Eddie Kim

“Just want to touch on the preliminary 2027 EBITDA guidance of $430 million to $480 million, which spans a fairly wide range there. Just curious, which two or three of the largest operational assumptions separating the low end from the high end there, and which segments account for most of that $50 million spread?”

“Just curious if there's any concern on the timing of that ESA potentially getting pushed out to early 2027 in light of data centers now being a political headwind, or if your confidence level on that ESA by December is pretty firm at this point.”

“So this is the second consecutive quarter where you've raised full-year guidance, which is particularly notable as offshore drillers are more commonly known at the lower foliar guidance center raise.”

“I just wanted to touch on your involvement and opportunity in geothermal. You mentioned you recently signed agreements for three rigs on geothermal projects in the U.S. And said you have some other projects in the U.S. and Europe.”

“The outlook was very constructive with the expectation to see utilization of high-spec rigs exceeding 90% next year and approaching 100% by the end of next year.”