SBM Offshore raises 2026 outlook as Q1 revenue triples
SBM Offshore raised its 2026 revenue guidance on Thursday after first-quarter revenue rose 216% to $3.49 billion. The growth was driven by the sale of the One Guyana vessel. Full-year revenue is now expected to exceed $6.9 billion.
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SBM OFFSHORE NV raised its 2026 revenue guidance to above $6.9 billion after Q1 directional revenue tripled to $3.49 billion. The Netherlands-based firm benefited from the $2.3 billion sale of the One Guyana vessel to EXXON MOBIL CORP in February. Record turnkey revenue and falling debt levels provide room for SBM to expand its $2.1 billion shareholder return program.
