Ventura Offshore reported net income of $20.4 million and adjusted EBITDA of $21.9 million for the second quarter ended June 30.
The drilling contractor recorded operational uptime of 98 per cent and financial uptime of 93.4 per cent across its owned and managed fleet.
During the quarter, the company raised $75 million through a bond loan tap issue and amended the terms to defer remaining instalments until maturity in April 2027.
It also extended the maturity of its $30 million revolving credit facility to December 31, leaving $19.5 million in available capacity after repaying $9.3 million.
Semisubmersible SSV Victoria completed its initial contract on July 7 and subsequently mobilised to Rio de Janeiro for maintenance ahead of a four-year extension starting in January 2027.
Drillship DS Carolina secured a 135-day extension with Petrobras through September 7 before preparing for a separate contract on the Sepia Atapu field from January 2027.
Meanwhile, SSV Catarina continued work on its fourth optional well for Eni Indonesia, with the parties negotiating further work in direct continuation. Managed unit Atlantic Zonda reached 1,000 days without a lost-time incident while operating under contract with Petrobras.
Contract drilling services from the three owned rigs generated $67.5 million in second-quarter revenue, while management fees from Atlantic Zonda contributed $4.1 million. Operating and maintenance expenses for the owned rigs totalled $31.3 million, equivalent to an average daily operating cost of approximately $111,700 over 273 operating days.