Guilherme Coelho
CEO & Director
Good morning, good afternoon, everybody, and welcome to Ventura Offshore’s Q1 2026 Earnings Name. My title is Guilherme Coelho, I am the CEO of Ventura Offshore. And I would prefer to thanks all for becoming a member of us immediately.
Right here with me are Marcelo Issa, our CFO; Mardonildo Filho, our Chief Technique Officer; and Olav Amri, our Monetary Adviser. And we’ll present you an outline of our efficiency between January and March of this 12 months, a short overview of the market, and on the finish, open for questions. [Operator Instructions]
So subsequent slide, that is our disclaimer, which you guys are acquainted with.
Okay. So very glad to report our sturdy operational efficiency within the first quarter of the 12 months, with an uptime of 96.8%, in step with the continual enchancment we’ve been observing since final 12 months. One other key spotlight for the quarter, in Q1, Ventura Offshore has delivered an adjusted EBITDA of $21.5 million and a web earnings of $25.8 million.
Once more this quarter, we maintained our industry-leading value construction, working with a mean OpEx of $106,700 per day, excluding ancillary service for the Catarina, that are totally reimbursed by the client with a markup margin. So once more, demonstrating our value self-discipline all through the quarters and the years. I have been having this name with you now for two years, and proud to see that we have been capable of display our value management since our name #1.
We additionally closed the quarter with a robust free money place of $37.2 million. That is previous to the bond faucet that we’ll speak about in a second. On uptime, as I already indicated, we delivered
