SBM Offshore lifts guidance as buyback and new FPSO work roll on
First-half surge and raised 2026 guidance First-half revenue more than doubled to 4.9 billion dollars and profit rose sharply, so management raised full-year revenue and profit targets and declared a 100 million dollar interim dividend. A record 35.6 billion dollar order backlog gives years of visible work, which supports the share price.
This is the biggest new fundamental event of the period and directly lifts earnings expectations.
New equipment and construction contracts for Brazil FPSOs SBM Offshore picked Siemens Energy to supply power and gas compression systems for the P-81 and P-87 platforms off Brazil, and its Single Buoy Moorings unit awarded BOMESC a 1.6-2.1 billion yuan topside module contract. These lock in suppliers and execution capacity for major projects.
Securing suppliers and yards for its FPSO projects reduces delivery risk and confirms the pipeline is being built.