Archer (ARCH) Q4 2025 earnings summary

Executive summary

• Revenue for 2025 was $1,197.1 million, up from $1,115.6 million in 2024, reflecting growth across core segments.

• Net loss for 2025 was $40.9 million, compared to a net loss of $21.6 million in 2024, impacted by impairment charges and losses on business sales.

• Adjusted EBITDA for Q4 2025 was $51.2 million, with full-year segment growth in Platform Operations and Well Services.

• Major acquisitions included Premium Oilfield Services and Wellconnection Norway AS, expanding Well Services capabilities.

• Divestment of the Argentine workover business and asset impairments affected results.

Financial highlights

• Revenue increased 7% year-over-year to $1,197.1 million.

• Operating profit for 2025 was $58.2 million, down from $81.0 million in 2024.

• Net loss widened to $40.9 million from $21.6 million year-over-year.

• Adjusted EBITDA for Q4 2025 was $51.2 million, up from $42.9 million in Q4 2024.

• Impairment charges totaled $7.8 million, mainly related to land rigs.

Outlook and guidance

• Focus on expanding drilling operations in Vaca Muerta and growing Well Services.

• Recent contract wins in plug and abandonment (P&A) and deepwater Gulf of America expected to support future revenue.

• Continued emphasis on cost control and capital discipline.