Logo ofArabian Drilling Co.
Arabian Drilling Co. expected strong financial performance to persist in Q1 2025, reflecting its operating efficiency gained in 2024. 
In a statement commenting on the financial results, the company said that its revenues for Q1 2025 are expected to maintain the same level achieved in Q4 2024, with a 5% increase. Its forecasts reflect a cautious outlook in light of a market that is evolving, albeit cautiously.
Considering the prevailing instability in the oil and gas sector, coupled with current geopolitical and economic factors that could impact operations in this sector, the company’s management decided to present its future forecasts on a quarterly basis rather than an annual basis.
This approach allows the company to provide more realistic market forecasts, which supports a fair valuation, the statement added.
Logo ofArabian Drilling Co.
Arabian Drilling Co. expected strong financial performance to persist in Q1 2025, reflecting its operating efficiency gained in 2024.
In a statement commenting on the financial results, the company said that its revenues for Q1 2025 are expected to maintain the same level achieved in Q4 2024, with a 5% increase. Its forecasts reflect a cautious outlook in light of a market that is evolving, albeit cautiously.
Considering the prevailing instability in the oil and gas sector, coupled with current geopolitical and economic factors that could impact operations in this sector, the company’s management decided to present its future forecasts on a quarterly basis rather than an annual basis.
This approach allows the company to provide more realistic market forecasts, which supports a fair valuation, the statement added.
