Saudi Arabian oil and gas drilling contractor ADES International Holding has reported it expects 44% rise in its core earnings in 2026, despite having several of…
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Saudi Arabian oil and gas drilling contractor ADES International Holding has reported it expects 44% rise in its core earnings in 2026, despite having several of its offshore rigs in the Gulf region temporarily suspended due to ongoing regional tensions.
ADES said it remains focused on the safety of its personnel and assets while working with clients and stakeholders to monitor developments and ensure operational readiness.
The company, which operates 123 rigs across 20 countries, said its geographic diversification and broader earnings base position it to withstand short-term disruptions.
Despite the situation, the company issued full-year 2026 EBITDA guidance of $1.2 billion to $1.29 billion (SAR 4.50 billion to SAR 4.87 billion), implying growth of 33% to 44% compared with the upper end of its 2025 guidance of $904 million (SAR 3.39 billion).
The outlook is supported by improved visibility following the acquisition of Shelf Drilling, expected synergies, and continued momentum across its international platform, the company said.
ADES also pointed to a positive tendering environment, rising utilization driven by its pipeline, and favorable day-rate dynamics
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