Paratus Reports Q3 2024 Results, Reaffirms Commitment to Shareholder Returns
Hamilton, Bermuda, November 29, 2024 – Paratus Energy Services Ltd. (ticker “PLSV”) (“Paratus” or the “Company”) today reported operational and financial results for the third quarter of 2024, highlighted by $110 million in revenues and $63 million in adjusted EBITDA. At quarter-end, the Group held $165 million in cash deposits and had a net debt balance of $597 million. Building on the momentum established by the inaugural quarterly cash distribution to shareholders for the second quarter, Paratus is pleased to announce that the Board of Directors (“Board”) has authorized a cash