SBM Offshore raises 2026 guidance after strong first half, lifted by Brazil and Guyana

SBM Offshore raised its 2026 revenue and profit outlook after first-half revenue more than doubled, sending shares up 8.4%. H1 directional revenue reached $4.9 billion, up 113%, with EBITDA of $1.3 billion, up 95%. Backlog hit a record $35.6 billion. The company now guides 2026 revenue to about $7.6 billion and EBITDA to about $1.9 billion. Growth was driven by the ONE GUYANA sale, strong project execution, and new awards in Brazil and Guyana. The company reaffirmed a $440 million total cash return target for 2026.