Solstad Offshore ASA (SLOFF)
OTHER OTC:SLOFF
Earnings Data
Report Date
Jul 15, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.37Last Year’s EPS
0.42Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a largely positive overall picture: strong balance sheet improvements (higher cash, lower net debt, higher equity), higher full-year revenue, materially larger backlog and substantial contract awards in 2025, and continued market momentum (especially in Brazil). Offsetting these positives were a weak fourth quarter driven by two vessels between contracts, lower Q4 EBITDA and net result, weaker JV performance, and a conservative 2026 operational EBITDA guidance that excludes associate contributions. Management’s confidence in securing longer-term work (notably for Normand Maximus) and the intention to exercise the in‑the‑money purchase option—while preserving cash and planning mixed financing—mitigate some execution risks but leave some timing and funding uncertainties for 2027 and beyond.Company Guidance
Full-Year Adjusted EBITDA Within Guidance
Reported adjusted EBITDA for 2025 was $126 million, inside the guidance range of $120–$150 million (despite weaker Q4 operational performance). Year-to-date adjusted EBITDA was down modestly vs. 2024 (126 vs. 132, -4.5%).
Revenue Growth
Full-year revenue increased to $290 million from $262 million in 2024 (+$28 million, +10.7% Y/Y). Fourth-quarter revenue rose to $70 million from $65 million (+$5 million, +7.7% Y/Y).
Backlog and Order Intake Expansion
Firm backlog at year-end was $325 million vs. $227 million last year (increase of ~$98 million, +43.2% Y/Y). Q4 order intake was $84 million and total contract value signed in 2025 (including vessels from Solstad Maritime on Petrobras contracts) exceeded $700 million.
Stronger Balance Sheet and Liquidity
Year-end cash position improved to $74 million from $34 million (+$40 million, +117.6% Y/Y). Adjusted net interest-bearing debt reduced to $51 million from $124 million (decrease of $73 million, -58.9%). Book equity increased to $425 million from $288 million (+$137 million, +47.6%), yielding an equity ratio of ~50%.
Profitability — Full-Year Net Result Up
Full-year net result improved to $141 million from $118 million in 2024 (+$23 million, +19.5% Y/Y), demonstrating strong overall profitability for the year despite Q4 operational noise.
Contract Wins and Fleet Deployment
Normand Tonjer secured a contract in Asia Pacific with immediate commencement (securing utilization through end-2026). Normand Topazio to begin a new 4-year Petrobras contract at end of March 2026, and several Solstad Maritime vessels are fixed to Petrobras on long-term contracts, strengthening medium-term revenue visibility.
Dividends and Capital Return
Company received ~$4 million dividend from associate Solstad Maritime for Q4 and proposed distributing ~$4 million to Solstad Offshore shareholders for Q4 (total distributions ~$8 million over last two quarters).
Positive Market Trends and Geographic Demand
Management reported increased demand over the past 4–5 months continuing into 2026, notably strong activity in Brazil (about half the combined fleet there, ~20 vessels present) and improved supply-demand balance in anchor handling in the North Sea supporting utilization and spot rates.
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 |
|---|---|---|---|
May 07, 2026 | $6.66 | $6.76 | +1.49% |
Feb 12, 2026 | $5.24 | $5.08 | -2.98% |
Oct 30, 2025 | $4.29 | $4.10 | -4.38% |
Jul 14, 2025 | $4.49 | $4.69 | +4.52% |
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 Jul 15, 2026, TBA (Confirmed).
What is Solstad Offshore ASA (SLOFF) earnings time?
Solstad Offshore ASA (SLOFF) earnings time is at Jul 15, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is SLOFF EPS forecast?
SLOFF EPS forecast for the fiscal quarter 2026 (Q2) is 0.37.