Paratus Reports Q2 2024 Results, Initiates Shareholder Distribution Program
Hamilton, Bermuda, 10 September 2024 – Paratus Energy Services Ltd. (ticker “PLSV”) (“Paratus” or the “Company”) today reported operational and financial results for the second quarter of 2024, including management reporting highlighted by $124 million in revenues and $70 million in adjusted EBITDA. Net profit increased to $34 million, up from $10 million from the previous quarter, driven by strong operational performance. At quarter-end, the Group held $246 million in cash deposits and reduced its net debt to $518 million. Paratus intends to return a majority of its excess free cash