Strong Liquidity And Cash RunwayLarge unrestricted cash and total liquidity provide durable financial flexibility to fund operations, capex, and strategic redeployments without relying on external financing. This bolsters resilience through commodity cycles and supports multi-quarter restructuring or growth initiatives.
Consistent Operating Cash GenerationSustained operating cash conversion despite accounting losses shows the business can generate real cash from services. That cash supports reinvestment, asset optimization and debt neutrality, improving long-term viability even while earnings recover.
Drilling Segment Operational ImprovementA material, sustained rebound in Drilling revenue and record segment margins signals scalable, higher-return operations. Focusing resources on this outperforming segment plus continued portfolio optimization can structurally lift corporate margins over multiple quarters.