Education
About Us
Working with TipRanks
Follow Us
Solstad Offshore ASA (SLOFF)
:SLOFF
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.17Last Year’s EPS
-0.03Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: -16.67%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with strong operational and financial performance, introduction of dividends, and growth opportunities, particularly in Brazil and Solstad Services. However, challenges remain in specific markets like the North Sea and Australia.Company Guidance
During the Q3 2024 earnings call for Solstad Offshore ASA, key performance metrics were highlighted, showcasing robust operational success and a strong market outlook. The fleet of 39 vessels achieved a high utilization rate, with Solstad Offshore reporting an impressive 97% vessel utilization and 96% year-to-date. Financially, Solstad Offshore's EBITDA adjusted reached NOK 328 million, while Solstad Maritime reported NOK 975 million, reflecting improved commercial terms and solid operations. The company announced the introduction of quarterly dividends, with Solstad Maritime proposing NOK 0.5 per share, returning NOK 233 million to shareholders in Q3. The firm backlog was reported at NOK 4.3 billion for Solstad Offshore and NOK 7.9 billion for Solstad Maritime, with additional opportunities expected to enhance these figures. The service division, in collaboration with Omega Subsea, generated NOK 900 million in revenue year-to-date, with a 23% EBITDA margin. The company remains optimistic about future demand, particularly in regions like Brazil, and plans to continue developing its service offerings.Strong Operational Performance and High Utilization
Solstad Offshore achieved a vessel utilization of 97% for the third quarter and 96% year-to-date, indicating strong demand for services.
Introduction of Quarterly Dividends
Solstad Maritime will initiate quarterly dividends starting from the third quarter, with NOK 0.5 per share, totaling NOK 233 million returned to shareholders.
Financial Performance and Increased Guidance
EBITDA adjusted for Solstad Offshore was NOK 328 million and NOK 975 million for Solstad Maritime. The EBITDA guidance for Solstad Offshore has been increased to between NOK 1 billion and NOK 1.2 billion.
Strong Market Outlook and Backlog
The company has a firm backlog of NOK 4.3 billion for Solstad Offshore and NOK 7.9 billion for Solstad Maritime. Recent contract additions amount to $50 million.
Expansion in Brazil and Solstad Services
High activity in Brazil with ongoing projects and tenders. Solstad Services has generated NOK 900 million in revenue year-to-date with an EBITDA margin of 23%.
---
SLOFF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
SLOFF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 12, 2025 | $3.78 | $3.59 | -5.03% |
| Oct 29, 2024 | $3.04 | $3.04 | 0.00% |
| Jul 16, 2024 | $3.04 | $3.04 | 0.00% |
| May 15, 2024 | $3.04 | $3.04 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Solstad Offshore ASA (SLOFF) report earnings?
Solstad Offshore ASA (SLOFF) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Solstad Offshore ASA (SLOFF) earnings time?
Solstad Offshore ASA (SLOFF) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SLOFF EPS forecast?
SLOFF EPS forecast for the fiscal quarter 2025 (Q1) is 0.17.
---