# PDF

- Press release: Paratus Energy: Q2 2026 Results (2026-08-28)
- Original: https://mb.cision.com/Public/21459/4388895/bfbd950c281d2451.pdf
- Local copy: discarded after extraction (re-fetchable from Original)

**TL;DR —** Paratus Energy Services reported strong Q2 2026 results with $71 million in revenue and $42 million EBITDA, driven by higher dayrates and fleet utilization, while significantly reducing net debt to $282 million pro forma after the Fontis sale.

## Takeaways
- Q2 2026 revenue was $71 million, with EBITDA at $42 million.
- The PLSV fleet achieved 93% technical utilization.
- Net debt decreased to $282 million pro forma for the Fontis transaction, down from $661 million in Q1 2026.
- Pro forma leverage improved significantly from ~2.7x to ~1.6x EBITDA.
- Paratus declared a $0.22 dividend per share for Q2 2026.
- The Seagems JV (100%) reported $142 million in revenue and $87 million EBITDA (64% margin), with a backlog of ~$1.1 billion.

*Generated 2026-09-14 via google/gemini-2.5-flash*