SBM Offshore N.V., the offshore energy infrastructure specialist based in Amsterdam, announced that its directional revenue for the first three quarters of 2026 reached US$6.3 billion, representing a 77 % year‑to‑date increase over the comparable period in 2025. On the back of this performance, the company lifted its full‑year 2026 directional revenue guidance to approximately US$7.9 billion, up from the prior outlook of around US$7.6 billion, and raised its directional EBITDA target to above US$1.95 billion, compared with the earlier expectation of roughly US$1.9 billion.
In the Turnkey segment, revenue jumped 132 % year‑on‑year to US$4.6 billion, driven primarily by the February sale of the FPSO ONE GUYANA, new FEED contracts for the Longtail development project, contracts for SEAP I and SEAP II, and the June divestment of a 45 % ownership interest in FSO Chalchi to Nippon Yusen Kabushiki Kaisha. Directional Lease‑and‑Operate revenue grew 10 % to US$1.8 billion, reflecting a revised fleet composition after the addition of the FPSOs Almirante Tamandaré, Alexandre de Gusmão and ONE GUYANA in 2025, together with higher reimbursable scope and strong vessel availability.
CEO Øivind Tangen stated that the quarter demonstrated disciplined project execution and high fleet availability, underpinning the revenue uplift. Directional net debt stood at US$3.6 billion at the end of Q3 2026, a 36 % reduction from the end‑2025 level, mainly due to the proceeds from the ONE GUYANA sale and associated debt repayments. The company also paid an interim cash dividend of US$100 million and has completed roughly 72 % of its US$270 million share‑repurchase programme, confirming its commitment to return at least US$2.1 billion to shareholders through 2031.