1. Norway Stocks

  2. •

    Industrial services

  3. •

    Contract drilling
NorAm Drilling AS

NorAm Drilling AS

4.31
EUR
-0.05
(-1.26%)
0.26EPS
Nov 27Next Earn
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.91
1.27
1.17
3.4
2.74
2.39
2.34
2.45
Basic EPS, GAAP
-0.05
-0.32
-0.44
0.11
0.45
0.05
0.34
0.3
Free Cash Flow per Basic Share
0.1
0.09
-0.12
0.45
0.96
0.42
0.47
0.4
Dividend per Share
- -
- -
- -
0.16
0.99
0.51
0.43
0.39
Book Value per Share
1.36
1.05
0.78
1.9
1.67
1.24
1.19
1.31
Tangible Book Value per Share
1.36
1.05
0.78
1.9
1.67
1.24
1.19
1.31
Basic Weighted Avg Shares
43
43
43
28
43
43
43
43
Sales/Revenue/Turnover
82
55
50
95
118
103
101
106
Operating Margin (%)
8.36
-14.99
-24.42
7.21
18.83
4.15
13.67
11.9
Depreciation Expense
17
18
18
19
19
20
6
6
Net Income, GAAP
-2
-14
-19
3
19
2
15
13
Effective Tax Rate (%)
- -
- -
- -
1.13
15.06
49.37
- -
0.34
Profit Margin (%)
-2.84
-24.84
-37.38
3.12
16.25
2.19
14.65
12.07
Working Capital
12
16
14
-3
4
2
3
9
LT Debt
80
80
80
- -
- -
- -
- -
- -
Total Equity
59
45
34
82
72
53
52
57
Return on Invested Capital (%)
- -
- -
- -
6.94
24.5
3.39
- -
21.15
Return on Capital (%)
- -
- -
- -
9.26
25.05
3.67
- -
21.86
Return on Common Equity (%)
- -
-26.19
-47.81
5.15
24.99
3.6
28.2
21.76

Capital Structure

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
43
43
43
Market Capitalization
- -
- -
- -

Working Capital

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
24
23
26
Cash, Cash Equivalents & STI
10
7
8
Accounts Receivable, Net
12
15
14
Inventories
- -
- -
- -
Total Current Liabilities
22
18
17
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
15.31%
-3.54%
Free Cash Flow
- -
-79.73%
12.91%
Net Income, GAAP
- -
187.47%
557.19%
Sales/Revenue/Turnover
- -
18.16%
-1.91%
Total Cash Common Dividend
- -
- -
-15.79%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
25
25
27
27
103
2025
26
25
24
26
101
2026
26
29
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
-0.01
0.02
- -
0.05
2025
0.12
0.08
0.09
0.05
0.34
2026
0.06
0.1
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.15
0.12
0.12
0.12
0.51
2025
0.12
0.12
0.09
0.09
0.43
2026
0.09
0.11
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Martin L. Jimmerson
Full Time Employees
311
Sector
Industrial services
Industry
Contract drilling
Address
Bryggegata 3 Oslo PS Norway 0112
IPO Date
Oct 7, 2022
Website
globalrig.no
Similar Companies
SLB Limited (NYSE:SLB)
Transocean Ltd (Switzerland) (NYSE:RIG)
Baker Hughes Company (NASDAQ:BKR)
Borr Drilling Limited (NYSE:BORR)
Helmerich & Payne, Inc. (NYSE:HP)
Valaris Limited (NYSE:VAL)
Business
NorAm Drilling AS (NORAM.OL) is a Norwegian-based provider of drilling services to the oil and gas industry, specializing in jack-up rigs for harsh environment operations in the North Sea and other offshore regions. The company offers contract drilling services using its fleet of high-specification jack-up rigs, including advanced dynamic positioning systems, cantilever designs for platform drilling, and integrated management services for well construction and completion; these services cater to exploration, production, and decommissioning activities for major oil companies and national oil firms. Founded in 2012 and headquartered in Stavanger, Norway, NorAm Drilling operates primarily in the North Sea, Barents Sea, and select international markets, targeting E&P operators with a focus on safety, efficiency, and environmental compliance across its subsidiaries. In the past two years, NorAm Drilling has pursued strategic expansions, including a key partnership with Shelf Drilling for rig upgrades and shared operational capabilities in 2024 to enhance competitiveness in the jack-up market; the company also secured a significant NOK 1.2 billion contract extension with Equinor in early 2025 for its NorRig A jack-up in the Norwegian sector. Additionally, NorAm Drilling completed a NOK 500 million private placement funding round in late 2024 to support fleet modernization and digitalization initiatives, alongside launching an upgraded remote monitoring service for real-time rig performance analytics. These developments position the company for growth amid recovering offshore drilling demand, with no major reorganizations or name changes reported.