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Paratus Energy Services Ltd./Nkr PLSV

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About Paratus Energy Services Ltd.

Paratus Energy Services Ltd., established in 2018 and headquartered in Hamilton, Bermuda, operates as an investment holding company within the offshore energy services sector. The company's primary assets include Fontis Energy, a wholly owned subsidiary managing five high-specification jack-up rigs contracted in Mexico, and a 50% joint venture interest in Seagems, which operates six multi-purpose pipe-laying support vessels under contracts in Brazil. Paratus also held a 23.8% stake in Archer Ltd., a global oil services company listed on the Euronext Oslo Børs, until September 2025, when it sold its shares for approximately $48 million. The company's strategic focus is on maintaining a diversified fleet capable of complex offshore operations, supported by long-term contracts with national oil companies in Brazil and Mexico.
Ticker
Nkr PLSV
Sector
Energy
Primary listing
XOSL
Employees
435
Headquarters
Hamilton, Bermuda
Website
www.paratus-energy.com

PLSV Metrics

BasicAdvanced
kr 7.9B
10.07
kr 4.81
0.71
kr 8.43
17.40%

Bulls say / Bears say

Petrobras has accepted Seagems’ bid for an additional vessel in its 2028 tender, giving Paratus a potential route to expand its contracted fleet. The award and final agreements are still pending. (Paratus Energy Services)
The Fontis sale has left Paratus with pro forma net debt of $282 million, or 1.6 times EBITDA, and $148 million in cash. This gives the company more financial headroom after it exited the jack-up business. (Paratus Energy Services)
Regulators approved extended dry-docking for five vessels, allowing each to avoid one scheduled dry-docking over its lifetime. That should lower maintenance spending and could increase earning time when the vessels are contracted. (Paratus Energy Services)
Since selling Fontis, Paratus depends on its 50% stake in Seagems; its six-vessel fleet operates in Brazil and has substantial exposure to Petrobras. This leaves the company reliant on one business and one key customer. (Splash247)
Seagems’ existing Petrobras contracts begin rolling off from 2027, while the latest tender is for contracts starting in 2028. So far, only its bid for an additional vessel has been accepted, and that award still needs to be finalised; renewed work for the existing fleet is not yet secured. (AInvest, Paratus Energy Services)
Q2 revenue fell to $71 million from $74.9 million in Q1, while adjusted EBITDA dropped to $43.5 million from $48.1 million. Fleet utilisation also slipped to 93% from 98.3% after vessel maintenance and operational incidents. (Paratus Energy Services)
Data summarised monthly by Lightyear AI. Last updated on 30 Sept 2026.

PLSV Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

PLSV Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing PLSV

Funds
Fund name
Fund size
Nkr PLSV weighting
Xtrackers MSCI Europe Small Cap€DX2J
$3.6B0.02%
Xtrackers MSCI Europe Small Cap£XXSC
$3.6B0.02%
SPDR MSCI All Country World IM€SPYI
$7.7B0.00%
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.