2024.
Revenue and EBITDA Growth
Adjusted revenue for Q1 was $243 million, an 8% increase compared to Q4 2024. Adjusted EBITDA for the quarter was $96 million, resulting in a margin of 40%.
Cash Position Improvement
Quarter-end cash stood at $207 million, up $55 million from year-end 2024, driven by strong EBITDA generation and reduced CapEx.
Successful Contract Extensions
Chevron extended the contract for Shelf Drilling Scepter in Nigeria for an additional year. In Egypt, added three months of backlog to the Trident XVI contract with Petrobel.
High Day Rate Increase
Average day rate increased to $94,000 per day in Q1 from $88,000 per day in Q4.
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 |
|---|---|---|---|
May 12, 2025 | $0.47 | $0.47 | 0.00% |
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% |
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 (SHLLF) report earnings?
Shelf Drilling (SHLLF) is schdueled to report earning on Aug 07, 2025, TBA Not Confirmed.
What is Shelf Drilling (SHLLF) earnings time?
Shelf Drilling (SHLLF) earnings time is at Aug 07, 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 (Q2) is 0.03.