Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
DDRIL.OL
STRONG SELLFLAGGet insider-trade alertsDolphin Drilling AS · Energy · Norway · $100M · Avg Vol: $127K/d
Dolphin Drilling owns and operates mid-water semi-submersible drilling rigs. The structural floor in energy prices and the search for non-Russian offshore supply create a strong macro tailwind for offshore drilling dayrates. However, the company has a weak balance sheet and operational execution issues, making it a highly speculative vehicle rather than a quality compounder.
COMPANY DESCRIPTION
Dolphin Drilling AS is a pioneer in North Sea offshore drilling, operating a fleet of mid-water, harsh-environment semi-submersible drilling rigs. The company focuses on providing cost-efficient, safe, and reliable drilling services to independent and major E&P operators. Its competitive advantage lies in its deep operational track record in harsh environments and the low capital cost basis of its upgraded rig fleet.
FINANCIAL SUMMARY (USD)
| Year | 2021 | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|---|
| Revenue | — | 21.0M | 73.5M | 96.9M | 178.6M | 104.1% |
| EPS | — | -0.04 | -0.14 | -80.84 | -160.90 | — |
| Shares | — | 406.8M | 406.8M | 406.8M | 406.8M | 0.0% |
| Debt | 68.1M | 1.9M | 17.7M | 83.9M | 87.4M | 6.5% |
| Equity | — | 84.4M | 109.4M | 42.0M | 22.0M | -36.1% |
| Op CF | — | -18.2M | -72.4M | -24.4M | -10.9M | — |
| Inv CF | — | -14.0M | -14.2M | -63.4M | -34.1M | — |
| Fin CF | — | 43.7M | 80.7M | 96.7M | 34.8M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Energy, ranked by industry match, size, and score similarity. Cross-listings of DDRIL.OL are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| DDRIL.OL | Dolphin Drilling AS(you) | $100M | 6 | STRONG SELL |
| ARCH.OL | Archer Limited | $235M | 78 | BUY |
| DVD.OL | Deep Value Driller AS | $192M | 93 | STRONG BUY |
| ALNG.OL | ALNG ASA | $73M | 17 | STRONG SELL |
| EIOF.OL | Eidesvik Offshore ASA | $110M | 29 | SELL |
| REACH.OL | Reach Subsea ASA | $165M | 28 | SELL |
| PRS.OL | Prosafe SE | $154M | 56 | HOLD |
| AKAST.OL | Akastor ASA | $363M | 51 | HOLD |
| PEN.OL | Panoro Energy ASA | $352M | 59 | HOLD |
| JACK.OL | Jacktel AS | $109M | 94 | STRONG BUY |
Peer medians: ROE 9.2% · P/E 14.0x · Gross margin 61.5%