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Subsea 7 (SUBCY)
OTHER OTC:SUBCY
Earnings Data
Report Date
Jul 31, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.36Last Year’s EPS
0.2Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: 8.53%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a robust financial performance with significant growth in revenue and backlog, particularly in the renewables segment. While there are challenges related to cash flow and operating losses in renewables, these are offset by strong client relationships and strategic alliances. The overall outlook remains positive with maintained guidance and a strong pipeline of projects.Company Guidance
In the first quarter of 2025, Subsea 7 reported a strong operational performance with an adjusted EBITDA of $236 million, reflecting a 46% increase year-on-year and a margin of 15%. Revenue for the quarter rose to $1.5 billion, marking a 10% increase from the previous year. The backlog for the year stands at $4.8 billion, providing over 80% visibility. The company also noted a robust cash flow with net cash generated from operating activities at $51 million, despite a $163 million build in working capital. Capital expenditure for the quarter was $76 million, and the group maintained a liquidity position of $1.2 billion. Subsea 7's financial guidance for 2025 remains unchanged, with expectations to meet the outlined targets, including planned dividends of approximately $350 million to shareholders.Strong Financial Performance
Subsea 7 delivered a Q1 adjusted EBITDA of $236 million, representing a 46% growth year-on-year and a margin of 15%. Revenue was $1.5 billion, up 10% compared to the same quarter last year.
Increased Backlog and Visibility
The backlog for execution in the remainder of 2025 is $4.8 billion, offering over 80% visibility for the year. Total firm orders valued at $10.8 billion provide a solid foundation for future revenue.
Renewables Segment Growth
Renewables revenue in Q1 was $245 million, up 37% year-on-year, with an adjusted EBITDA margin increase from 1% to 10%. This growth was driven by activity in Taiwan and early works on East Anglia THREE in the UK.
Maintained Financial Guidance
Guidance for the full year 2025 remains unchanged, with a plan to distribute approximately $350 million in dividends to shareholders.
Positive Client Relationships and Alliances
The Subsea Integration Alliance with BP and other clients continues to bring value, with new project awards and a robust tendering pipeline indicating high levels of client engagement.
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SUBCY 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
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SUBCY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2025 | $14.42 | $14.33 | -0.62% |
Feb 27, 2025 | $15.28 | $15.23 | -0.33% |
Nov 21, 2024 | $15.91 | $15.90 | -0.06% |
Jul 25, 2024 | $17.86 | $18.58 | +4.03% |
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.
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FAQ
When does Subsea 7 (SUBCY) report earnings?
Subsea 7 (SUBCY) is schdueled to report earning on Jul 31, 2025, TBA Not Confirmed.
What is Subsea 7 (SUBCY) earnings time?
Subsea 7 (SUBCY) earnings time is at Jul 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SUBCY EPS forecast?
SUBCY EPS forecast for the fiscal quarter 2025 (Q2) is 0.36.
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