Financial Performance - Total revenues for Q2 2025 were $376 million, compared to $351 million in Q1 2025[19] - Adjusted EBITDA for Q2 2025 was $61 million, compared to $58 million in Q1 2025[20] - Offshore Energy Services revenues increased by $13 million from Q1 2025 to Q2 2025, reaching $253 million[26, 28] - Government Services revenues increased by $66 million from Q1 2025 to Q2 2025, reaching $93 million[31] - Other Services revenues increased by $63 million from Q1 2025 to Q2 2025, reaching $31 million[36] Outlook - The company raised its 2025 total revenue outlook to $1460 - $1560 million[40] - The company raised its 2026 total revenue outlook to $1620 - $1740 million[40] - The company raised its 2025 Adjusted EBITDA outlook to $240 - $260 million[40] - The company raised its 2026 Adjusted EBITDA outlook to $300 - $335 million[40] Capital Allocation - The company made $153 million of accelerated principal payments on its UKSAR Debt facility[21, 51] - The company repurchased 119841 shares of common stock for $39 million at an average cost of $3241 per share[21, 51]

Q1 2025 Earnings Presentation President and CEO Financial Review Jennifer Whalen SVP, Chief Financial Officer 04 Concluding Remarks Chris Bradshaw May 7, 2025 Q1 2025 Earnings Call Introduction Redeate (Red) Tilahun Senior Manager, Investor Relations and Financial Reporting Operational Highlights Chris Bradshaw 02 03 Cautionary Statement Regarding Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, an ...