Sbm Offshore Stock Price, News & Analysis

SBM Offshore reported strong Q1 2025 performance with Directional revenue of US$1.1 billion, up 27% year-over-year. The company maintained its 2025 guidance with revenue above US$4.9 billion and EBITDA around US$1.55 billion. Key developments include:

- Paid EUR150 million cash dividend (EUR0.8606 per share) and launched EUR141 million share buyback program - Achieved first oil for FPSO Almirante Tamandaré; FPSOs Alexandre de Gusmão and ONE GUYANA on track for 2025 - Completed US$400 million sale and leaseback for FPSO Cidade de Paraty - Increased revolving credit facility to US$1.1 billion - Signed strategic agreement with Microsoft for carbon-free floating power solutions

The company's pro-forma Directional backlog stands at US$35.1 billion, with expected generation of US$9.5 billion. Fleet uptime reached 99.5%, and the company maintains its commitment to deliver minimum US$1.7 billion cash return to shareholders by 2030.

SBM Offshore has reported the latest transaction details of its EUR141 million (US$150 million) share repurchase program for May 8-14, 2025. The program, announced on February 20, 2025, and effective from April 24, 2025, aims to reduce share capital and provide shares for management and employee share programs.

Key highlights of the program progress include:

• Cumulative repurchase amount: EUR 9.53 million
• Total shares repurchased: 516,113
• Average repurchase price: EUR 18.47
• Program completion: 6.75%

In the past week, the company repurchased 176,316 shares at an average price of EUR 18.89, totaling EUR 3.33 million. All purchases were executed via Euronext Amsterdam, CBOE DXE and Turquoise.

SBM Offshore (SBFFF) has reported the latest transaction details of its ongoing EUR141 million (US$150 million) share repurchase program for May 1-7, 2025. The program, announced on February 20 and launched on April 24, 2025, aims to reduce share capital and provide shares for employee programs. Key highlights include:

- Total repurchased amount: EUR 6.2 million (4.39% of program completed)
- Cumulative shares repurchased: 339,797
- Average repurchase price: EUR 18.25
- Latest week transactions: 142,797 shares at average EUR 18.55

All purchases were executed via Euronext Amsterdam, CBOE DXE and Turquoise exchanges.

SBM Offshore has reported details of its EUR141 million (approximately US$150 million) share repurchase program for April 24-30, 2025. The program, announced on February 20, 2025, aims to reduce share capital and provide shares for management and employee share programs.

Key highlights:

• Total repurchase amount: EUR 141.19 million
• Cumulative shares repurchased: 197,000
• Average repurchase price: EUR 18.04
• Program completion: 2.52%

As the world's deepwater ocean-infrastructure expert, SBM Offshore focuses on cleaner energy production and blue economy markets. The company employs over 7,800 people globally and conducts share purchases through Euronext Amsterdam, CBOE DXE, and Turquoise exchanges.

SBM Offshore has announced the completion of its EUR130 million share repurchase program from 2024 and the launch of a new EUR141 million (US$150 million equivalent) program starting April 24, 2025. The completed program resulted in 7,978,332 shares repurchased at an average price of EUR16.29 per share.

The new buyback program aims to reduce share capital and provide shares for management and employee share programs (max US$25 million). Expected to conclude by February 26, 2026, the program will be executed under safe harbor provisions, allowing transactions during closed periods. The remaining repurchased shares will be cancelled.

The 2024 program's final transactions from April 17-23, 2025, saw 136,375 shares purchased at an average price of EUR17.23, totaling EUR2,349,344.

SBM Offshore has reported details of its EUR130 million (US$140 million) share repurchase program for April 10-16, 2025. The program, initially announced at EUR65 million on February 29, 2024, was increased by an additional EUR65 million on August 8, 2024.

As of April 16, 2025, the company has completed 98.19% of the program, repurchasing 7,841,957 shares at an average price of EUR16.28, totaling EUR127,650,637. During the latest reporting period, 239,522 shares were repurchased at an average price of EUR16.59, amounting to EUR3,973,567.

The primary objectives of this share repurchase program are to reduce share capital and provide shares for regular management and employee share programs. All purchases were executed through Euronext Amsterdam, CBOE DXE, and Turquoise.

SBM Offshore has secured a new US$1.1 billion unsecured Revolving Credit Facility (RCF) with a consortium of 13 international banks, replacing its existing US$1.0 billion facility that was set to expire in February 2026. The new facility features:

• A five-year tenor with two one-year extension options
• An uncommitted option to increase by US$500 million
• A dedicated green tranche of US$100 million for eligible projects

As the world's deepwater ocean-infrastructure expert, SBM Offshore will utilize this RCF to finance general corporate purposes and working capital needs during floating production solutions construction. The successful syndication with increased facility size demonstrates strong continued support from global financial institutions.

SBM Offshore (SBFFF) reports progress on its EUR130 million (US$140 million) share repurchase program for April 3-9, 2025. The program, initially announced at EUR65 million on February 29, 2024, and doubled to EUR130 million on August 8, 2024, aims to reduce share capital and provide shares for employee programs.

As of April 9, 2025, the program is 95.14% complete, with EUR123.67 million spent to repurchase 7,602,435 shares at an average price of EUR16.27. In the latest trading week, 224,004 shares were bought at an average price of EUR17.28, totaling EUR3.87 million.

SBM Offshore (SBFFF) held its Annual General Meeting on April 9, 2025, where shareholders approved all proposed resolutions. Key decisions include the re-appointment of Douglas Wood as Management Board member and CFO, and Ingelise Arntsen as Supervisory Board member.

Shareholders approved a cash dividend of EUR150 million, equivalent to EUR0.8606 per ordinary share, payable on May 6, 2025, to shareholders of record as of April 14, 2025. ABN AMRO will execute the dividend payment and offers a Dividend Reinvestment Plan (DRIP) allowing shareholders to reinvest their net dividend into company shares.