- Adjusted EBITDA rose by $37.1 million (39%) to $133.2 million in Q2.
- Cash decreased by $77.8 million in Q2 mainly due to $98.3 million semiannual interest payments and $20.8 million income taxes.
- Cash position at end of Q2 was $92.4 million with $150 million undrawn credit facility, total liquidity $242.4 million.
- Free cash flow generated in the first half of 2025 was $106.5 million.
- Net income was $35.1 million, up $52 million from the previous quarter.
- Operating income increased by $36.3 million (60%) to $96.5 million.
- Q2 2025 revenue increased by $51.1 million (24%) to $267.7 million compared to Q1.
- Total operating expenses increased by $14.4 million (9%) due to higher rig operating costs.
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Dafinchi