Annonce • 6h
NorAm Drilling AS Approves Cash Distribution for July 2026, Payable on or About July 24, 2026 The Board of Directors of NorAm Drilling AS approved an increased monthly cash distribution of approximately USD 2.0 million based on free cash flow for June 2026. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Distribution amount: USD 0.045 per share. Declared currency: USD. Payment to shares registered with Euronext VPS will be distributed in NOK. Date of approval: July 8, 2026. Last day including right: July 14, 2026. Ex-date: July 15, 2026. Record date: July 16, 2026. Payment date: On or about July 24, 2026. Declared Dividend • Jun 12
Dividend of kr0.04 announced Shareholders will receive a dividend of kr0.04. Ex-date: 16th June 2026 Payment date: 26th June 2026 Dividend yield will be 8.7%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 30% per year over the past 3 years. However, payments have been volatile during that time. Annonce • Jun 10
Noram Drilling AS Announces Monthly Cash Distribution for June 2026, Payable on or About June 26, 2026 The Board of Directors of NorAm Drilling AS approved monthly cash distribution of approximately USD 1.7 million based on free cash flow for May 2026. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Distribution amount: USD 0.04 per share. Date of approval: June 9, 2026; Last day including right: June 15, 2026; Ex-date: June 16, 2026; Record date: June 17, 2026. Payment date: On or about June 26, 2026. Reported Earnings • May 28
First quarter 2026 earnings released First quarter 2026 results: Revenue: US$26.2m (up 1.5% from 1Q 2025). Net income: US$2.57m (down 50% from 1Q 2025). Profit margin: 9.8% (down from 20% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Annonce • May 22
NorAm Drilling AS to Report Q2, 2026 Results on Aug 29, 2026 NorAm Drilling AS announced that they will report Q2, 2026 results at 4:25 PM, Central European Standard Time on Aug 29, 2026 Board Change • May 20
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Jan Klepsland was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Jan 14
NorAm Drilling AS Approves Monthly Cash Distribution for December 2025, Payable on or About January 26, 2026 The Board of Directors of NorAm Drilling AS approved a monthly cash distribution of approximately USD 1.3 million based on free cash flow for December 2025. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Distribution amount: USD 0.03 per share. Date of approval: January 12, 2026. Ex-date: January 16, 2026. Record date: January 19, 2026. Payment date: On or about January 26, 2026. Annonce • Apr 09
Noram Drilling AS Approves Monthly Dividend for March 2025, Payable on or About April 24, 2025 NorAm Drilling AS announced that Board of Directors approved a monthly cash distribution of USD 0.04 per share based on free cash flow for March 2025. Ex-date: April 15, 2025, Record date: April 16, 2025 and Payment date: On or about April 24, 2025. Annonce • Mar 11
NorAm Drilling Approves Monthly Cash Distribution for February 2025, Payable on or About March 24, 2025 NorAm Drilling AS announced that Board of Directors approved a monthly cash distribution of USD 0.04 per share based on free cash flow for February 2025. Ex-date is March 14, 2025. Record date is March 17, 2025. Payment date is On or about March 24, 2025. Date of approval is March 10, 2025. Annonce • Feb 11
NorAm Drilling AS Approves Monthly Cash Distribution for January 2025, Payable on or About February 24, 2025 The Board of Directors of NorAm Drilling AS approved a monthly cash distribution of approximately USD 1.7 million based on free cash flow for January 2025. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Distribution amount: USD 0.04 per share. Payment to shares registered with Euronext VPS will be distributed in NOK. Date of approval: February 10, 2025. Last day including right: February 14, 2025. Ex-date: February 17, 2025. Record date: February 18, 2025. Payment date: On or about February 24, 2025. Annonce • Jan 11
NorAm Drilling AS, Annual General Meeting, Jun 11, 2026 NorAm Drilling AS, Annual General Meeting, Jun 11, 2026. Reported Earnings • Nov 16
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: US$26.5m (flat on 3Q 2023). Net income: US$700.0k (down 66% from 3Q 2023). Profit margin: 2.6% (down from 7.7% in 3Q 2023). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Energy Services industry in Europe. Declared Dividend • Nov 11
Dividend of US$0.04 announced Shareholders will receive a dividend of US$0.04. Ex-date: 14th November 2024 Payment date: 22nd November 2024 Dividend yield will be 15%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 76% per year over the past 2 years. However, payments have been volatile during that time. Declared Dividend • Oct 11
Dividend of US$0.04 announced Shareholders will receive a dividend of US$0.04. Ex-date: 15th October 2024 Payment date: 23rd October 2024 Dividend yield will be 14%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 78% per year over the past 2 years. However, payments have been volatile during that time. Annonce • Oct 08
