SBM Offshore N.V. reports Q3 results

Nov. 10, 2022 4:24 AM ETSBM Offshore N.V. (SBFFY), SBFFFBy: Meghavi Singh, SA News Editor

SBM Offshore N.V. press release (OTCPK:SBFFY): Q3 Revenue of $2.52B (+52.7% Y/Y).
The company’s 2022 Directional revenue guidance is revised from around $3.2 billion to above $3.2 billion, with guidance for the Lease and Operate segment revised from around $1.7 billion to above $1.7 billion and guidance for the Turnkey segment maintained at above $1.5 billion.
2022 Directional EBITDA guidance is also revised from above $950 million to around $1 billion.