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StocksMedium•7 May 2026•

1 min read

SBM Offshore Hikes 2026 Revenue Guidance Following Strong Q1 Growth

Key Facts

1The company reported a 216% increase in year-to-date Directional revenue reaching US$3.5 billion.

2SBM Offshore increased its full year 2026 Directional revenue guidance from around US$6.5 billion to above US$6.9 billion.

SBM Offshore released a robust trading update for the first quarter of 2026, reporting a staggering 216% increase in year-to-date Directional revenue to US$3.5 billion. Following this strong performance, the company raised its full-year 2026 revenue guidance from approximately US$6.5 billion to over US$6.9 billion. The upward revision is driven by significant project progress and high fleet uptime across its global operations. Furthermore, the company secured a key FEED contract from ExxonMobil Guyana for the Longtail development project, strengthening its long-term pipeline. Alongside these operational wins, SBM Offshore is maintaining its shareholder return strategy through an ongoing share buyback program. This update underscores the company's leading position in the FPSO market and its ability to capitalize on favorable industry dynamics.