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SBM Offshore posts 112% revenue jump in H1 2026, raises full-year guidance, and declares $100M interim dividend.

Company Fundamentals
06 Aug 2026
GlobeNewsWire
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Bullish
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SBM Offshore reported a 112% increase in directional revenue to $4.9 billion and a 92% rise in EBITDA to $1.3 billion for the first half of 2026, driven by strong turnkey project activity and key contract awards including FPSO SEAP I and II from Petrobras. The company raised its full-year 2026 revenue guidance to around $7.6 billion and EBITDA to about $1.9 billion, reflecting robust project progress and a strong backlog of $35.6 billion. SBM Offshore also declared a $100 million interim cash dividend payable in September and is advancing a $270 million share buyback program. The firm remains confident in the deepwater market's long-term prospects, supported by ongoing project execution and strategic investments in its Fast4Ward hull program.

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