Ole Hjertaker
Management
Thank you, Espen. We are now announcing our 83rd dividend and continue building our unique profile as a maritime infrastructure company with a diversified fleet. We reported revenues of more than $260 million this quarter, and the EBITDA equivalent cash flow in the quarter was approximately $167 million, which is significantly up from the second quarter. Over the last 12 months, the EBITDA equivalent has been $580 million. The net income came in at around $45 million in the quarter or $0.34 per share. And we had positive contributions relating to profit share on Capesize bulkers and fuel cost savings or $4.2 million in the quarter, offset by approximately $5.6 million in negative non-cash mark-to-market and one-off items. Due to U.S. GAAP accounting rules, the revenue and expense in the quarter for the drilling rig Hercules also includes the mobilization period that started in the second quarter. Our CFO, Aksel Olesen, will give more details on this when he goes through the numbers for the quarter. Our fixed rate backlog stands at approximately $4.7 billion. And importantly, two-thirds of this is to customers with investment-grade rating, giving us a unique cash flow visibility. This backlog figure excludes revenues from the vessels trading in the short-term market and also excludes revenues on the new dual-fuel chemical carrier that will operate in a pool with Stolt Tankers. It also excludes future profit share optionality, which we have seen can contribute significantly to our net income. And in line with our commitment to return value to shareholders, we are paying a quarterly dividend of $0.27 per share or around 10% dividend yield. Most of our vessels are on long-term charters, and we have over the last 10 years, completely transformed the company's operating model, making us relevant for large end users like Maersk,…