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BWO Bw Offshore News Story

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Brief: BW Offshore Reports Q1 EBITDA At $47.9 Mln, Cuts Guidance

May 18 (Reuters) - BW Offshore Ltd BWO.OL:

Q1 DIVIDEND USD 0.063

Q1 OPERATING REVENUE $130.2 MILLION

Q1 EBITDA USD 47.9 MILLION

Q1 NET INCOME USD 23.4 MILLION

Q1 ADJUSTED FREE CASH FLOW USD 43.3 MILLION

Q1 EBIT USD 27.5 MILLION

Q1 OPERATING CASH FLOW USD 43.3 MILLION

REVISES FY2026 EBITDA GUIDANCE TO USD 310-340 MILLION

REVISES GUIDANCE DUE TO REDUCED COMMERCIAL UPTIME ON BW OPAL, AMENDED TERMS FOR BW CATCHER

PREVIOUS GUIDANCE: EBITDA OF USD 340 to 370 MILLION

OUTLOOK: BW OFFSHORE EXPECTS THAT CURRENT FLEET WILL CONTINUE TO GENERATE SIGNIFICANT CASH FLOW IN TIME AHEAD

Source text: ID:nGNE7MH5ZW

Further company coverage: BWO.OL

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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