NorAm Drilling AS Declares Cash Distribution for the Month September 2024, Payable on or About October 23, 2024 NorAm Drilling AS declared monthly cash distribution of USD 0.04 per share based on free cash flow for September 2024. Date of approval: October 8, 2024, Last day including right: October 14, 2024, Ex-date: October 15, 2024, Record date: October 16, 2024 and Payment date: On or about October 23, 2024. Declared Dividend • Sep 12
Dividend of US$0.04 announced Shareholders will receive a dividend of US$0.04. Ex-date: 16th September 2024 Payment date: 23rd September 2024 Dividend yield will be 16%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 78% per year over the past 2 years. However, payments have been volatile during that time. Annonce • Sep 10
Noram Drilling AS Approves Cash Distribution for the Month of September 2024, Payable on or About September 23, 2024 NorAm Drilling AS approved a monthly cash distribution of approximately USD 1.7 million based on free cash flow for August 2024. Distribution amount of USD 0.04 per share. Date of approval is September 9, 2024. Ex-date is September 16, 2024. Record date is September 17, 2024. Payment date is on or about September 23, 2024. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Reported Earnings • Aug 23
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: US$24.9m (down 29% from 2Q 2023). Net loss: US$277.0k (down 103% from profit in 2Q 2023). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Energy Services industry in Europe. Declared Dividend • Aug 12
Dividend of US$0.04 announced Shareholders will receive a dividend of US$0.04. Ex-date: 16th August 2024 Payment date: 23rd August 2024 Dividend yield will be 15%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 77% per year over the past 2 years. However, payments have been volatile during that time. Annonce • Aug 09
Noram Drilling as Announces Monthly Cash Distribution, Payable on or About August 23, 2024 NorAm Drilling AS announced Distribution amount of USD 0.04 per share. Date of approval is August 8, 2024. Ex-date is August 16, 2024. Record date is August 19, 2024. Payment date is On or about August 23, 2024. Declared Dividend • Jul 14
Dividend of US$0.04 announced Shareholders will receive a dividend of US$0.04. Ex-date: 16th July 2024 Payment date: 24th July 2024 Dividend yield will be 15%, which is higher than the industry average of 2.7%. Sustainability & Growth The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Annonce • Jul 11
NorAm Drilling AS Approves a Monthly Cash Distribution for July 2024, Payable on or about July 24, 2024 The Board of Directors of NorAm Drilling AS approved a monthly cash distribution of approximately USD 1.7 million for July 2024. Distribution amount: USD 0.04 per share. Ex-date: July 16, 2024. Record date: July 17, 2024. Payment date: On or about July 24, 2024. Date of approval: July 10, 2024. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Declared Dividend • Jun 13
Dividend of US$0.04 announced Shareholders will receive a dividend of US$0.04. Ex-date: 14th June 2024 Payment date: 21st June 2024 Dividend yield will be 17%, which is higher than the industry average of 2.7%. Sustainability & Growth The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Annonce • Jun 13
Noram Drilling AS Announces Cash Distribution for June 2024, Payable on or About June 21, 2024 The Board of Directors of NorAm Drilling AS approved a monthly cash distribution of approximately USD 1.7 million for June 2024. Distribution amount: USD 0.04 per share. Date of approval: June 10, 2024. Ex-date: June 14, 2024. Record date: June 17, 2024. Payment date: On or about June 21, 2024. New Risk • May 23
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 10% Last year net profit margin: 15% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Profit margins are more than 30% lower than last year (10% net profit margin). Reported Earnings • May 23
First quarter 2024 earnings released First quarter 2024 results: Revenue: US$25.0m (down 23% from 1Q 2023). Net income: US$1.81m (down 81% from 1Q 2023). Profit margin: 7.2% (down from 29% in 1Q 2023). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Energy Services industry in Europe. Annonce • May 16
NorAm Drilling AS to Report Q1, 2024 Results on May 21, 2024 NorAm Drilling AS announced that they will report Q1, 2024 results After-Market on May 21, 2024 Annonce • May 11
Noram Drilling AS Announces Cash Distribution for May 2024, Payable on or About May 24, 2024 The Board of Directors of NorAm Drilling AS approved a monthly cash distribution of approximately USD 1.7 million for May 2024. Distribution amount: USD 0.04 per share. Date of approval: May 8, 2024. Ex-date: May 14, 2024. Record date: May 15, 2024. Payment date: On or about May 24, 2024. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to €4.08, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 9x in the Energy Services industry in Europe. Total loss to shareholders of 6.5% over the past year. Annonce • Apr 11
