SBM Offshore boosts shareholder returns to 470 million

SBM OFFSHORE NV, the Netherlands-based offshore energy services provider, has announced a record $470 million in shareholder returns for the year, representing a 57% annual increase. The company also unveiled a long-term capital allocation strategy, pledging to return at least $2.1 billion to investors over the next six years. This plan is supported by strong operational performance and the early transfer of the FPSO ONE GUYANA unit to Exxon Mobil Corporation.

The total payout for the period includes a $200 million dividend and a $270 million share buyback program, equating to a distribution of $2.57 per share. Financial officer Douglas Wood stated that the company’s current contract portfolio provides significant visibility for future distributions.

Contracted cash flows over the next six years will more than cover the plan to boost shareholder returns.

Wood added that there is potential for further growth beyond the current projections based on existing agreements.

Theres even some upside from the contracts that we already have on our order book.

For the 2025 fiscal year, the company reported directional earnings before interest, taxes, depreciation, and amortisation (EBITDA) of $1.7 billion, exceeding the $1.65 billion estimated by analysts. While the directional order backlog decreased to $31.1 billion from $35.1 billion due to the early asset sale, the firm expects to replenish its pipeline through new contract wins.

If we win new awards, we should start to see the backlog rebuild this year.

Looking toward 2026, the company has set a baseline directional revenue target of approximately $6.5 billion and an operating profit of $1.8 billion. CEO Oivind Tangen addressed the impact of trade policies in the United States, noting that market volatility is currently strengthening the position of oil and gas operations within the Atlantic region.

It is reinforcing oil and gas fundamentals in the Atlantic region, making business stronger and more durable.

The company’s focus on the deepwater segment provides a competitive advantage, as lower production costs per barrel in these areas help insulate the business from broader oil price volatility.