SBM Offshore updates buyback as SBM Offshore stock sits 6.39 percent below high

Published on 10/05/2026 at 13:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The buyback reached 59.69 percent completion on September 30, 2026. SBM Offshore stock costs EUR 35.01 on October 5, 2026 versus EUR 34.79.

Isometrische 3D-Grafik der Offshore-Öl- und Gas-Produktionskette mit Plattform und Tanker — Isometrisches 3D-Diagramm der Wertschöpfungskette zeigt das Geschäftsmodell von SBM Offshore N.V., ISIN NL0000360618, anschaulich, Illustration mit AI erstellt.

SBM Offshore (ISIN NL0000360618) had completed 59.69 percent of its EUR 227.0 million share repurchase program by September 30, 2026, while its stock was EUR 35.01 at Lang & Schwarz on October 5, 2026. That price stood 6.39 percent below the EUR 37.40 52-week high, giving the buyback update a clear valuation context. GlobeNewswire published the transaction details on September 30, 2026.

Buyback passes the halfway mark

The company had repurchased 3,981,458 shares for EUR 135.3 million at an average EUR 33.98 per share by September 30, 2026. The latest five trading days added 123,593 shares at a total settlement amount of EUR 4.5 million and an average purchase price of EUR 36.25, according to GlobeNewswire.

The program is designed to reduce share capital and provide shares for management and employee programs. Its EUR 226.6 million total repurchase amount leaves EUR 91.4 million of authorization after the cumulative purchases reported for September 30, 2026.

Revenue growth raises the stakes

SBM Offshore's half-year 2026 Directional revenue increased 112 percent to USD 4.9 billion, while Directional EBITDA increased 92 percent to USD 1.3 billion. The figures are alternative performance measures rather than IFRS measures, and the comparison is with the first half of 2025, as shown in the company's investor materials.

The company also lifted full-year 2026 Directional revenue guidance from above USD 6.9 billion to USD 7.6 billion and Directional EBITDA guidance from USD 1.8 billion to USD 1.9 billion. The combination of higher guidance and a buyback already 59.69 percent complete means capital returns and execution remain linked in the current investor case. SBM Offshore lists the half-year 2026 figures and guidance changes in its investor materials.

Next trading update is scheduled

The next scheduled reporting event is SBM Offshore's third-quarter 2026 trading update on November 12, 2026. That date gives investors a defined checkpoint for testing the USD 7.6 billion revenue guidance against project execution and the Lease and Operate business.

Stock stays below its yearly high

At 1:40 p.m. CEST on October 5, 2026, the Lang & Schwarz price was EUR 35.01, up 0.63 percent versus the prior close of EUR 34.79. The primary listing is on Euronext Amsterdam, where SBM Offshore trades in euros. The further course of trading is shown by the continuously updated real-time quote of SBM Offshore stock.