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SBM Offshore (SBFFF) delivers cutting-edge floating production solutions for the global energy sector. This page provides investors and industry professionals with centralized access to official announcements, financial disclosures, and operational updates.
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SBM Offshore has provided an update on its EUR65 million share repurchase program for the period between May 30, 2024, and June 5, 2024.
The company repurchased 118,423 shares at an average price of EUR 14.06, totaling EUR 1,665,569. Since the program began on March 1, 2024, SBM Offshore has repurchased 1,671,454 shares at an average price of EUR 14.13, amounting to EUR 23,609,901. This represents 36.32% of the total program completion.
The objective of the repurchase program, announced on February 29, 2024, is to reduce share capital. Detailed information regarding the program's progress and individual transactions can be found on SBM Offshore's website.
SBM Offshore specializes in designing, building, installing, and operating offshore floating facilities for the energy industry, aiming for a responsible energy transition. Key upcoming dates include the Half Year 2024 Earnings on August 8, 2024, and the Third Quarter 2024 Trading Update on November 14, 2024.
SBM Offshore has provided details of their EUR 65 million (approx. USD 70 million) share repurchase program for the week of May 23-29, 2024. The program, started on March 1, 2024, aims to reduce share capital. As of May 29, 2024, 33.76% of the program has been completed with a cumulative repurchase amount of EUR 21,944,332 for 1,553,031 shares at an average price of EUR 14.13. During the last five trading days, a total of 143,549 shares were repurchased at an average price of EUR 13.85, totaling EUR 1,987,563. Detailed transaction information is available on the company's website.
SBM Offshore has reported details regarding its EUR 65 million (approx. USD 70 million) share repurchase program for the period of May 16 to May 22, 2024. The program, which commenced on March 1, 2024, aims to reduce share capital. As of May 22, 2024, EUR 19,956,769 has been repurchased, representing 30.70% of the total program.
In the last five trading days, a total of 157,894 shares were repurchased at an average price of EUR 13.94, amounting to EUR 2,201,095. The program details are available on the company's website under the Investor section. SBM Offshore specializes in designing, building, and operating offshore floating facilities and is committed to reducing emissions from fossil fuel production while developing alternative energy solutions.
On May 15, 2024, SBM Offshore disclosed the latest details of its EUR 65 million (approximately US$70 million) share repurchase program covering the period from May 9 to May 15, 2024. This program, initiated on March 1, 2024, aims to reduce share capital. As of May 15, 2024, SBM Offshore has repurchased shares worth EUR 17,755,674, representing 27.32% of the total program. During the last five trading days, the company repurchased a total of 192,150 shares at an average price of EUR 14.01, amounting to EUR 2,691,105. All transactions were executed on Euronext Amsterdam, CBOE DXE, and Turquoise exchanges. Detailed transaction data can be accessed on the company's investor relations website.
SBM Offshore reported transaction details related to its EUR65 million (c. US$70 million) share repurchase program for the period May 2, 2024 through May 8, 2024. The objective is to reduce share capital. Details include total repurchase amount, cumulative repurchase amount, cumulative quantity repurchased, average repurchase price, and program completion percentage. Individual transaction details for the last 5 trading days are provided.
SBM Offshore reported year-to-date Directional revenue of US$871 million, maintaining full-year guidance. A cash dividend of US$150 million was approved, along with a share repurchase program of EUR65 million. Significant contract awards and partnerships were highlighted, including the FPSO Jaguar project and the MoU with Technip Energies to create a Floating Offshore Wind JV. Financially, Directional revenue increased by 17% to US$871 million, with net debt increasing to US$6,842 million. Operational updates on various FPSO projects were provided, emphasizing safety, sustainability, and the company's cash return initiatives. Guidance for 2024 revenue and EBITDA was maintained, with a conference call scheduled for further discussion.
SBM Offshore has reported transaction details related to its EUR65 million share repurchase program for the period April 25, 2024, through April 30, 2024. The repurchase program aims to reduce share capital, with a total repurchase amount of EUR 65,000,000 and a cumulative repurchase amount of EUR 13,440,301. The company has repurchased 943,205 shares at an average price of EUR 14.25. The progress of the program can be accessed on the company's website. SBM Offshore designs, builds, installs, and operates offshore floating facilities for the energy industry, focusing on a responsible energy transition.