OB:NORAMEnergy Services
NorAm Drilling (OB:NORAM) Margin Strength Challenges Bearish Utilization Concerns In Q1 2026 Results
NorAm Drilling (OB:NORAM) has opened Q1 2026 with total revenue of US$26.2 million and net income of US$2.6 million, setting the stage for investors to refresh their view of the story. Over the past few quarters the company has seen revenue move from US$26.6 million in Q4 2024 to US$25.8 million in Q1 2025 and US$26.5 million in Q4 2025, alongside quarterly net income figures ranging from US$19 thousand in Q4 2024 to US$5.2 million in Q1 2025 and US$2.0 million in Q4 2025. This provides...