SBM Offshore reported a 77% increase in year-to-date Directional revenue to $6.3 billion, driven mainly by its Turnkey segment. The company raised its full-year 2026 revenue guidance from $7.6 billion to around $7.9 billion and its EBITDA guidance to above $1.95 billion, reflecting strong project execution and fleet performance. Key projects like the Longtail FPSO and SEAP contracts are progressing well, with the fleet maintaining 99% uptime. SBM Offshore also continues its share repurchase program and plans to return at least $2.1 billion to shareholders through 2031, focusing on disciplined growth and value creation.
SBM Offshore's third quarter update provides context for energy sector performance. For readers following energy stocks, here is Pluang's market snapshot as of Nov 12, 2026 11:31 WIB: 71 of 79 priced US energy stocks rose today. Notable movers include TDW at USD 78.91 (+6.66%), PBF at USD 69.61 (+5.61%), and VG at USD 12.66 (+5.50%).
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