PARATUS Paratus Energy Services

Rates and dividend — realized rate and declared

Bars are the fleet TCE this issuer reported. Dashed-outline bars are the model estimate — see Dividend forecast.

The line is the declared dividend per share — dashed where it is the model's estimate. Model estimate — not issuer guidance.

Forward (our model — model quarter ×4): $0.88/yr · @ $5.08 (as of 2026-10-19) = 17.3% yield (spot-exposure scenario) · Trailing TTM $0.22/yr = 4.3%

Price and the yield it implied

Latest: 2026-Q2 declared $0.22/share on 2026-08-28, 16.6% annualised against the $5.29 close that day.

The continuous line is the daily closing price in dollars — the raw close, not a dividend-adjusted one, which would back-adjust away the very payouts being measured. The second line carries 3 declared dividends and is marked nowhere else — each annualised ×4 and divided by the close on, or last before, the day it was declared. A quarter with no dividend has no mark. The segments between the marks connect them; they are not measured. This is what the share yielded at the time, not what those dividends would yield at today's price. Prices start 2025-08-29, so anything declared before then is not plotted.

How to read this page

Every figure here is built the same way: the fleet's vessel-days are priced at the rate its classes earned, costs and debt service come off, and what is left is measured against the dividend the company actually declared. Nothing is estimated where it can be sourced, and a number that cannot be sourced is withheld rather than filled in. The full method, and the rates behind it →

Where PARATUS departs from that

• No market index covers this fleet's vessel types, so each is priced at the company's own last realized rate per calendar vessel-day (revenue divided by vessel-days), held flat — the revenue track record shows how that has done.

Earnings bridge — 2026Q2 → 2026Q3

Latest quarter 2026Q2 2 qtrs old

6× plsv current

Revenue model track record model vs realized

Each quarter priced at the previous quarter's realized rate, held flat — the figure the model holds once that quarter is reported — against the rate the fleet actually realized. Average miss 6.8% over 5 backtested quarters.

Backtest rows apply today's rule to past quarters using only the prior quarters' reported rates; live rows are the forecast as frozen on the date shown. Revenue is rate × vessel-days, so a miss here is a rate miss.

Fleet model — 2026Q3

Fleet model estimate — not issuer guidance.

Guided rates are issuer-booked cover for 2026Q3 blended with the company's own realized rates for the open days.

Bear uses booked coverage only; Base prices open vessels at the company's own last realized fleet rate — no market index covers this fleet, so there is no peak-index Bull case.

Declared $0.22 in each of the last 3 quarters — the forward figure is the rate itself, not a TCE-linked model. No share count on file, so this rate is not checked against modelled cash.

Profit statement highlights

reconciliation: insufficient data for an earnings bridge (2026Q2) earnings bridge incomplete — treat income-derived figures as provisional

Realized fleet TCE

Benchmark comparison will appear once issuer-printed benchmark data is available.

Benchmark index — monthly average

Benchmark index monthly average: 5 points, 2025-08-01 to 2026-04-01; HE semi dayrate (fixtures) latest 450,000.00; 7th-gen drillship (fixtures) latest 357,250.00; 6th-gen drillship (fixtures) latest 300,000.00; Jackup dayrate (fixtures) latest 150,000.00.