Noram Drilling as Approves Cash Dividend for April 2024, Payable on or About April 22, 2024 NorAm Drilling AS approved monthly cash distribution of approximately USD 1.7 million for April 2024. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Distribution amount is USD 0.04 per share. Ex-date is April 16, 2024. Record date is April 17, 2024. Payment date is On or about April 22, 2024. Declared Dividend • Mar 11
Dividend of US$0.05 announced Shareholders will receive a dividend of US$0.05. Ex-date: 12th March 2024 Payment date: 18th March 2024 Dividend yield will be 23%, which is higher than the industry average of 2.7%. Sustainability & Growth The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Annonce • Mar 08
Noram Drilling as Approves Monthly Cash Distribution for March 2024, Payable on March 18, 2024 NorAm Drilling AS approved a monthly cash distribution of approximately USD 2.2 million for March 2024. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Key information: Distribution amount: USD 0.05 per share. Declared currency: USD. Payment to shares registered with Euronext VPS will be distributed in NOK (3) Date of approval: March 7, 2024. Last day including right: March 11, 2024. Ex-date: March 12, 2024. Record date: March 13, 2024. Payment date: On or about March 18, 2024. Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: US$0.44 (vs US$0.11 in FY 2022) Full year 2023 results: EPS: US$0.44 (up from US$0.11 in FY 2022). Revenue: US$118.3m (up 24% from FY 2022). Net income: US$18.9m (up US$15.9m from FY 2022). Profit margin: 16% (up from 3.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Energy Services industry in Europe. Declared Dividend • Feb 12
Dividend of US$0.05 announced Shareholders will receive a dividend of US$0.05. Ex-date: 13th February 2024 Payment date: 19th February 2024 Dividend yield will be 24%, which is higher than the industry average of 2.7%. Sustainability & Growth The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Annonce • Feb 09
Noram Drilling AS Announces Cash Distribution for February 2024, Payable on or About February 19, 2024 The Board of Directors of NorAm Drilling AS approved a monthly cash distribution of approximately USD 2.2 million for February 2024. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Distribution amount: USD 0.05 per share. Last day including right: February 12, 2024. Ex-date: February 13, 2024. Record date: February 14, 2024. Payment date: On or about February 19, 2024. Annonce • Jan 10
Noram Drilling as Approves Monthly Cash Distribution for January 2024, Payable on or About January 22, 2024 NorAm Drilling AS approved an increased monthly cash distribution of approximately USD 2.2 million for January 2024. Distribution amount: USD 0.05 per share. Date of approval: January 9, 2024. Ex-date: January 16, 2024. Record date: January 17, 2024. Payment date: On or about January 22, 2024. Annonce • Dec 08
NorAm Drilling AS Approves Monthly Cash Distribution for December 2023, Payable on or About December 18, 2023 The Board of Directors of NorAm Drilling AS approved a monthly cash distribution of USD 1.7 million or USD 0.04 per share for December 2023. The distribution will be made from the Company’s Contributed Surplus account which consists of previously paid in share premium transferred from the Company’s Share Premium account. Date of approval: December 7, 2023. Ex-date: December 12, 2023. Record date: December 13, 2023. Payment date: On or about December 18, 2023. Reported Earnings • Nov 17
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: US$26.6m (flat on 3Q 2022). Net income: US$2.04m (up 33% from 3Q 2022). Profit margin: 7.7% (up from 5.8% in 3Q 2022). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Energy Services industry in Europe. Annonce • Nov 10
Noram Drilling AS Approves Monthly Cash Distribution NorAm Drilling AS approved a monthly cash distribution of USD 1.7 million or USD 0.04 per share for November 2023. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Annonce • Sep 13
NorAm Drilling AS Announces Cash Distribution for September 2023, Payable on or About September 22, 2023 The Board of Directors of NorAm Drilling AS approved a monthly cash distribution of USD 2.2 million or USD 0.05 per share for September 2023, reflecting reduced cash flow in August with three rigs warm-stacked. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Declared currency: USD. Payment to shares registered with Euronext VPS will be distributed in NOK. Ex-date is September 18, 2023, Record date is September 19, 2023 and Payment date is On or about September 22, 2023. Board Change • Sep 01
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Jan Klepsland was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Aug 10
NorAm Drilling AS Approves Cash Distribution for August 2023, Payable on or About August 18, 2023 The Board of Directors of NorAm Drilling AS approved a monthly cash distribution of USD 3.9 million or USD 0.09 per share for August 2023. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Last day including right: August 11, 2023, Ex-date: August 14, 2023, Record date: August 15, 2023, Payment date: On or about August 18, 2023. Board Change • Jul 13
