Shelf Drilling First Quarter 2025 Earnings: Beats Expectations

Shelf Drilling (OB:SHLF) First Quarter 2025 Results

Key Financial Results

• Revenue: US$245.7m (down 3.5% from 1Q 2024).
• Net income: US$13.7m (up 211% from 1Q 2024).
• Profit margin: 5.6% (up from 1.7% in 1Q 2024).
• EPS: US$0.053 (up from US$0.021 in 1Q 2024).

AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Shelf Drilling Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 7.4%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 2.8% growth forecast for the Energy Services industry in Norway.

Performance of the Norwegian Energy Services industry.

The company's shares are up 22% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Shelf Drilling has 5 warning signs (and 2 which can't be ignored) we think you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.