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Vantage Drilling International
Vantage Drilling International (VTDR) investor relations material
Vantage Drilling International Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary26 May, 2026
Executive summary
Achieved net income attributable to shareholders of $0.4 million ($0.03 per diluted share) for Q1 2026, reversing a net loss of $18.9 million ($1.42 per diluted share) in Q1 2025.
Strong operational performance from Tungsten Explorer in Congo and Topaz Driller in Malaysia; Platinum Explorer preparing for a three-year contract valued at $261 million.
Financial highlights
Total revenue for Q1 2026 was $47.2 million, up from $46.4 million in Q1 2025.
EBITDA for Q1 2026 was $(3.5) million, an improvement from $(6.1) million in Q1 2025.
Cash and equivalents at March 31, 2026, were $65.3 million, down from $97.0 million at December 31, 2025.
Operating costs and expenses increased to $43.96 million from $29.44 million year-over-year.
Outlook and guidance
Platinum Explorer secured a three-year firm contract worth $261 million, with an additional one-year option, supporting future revenue visibility.
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Latest events from Vantage Drilling International
- Returned to profitability, paid major dividend, and secured a $261M long-term contract.VTDR
Q4 202526 Mar 2026 - Q2 2024 delivered safe operations, $49.8M revenue, and a $261.5M contract backlog.VTDRQ2 20241 Feb 2026
- Q3 2024 featured robust safety, asset sales, Oslo listing, and improved liquidity despite lower revenue.VTDRQ3 202415 Jan 2026
- Asset sales and higher utilization drove profitability and improved liquidity in 2024.VTDRQ4 202426 Dec 2025
- Q3 2025 net income hit $67.2M, driven by asset sales, upgrades, and strong cash growth.VTDRQ3 202525 Nov 2025
- Q2 2025 saw a $16M net loss, major asset sale, and a new long-term management agreement.VTDRQ2 202523 Nov 2025
- Q1 2025 featured strong safety, major JV progress, $31.9M revenue, and $18.9M net loss.VTDRQ1 202520 Nov 2025
Next Vantage Drilling International earnings date
Q2 202613 Aug, 2026
Vantage Drilling International
Next Vantage Drilling International earnings date
Q2 202613 Aug, 2026
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