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Jan Klepsland was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Jul 12
NorAm Drilling AS Approves Cash Distribution for July 2023, Payable On or about July 21, 2023 The Board of Directors of NorAm Drilling AS approved a monthly cash distribution of USD 3.9 million or USD 0.09 per share for July 2023. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Distribution amount: USD 0.09 per share. Declared currency: USD. Payment to shares registered with Euronext VPS will be distributed in NOK. Date of approval: July 10, 2023. Last day including right: July 13, 2023. Ex-date: July 14, 2023. Record date: July 17, 2023. Payment date: On or about July 21, 2023. Annonce • Jun 08
NorAm Drilling AS Approves Monthly Cash Distribution for June 2023, Payment Date of on or About June 16, 2023 NorAm Drilling AS approved a monthly cash distribution of USD 4.7 million or USD 0.11 per share for June 2023. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Date of approval: June 7, 2023, Last day including right: June 12, 2023, Ex-date of June 13, 2023, Record date of June 14, 2023 and Payment date of On or about June 16, 2023. Reported Earnings • May 25
First quarter 2023 earnings released: EPS: US$0.23 (vs US$0.18 loss in 1Q 2022) First quarter 2023 results: EPS: US$0.23 (up from US$0.18 loss in 1Q 2022). Revenue: US$32.7m (up 91% from 1Q 2022). Net income: US$9.58m (up US$13.9m from 1Q 2022). Profit margin: 29% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Energy Services industry in Europe. Board Change • May 10
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Chris Baker was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • May 09
Noram Drilling AS Approves Cash Distribution for May 2023, Payable on May 19, 2023 The Board of Directors of NorAm Drilling AS approved a monthly cash distribution of USD 4.7 million or USD 0.11 per share for May 2023. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Date of approval: May 8, 2023, Ex-date: May 12, 2023, Record date: May 15, 2023, Payment date: On or about May 19, 2023. Recent Insider Transactions • Mar 19
Chairman recently bought €73k worth of stock On the 15th of March, Ole Hjertaker bought around 15k shares on-market at roughly €4.96 per share. This transaction amounted to 8.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Ole's only on-market trade for the last 12 months. Reported Earnings • Feb 22
Full year 2022 earnings released: EPS: US$0.13 (vs US$0.81 loss in FY 2021) Full year 2022 results: EPS: US$0.13 (up from US$0.81 loss in FY 2021). Revenue: US$95.4m (up 89% from FY 2021). Net income: US$2.98m (up US$21.8m from FY 2021). Profit margin: 3.1% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Energy Services industry in Europe. Annonce • Feb 15
NorAm Drilling AS to Report Q4, 2023 Results on Feb 29, 2024 NorAm Drilling AS announced that they will report Q4, 2023 results on Feb 29, 2024 Annonce • Feb 08
Noram Drilling AS Approves a Monthly Cash Distribution, Payable on or about February 17, 2023 The Board of Directors of NorAm Drilling AS approved a monthly cash distribution of NOK 1.05 per share. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. The dividend payable on or about February 17, 2023 record date of February 14, 2023. Annonce • Jan 10
NorAm Drilling AS Approves Monthly Cash Distribution, Payable on or About January 20, 2023 NorAm Drilling AS Board of Directors has approved a monthly cash distribution of NOK 1.00 per share. Date of approval: January 9, 2023; Last day including right: January 12, 2023; Ex-date: January 13, 2023; Record date: January 16, 2023; Payment date: On or about January 20, 2023. Board Change • Dec 31
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Chris Baker was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Dec 06
NorAm Drilling AS Approves Initial Monthly Cash Distribution, Payable on or About December 16, 2022 The Board of Directors of NorAm Drilling AS has approved its initial monthly cash distribution of NOK 1.00 per share. Date of approval: December 5, 2022. Ex-date: December 9, 2022. Record date: December 12, 2022. Payment date: On or about December 16, 2022. Reported Earnings • Nov 25
Third quarter 2022 earnings released: EPS: US$0.066 (vs US$0.22 loss in 3Q 2021) Third quarter 2022 results: EPS: US$0.066 (up from US$0.22 loss in 3Q 2021). Revenue: US$26.5m (up 102% from 3Q 2021). Net income: US$1.54m (up US$6.68m from 3Q 2021). Profit margin: 5.8% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Energy Services industry in Europe. Board Change • Nov 25
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Chris Baker was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 14
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Chris Baker was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 
