Paratus Energy Services Ltd. (OSLO: PLSV) reported second-quarter 2026 combined segment revenue of $71 million and adjusted EBITDA of $42 million from continuing operations, ending the quarter with $148 million in cash and $282 million of net debt, or 1.6x pro forma leverage after the Fontis transaction. Its Board approved a Q2 cash dividend of $0.22 per share, declared in U.S. dollars and approximately NOK 2.05, with September 2, 2026, as the last day including the right, September 3 as the ex-date, September 4 as the record date and September 11 as the payment date. Paratus completed the sale of Fontis' drilling operations and jack-up fleet, issued $250 million of five-year bonds and redeemed the 2026 Notes. Its 50% interest in Seagems contributed $71 million of contract revenue and $43.5 million of adjusted EBITDA. Seagems' technical utilization fell to 93% from 98.3% because of maintenance and operational incidents involving Esmeralda and Jade, while backlog was approximately $1.1 billion. The joint venture received approval to extend its Extended Dry-Docking program to 20 years of age for five 550t, Panama-flagged vessels, potentially eliminating one lifetime dry-docking per vessel. Paratus is evaluating reinvestment and debt-repayment options for Fontis-sale proceeds.