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Gulf Marine Services ( (GB:GMS) ) has provided an announcement.
Gulf Marine Services (GMS) has announced an upward revision to its EBITDA guidance for 2024 and 2025, with expectations for 2024 adjusted EBITDA to reach the upper end of USD 98-100 million. For 2025, the guidance has been increased to USD 100-108 million, up from the previous forecast of USD 92-100 million. This positive revision is attributed to strong demand for GMS’s vessels, which has led to higher utilization and charter rates, supporting the company’s efforts to deliver enhanced value to clients and investors as it transitions into a more agile organization.
More about Gulf Marine Services
Gulf Marine Services PLC, founded in Abu Dhabi in 1977 and listed on the London Stock Exchange, is a leading provider of advanced self-propelled, self-elevating support vessels (SESVs) for the offshore energy sector. The company serves clients globally with a fleet of 13 SESVs, supporting a wide range of offshore activities including platform maintenance, well intervention, and wind turbine maintenance. GMS operates primarily in the Middle East, South East Asia, West Africa, North America, the Gulf of Mexico, and Europe.
YTD Price Performance: 6.21%
Average Trading Volume: 4,021,366
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £164.8M
Learn more about GMS stock on TipRanks’ Stock Analysis page.
