SBM OFFSHORE NV ORD - SBFFF STOCK NEWS

SBM Offshore has significantly increased its 2024 guidance following major developments. The company's Directional EBITDA guidance was raised by 46% to around US$1.9 billion, while revenue guidance increased by 58% to above US$6.0 billion. Key highlights include the sale of FPSO Prosperity to ExxonMobil Guyana, the expected sale of FPSO Liza Destiny by year-end, and TotalEnergies' contract award for an FPSO in Suriname. The company's YTD Directional revenue reached US$2,838 million, up 26% year-over-year, with both Lease and Operate and Turnkey segments showing strong growth.

SBM Offshore reports progress on its EUR130 million share repurchase program for November 7-13, 2024. The program, initially launched at EUR65 million and later doubled, aims to reduce share capital and provide shares for employee programs. As of November 13, 2024, the company has repurchased 4,848,640 shares at an average price of EUR15.29, completing 57.02% of the program with EUR74,124,488 spent. In the last five trading days, 101,647 shares were repurchased at an average price of EUR17.58, totaling EUR1,787,022.

SBM Offshore and ExxonMobil Guyana have completed the sale transaction of FPSO Prosperity for approximately US$1.23 billion. The deal was finalized ahead of the maximum lease term's expiration in November 2025. Under the agreement, ExxonMobil Guyana takes ownership while SBM Offshore will continue operations and maintenance until 2033. The net proceeds will be used to repay the US$0.98 billion project financing, reducing SBM Offshore's debt position. The FPSO Prosperity has been operational since November 2023, and will continue operating under an integrated model combining both companies' expertise.

SBM Offshore reports progress on its EUR130 million (c. US$140 million) share repurchase program from October 31 to November 6, 2024. The program, initially announced at EUR65 million and later doubled, aims to reduce share capital and provide shares for employee programs. As of November 6, 55.64% of the program is completed, with EUR72.3 million spent to repurchase 4.7 million shares at an average price of EUR15.24. The latest week saw 140,002 shares purchased at an average price of EUR16.96, totaling EUR2.37 million.

SBM Offshore reports progress on its EUR130 million (c. US$140 million) share repurchase program for October 24-30, 2024. The program, initially announced at EUR65 million and later increased by another EUR65 million, aims to reduce share capital and provide shares for employee programs. As of October 30, 2024, the company has completed 53.82% of the program, repurchasing 4,606,991 shares at an average price of EUR15.19, totaling EUR69,962,823. In the last five trading days, 192,010 shares were repurchased at an average price of EUR16.69, amounting to EUR3,204,955.

SBM Offshore has completed the divestment of a 13.5% ownership interest in the FPSO Sepetiba special purpose companies to China Merchants Financial Leasing (CMFL). This follows their February 2022 agreement, which stipulated CMFL would acquire the interest after the FPSO commenced operations. SBM Offshore remains the operator and majority shareholder with 51% ownership. The FPSO Sepetiba is installed at the Mero unitized field in Brazil's Santos Basin, operated by Petrobras (38.6%) in partnership with Shell Brasil (19.3%), TotalEnergies (19.3%), CNPC (9.65%), CNOOC (9.65%), and PPSA (3.5%).

SBM Offshore reported details of its EUR130 million share repurchase program for October 17-23, 2024. The program, initiated on March 1, 2024, with EUR65 million and increased by another EUR65 million in August 2024, aims to reduce share capital and provide shares for employee programs. As of October 23, 2024, the company has completed 51.35% of the program, repurchasing 4,414,981 shares at an average price of EUR15.12, totaling EUR66.7 million. In the last five trading days, 172,112 shares were repurchased at an average price of EUR16.85.

SBM Offshore reports the transaction details of its EUR130 million share repurchase program for October 10-16, 2024. The program, announced on February 29, 2024, and increased on August 8, 2024, aims to reduce share capital and provide shares for employee programs. Key points:

- 49.12% of the program completed as of October 16, 2024
- Cumulative Repurchase Amount: EUR 63,858,295
- Cumulative Quantity Repurchased: 4,242,869 shares
- Cumulative Average Repurchase Price: EUR 15.05

In the last 5 trading days, 132,114 shares were repurchased at an average price of EUR 17.01, totaling EUR 2,247,262. All shares were purchased via Euronext Amsterdam, CBOE DXE, and Turquoise.

SBM Offshore reports transaction details for its EUR130 million share repurchase program from October 3-9, 2024. The program, announced on February 29, 2024, and increased on August 8, 2024, aims to reduce share capital and provide shares for employee programs. As of October 9, 2024:

- 47.39% of the program completed
- EUR 61,611,032 cumulative repurchase amount
- 4,110,755 shares repurchased
- EUR 14.99 average repurchase price

In the last 5 trading days, 123,139 shares were repurchased at an average price of EUR 17.04, totaling EUR 2,097,809. All purchases were made via Euronext Amsterdam, CBOE DXE, and Turquoise.