good Owen, everyone. and Thanks, morning,
a teams utilization Firstly, positive the high onshore year contracting well, some market one I as have well longer-term to our projects would conditions. improved the as and reacted teams ago, securing like has thank for shift rates another and to quarter. been compared with well-executed huge There offshore in
with conditions continue and employees, are firm relationships improved. much We hold clients. strong partners to Market our and
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for standards at operate the to strong efficiency quarter. continue We uptime high with
Moving on XX. Slide to
the significant $X $XXX million producing of EBITDA of produced During the margin $XX against XXXX. $XXX for quarter first a revenue revenues quarter in million, of we gross in and resulting EBITDA profit a generating of of million, of profit million a first the quarter, $XX of X%, gross million, improvement
due During APAC the utilization the regulatory first the quarter, down the Seawell QXXXX Enhancer. region transits QXXXX, fleet of and globally, the and to quarter-over-quarter paid XX% intervention to at the maintenance Well scheduled well achieved QXXXX the of
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Our and achieving higher improved business rates. has much seen utilization
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detail and for Helix recent Alliance the XX Slide utilization. vessel provides systems
our Before would XXXX and in efficiency. expansion. is that Helix like results partners for again I shaping I producing vessels new thank to hand and with again to to We've some Brent, added the service have operational geographical quarter, good over the two for call chartered Helix. ready line employees assets led a well up added strong and
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we with contracts in and contracted a few position long-term some conditions. for next utilization well For years, in the spot one expect to improving our high be strong assets terms rates generally better
now to turn I'll the over Brent. call
