Golden Energy Offshore Services reported total revenues of NOK 130 million compared with NOK 52.8 million in the same quarter last year, 146 % increase.
EBITDA of NOK 54.9 million for Q3 2024, compared with NOK 15.2 million in Q3 2023, which is an NOK 39.7 million increase. Backlog of NOK 252 million firm and options of NOK 343 million. Average utilization of the fleet was 95.% and average time-charter equivalent earnings (TCE) were approx. NOK 234 000 per day for the fleet.
The Group operated seven PSVs in the market, with all vessels acquired at the end of 2023 performing successfully throughout 2024. Activity levels remained high this quarter, continuing the momentum from Q2. Operations have been strong over the summer, and we’re pleased to report that this increased activity has translated into substantial improvements in our financial results.
Basic earnings per share in Q3 2024 was NOK 0.83 compared to NOK -0,45 in Q3 2023.