Q2 2026 revenue rose 4.9% sequentially to $342.3M, with net income of $21.7M and Adjusted EBITDA of $133.8M. Gross margin was 46.9%, and average day rates and utilization improved. 2026 guidance was updated to $1.42–$1.47B revenue and 49–50% gross margin, reflecting ongoing Middle East conflict cos…
Q2 2026 revenue rose 4.9% sequentially to $342.3M, with net income of $21.7M and Adjusted EBITDA of $133.8M. Gross margin was 46.9%, and average day rates and utilization improved. 2026 guidance was updated to $1.42–$1.47B revenue and 49–50% gross margin, reflecting ongoing Middle East conflict costs and a delayed acquisition.
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