Bermuda’s Archer Q4 EBITDA up 14% y/y, plans higher shareholder distributions
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Bermuda's Archer reported a 14% year-over-year increase in Q4 EBITDA, reaching $44.5 million. The company completed significant acquisitions and secured long-term contracts, enhancing its market position. Archer plans to increase shareholder distributions in the second half of 2026 and expects single-digit EBITDA growth in 2026. The firm also refinanced $425 million in bonds, extending debt maturity to 2030. Analysts maintain a "buy" rating on Archer, with a median 12-month price target of NOK35.00, reflecting a potential 38.1% upside from its recent trading price of NOK25.35.
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