Odfjell Drilling Q2 FY26 net profit reaches USD 57 million; revenue totals USD 251 million

Reuters2026/08/18 05:02

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Odfjell Drilling posted Q2 EBITDA of USD 162 million on operating revenue of USD 251 million; net profit totaled USD 57 million.
Other income included USD 82 million of insurance proceeds, lifting EBITDA by USD 32 million; EBIT impact was USD 4 million after a USD 28 million impairment.
Excluding insurance proceeds and related accounting impacts, EBITDA would have been USD 129 million, reflecting off-hire time on Deepsea Atlantic.
Deepsea Atlantic returned to operating and on-rate from Aug. 2 following an April 18 equipment handling incident; total off-hire reached 106 days.
Net debt fell to USD 863 million as leverage narrowed to 1.5x; quarterly dividend was USD 0.25 per share, totaling USD 60 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Odfjell Drilling Ltd. published the original content used to generate this news brief on August 18, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Odfjell Drilling Q2 FY26 net profit reaches USD 57 million; revenue totals USD 251 million

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