Norway's Solstad Maritime Q2 adjusted EBITDA rises on higher fleet activity; ups guidance

Solstad Maritime ASA

15/07/2026 06:12

Overview
Norway offshore vessel operator's Q2 adjusted EBITDA rose yr/yr on higher fleet activity
Company raised full-year adjusted EBITDA guidance to USD 360–390 mln
Q2 dividend set at $0.1/share, totaling about $47 mln

Outlook
Solstad Maritime raises and narrows 2026 full-year adj EBITDA guidance to USD 360–390 mln
Company says market conditions remain healthy, supporting positive outlook for rest of 2026

Result Drivers
HIGHER FLEET ACTIVITY - Co said solid operational and financial performance was driven by high activity across the fleet
AHTS UTILIZATION - Improved utilization in the AHTS segment contributed to Q2 performance, according to CEO Lars Peder Solstad

Company press release: ID:nWkr5HNWN8

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EBITDA
 
$88 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the marine freight & logistics peer group is "buy"
Wall Street's median 12-month price target for Solstad Maritime ASA is NOK29.50, about 6.1% above its July 14 closing price of NOK27.80
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)