Brief: BW Offshore Full-Year 2025 EBITDA Guidance Maintained

Bw Offshore

02/06/2025 06:39

June 2 (Reuters) - BW Offshore Ltd BWO.OL:

BW OFFSHORE Q1 EBIT USD 73.7 MILLION

BW OFFSHORE Q1 NET INCOME USD 62.2 MILLION

BW OFFSHORE Q1 EBITDA USD 91.3 MILLION

BW OFFSHORE Q1 DIVIDEND USD 0.063

FULL-YEAR 2025 EBITDA GUIDANCE MAINTAINED IN RANGE OF USD 220-250 MILLION

BW OPAL IS ON ITS WAY TO BAROSSA FIELD TO START PRODUCING GAS UNDER 15-YEAR CONTRACT, PROVIDING MATERIAL EARNINGS AND CASH FLOW TO BW OFFSHORE FROM LATER THIS YEAR

EXPECTS THAT FLEET WILL CONTINUE TO GENERATE SIGNIFICANT CASH FLOWS IN TIME AHEAD, SUPPORTED BY USD 5.4 BILLION FIRM CONTRACT BACKLOG AT END OF MARCH 2025.

WE CONTINUE TO MATURE SELECTED POTENTIAL FPSO PROJECTS THAT MEET OUR CRITERIA, WITH SOLID COUNTERPARTIES AND LONG-TERM INVESTMENT HORIZONS

EXPECTS THAT A NUMBER OF FPSO PROJECTS COMPANY IS ENGAGING WITH WILL REACH A FINAL INVESTMENT DECISION OVER NEXT 36 MONTHS

Source text: ID:nGNE8vyjCs

Further company coverage: BWO.OL

 (Gdansk Newsroom)

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