Norway · Delayed Price · Currency is NOK Ventura Offshore Holding Earnings Call Transcripts
Fiscal Year 2026
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The proposed all-share combination creates a diversified offshore services platform with a $1.3 billion backlog and over $1 billion in equity value. Financial synergies from refinancing and increased scale are expected to boost shareholder dividends and support future growth.
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Q2 2026 saw strong operational and financial results, with 98% uptime, $21.9M adjusted EBITDA, and a backlog near $1B. Major contract extensions, successful refinancing steps, and robust market conditions support long-term revenue visibility and growth opportunities.
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Q1 2026 saw strong operational and financial results, with $21.5M adjusted EBITDA, $25.8M net income, and $509M in new backlog from contract extensions. Liquidity improved via a $75M bond tap, and market outlook remains highly optimistic with robust demand and high utilization rates.
Fiscal Year 2025
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Q4 2025 delivered strong operational and financial results, with high rig uptime, robust EBITDA, and a growing backlog. Market outlook is positive in Southeast Asia, India, Africa, and Brazil, with stable contracts and ongoing opportunities.
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Q3 delivered strong operational and financial results, with high rig uptime, $19.7M adjusted EBITDA, and a $576M backlog. Petrobras renegotiations may delay contract awards, but market outlook in Brazil and Southeast Asia remains positive.
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Q2 saw strong adjusted EBITDA and net income, with long-term contracts secured for key rigs and a robust backlog. Operational uptime dipped due to maintenance, but fleet performance has since recovered. Market outlook remains positive, especially in Brazil and Southeast Asia.
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Q1 2025 saw strong safety and financial results, with $16.7M adjusted EBITDA and $22.5M net income, despite a 61-day rig interdiction. Backlog reached $679M, and rigs are contracted through 2026 and beyond, with robust demand expected in Brazil and Southeast Asia.
Fiscal Year 2024
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Secured a major Petrobras contract, boosting backlog and long-term visibility. Q4 Adjusted EBITDA was $17.4M, with strong cash and cost discipline despite operational challenges. Stable rig demand and recontracting activity in Brazil support a positive outlook.
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Q3 2024 saw strong operational and financial performance, with all rigs under contract and high utilization. Adjusted EBITDA was $21.4M, net income $26.3M, and a $401M backlog. Petrobras' robust drilling plans and new tenders support a positive outlook.