PVD - Strong Q3 on one-off profit; PVD secures nearly all drilling contracts until end-2025 - Earnings & AM Note
  • 30 Oct 2023
  • Company Research
- PVD announced its Q3 2023 results with revenue of USD58.8mn (+9% YoY) and reported NPAT-MI of USD6.4mn vs a net loss of USD1.5mn in Q3 2022. PVD’s average jack-up (JU) day rate increased 32% YoY to ~USD78,000 in Q3 2023 and PVD’s drilling fleet operated