{
  "id": 3927581,
  "title": "Prosafe Q2 2026 slides: EBITDA triples as day rates surge to $140k",
  "url": "https://urgent.news/2026/08/28/prosafe-q2-2026-slides-ebitda-triples-as-day-rates-surge-to-140k",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T08:50:09.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/prosafe-q2-2026-slides-ebitda-triples-as-day-rates-surge-to-140k-93CH-4880744"
  },
  "original_language": "en",
  "account": "Prosafe, a Norway-based offshore accommodation vessel operator, reported strong financial results for Q2 2026, with EBITDA more than tripling to $9.7 million from $3.1 million in the same period last year. Revenue increased 50.5% to $46.5 million, driven by the Safe Boreas vessel operating at full day-rate. Net loss narrowed significantly to $6.1 million from $23.9 million in Q2 2025. Charter income rose 24% to $36 million, while other income added $11 million from Safe Boreas reimbursements. Operating expenses grew to $36.8 million from $27.8 million, reflecting higher activity levels and SPS survey costs. Fleet utilization reached 71%, with Safe Boreas and Safe Eurus near 100% utilization. The company's balance sheet showed improved financial health, with net interest-bearing debt dropping to $247 million from $379 million and a critical NIBD/LTM EBITDA ratio improving to 4.0x from 18.0x. Prosafe holds a 20% market share in Brazil and operates a global fleet of accommodation vessels supporting various offshore energy activities.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}