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Home/News Feed/BW Offshore reports Q1 2026 EBITDA of $47.9M, restarts BW Opal production, and revises full-year EBITDA guidance lower.
EQNR
$35.69
-$0.18 -0.50%

BW Offshore reports Q1 2026 EBITDA of $47.9M, restarts BW Opal production, and revises full-year EBITDA guidance lower.

Company Fundamentals
18 May 2026
GlobeNewsWire
View Source
Bullish
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BW Offshore announced Q1 2026 results with EBITDA of $47.9 million and operating cash flow of $43.3 million. Production on the BW Opal FPSO resumed after maintenance, with full commissioning expected by mid-2026. The company signed a FEED agreement with Equinor for the Bay du Nord FPSO project and extended the BW Catcher contract through 2030, boosting firm cash flow backlog by $490 million. Due to operational adjustments, the full-year EBITDA guidance was revised down to $310-340 million from $340-370 million. BW Offshore continues to focus on FPSO growth, strategic partnerships, and floating energy transition solutions, while maintaining a strong liquidity position of $568 million.

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