Archer Limited (ARHVF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, Thank you for attending today's Archer First Quarter twenty twenty six Earnings Release Call. My name is Ken, and I'll be your moderator today. All lines will be muted during the presentation portion of the call with an opportunity for questions and answers at the end. I would now like to pass the call over to Dex Skindlow, the CEO of Archer to begin. Please go ahead. Thank you, Kenneth. Good morning and thank you for joining Archer's first quarter twenty twenty six results presentation. I am Dan Skindlow, CEO of Archer and I'm joined today by our CFO, Esther Njuhanger. We will start with Q1 highlights and key developments, then provide an update across our business areas and finally cover our guidance and capital allocation priorities before opening the line for Q and A. With that, let's move to Slide two. As a reminder, today's discussion includes forward looking statements and certain non GAAP and IFRS measures historically. These statements involve risks and uncertainties and actual results may differ materially. Please refer to the presentation and our disclosures for additional information. Let's move to slide three. Before we get into the quarter, a quick reminder of who we are. Archer is a global oil service company with more than fifty years of operating history. In 2025, we delivered around 1,200,000,000 of revenue and generated EBITDA of approximately $167,000,000 Our year end 2025 backlog of about $4,000,000,000 includes Optimus, provides strong visibility across our core markets. We operate across four business areas, platform operation, web services, land drilling and renewable services with roughly 3,500 people across 40 locations. With that context, let's move to Slide four for the key Q1 takeaways. Q1, traditionally a slow seasonal quarter was...