SBM Offshore Buys Back €4.05M in Shares to Support EPS

SBM Offshore spent €4.05 million repurchasing its own shares in the week through June 24, the company said Thursday. The buybacks are part of a €227 million program announced in February, aimed at reducing share capital and supplying stock for employee compensation plans.

The weekly pace is consistent with the company's stated strategy. SBM has been buying shares steadily since the program began on Feb. 27, with the goal of boosting earnings per share by shrinking the float. The company operates a long-term, asset-backed business model that delivers predictable cash flows from its fleet of floating production, storage, and offloading (FPSO) vessels.

SBM Offshore is a global leader in deepwater ocean infrastructure. The company designs, builds, installs, and operates floating production solutions across the full asset lifecycle. It employs more than 8,000 professionals and has a track record of high-availability operations.

The buyback program runs under EU Market Abuse Regulation rules. SBM publishes daily transaction details on its investor relations page. The company does not provide forward guidance on the pace of future repurchases.

For investors tracking capital allocation, the buyback is one of three return-of-capital levers SBM uses alongside dividends and project investment. The company paid a €0.5009 per share dividend in May, and its fleet expansion strategy includes newbuild FPSO units for ExxonMobil's Guyana operations and TotalEnergies' projects offshore Brazil.

SBM's shares trade on Euronext Amsterdam and as an American Depositary Receipt (SBFFY) on the OTC market in the U.S. The stock has gained roughly 12% year-to-date, supported by strong contract backlog and the buyback program.