SBM Offshore Continues €227 Million Share Repurchase Program

SBM Offshore extended its €227 million share repurchase program through the week ending July 1, the company said in a regulatory filing. The buyback began Feb. 27. Management's stated goals: lowering share count and sourcing stock for management and employee incentive plans.

The company has been buying in weekly increments. A prior tranche saw €4.05 million in shares repurchased, according to a previous update. The full €227 million program represents roughly 2-3% of SBM Offshore's market capitalization at current prices, meaning full execution would mechanically lift earnings per share by that amount.

Cash flow supports the repurchases. SBM Offshore operates floating production units under long-term contracts, producing predictable revenue and operating cash flow. Shareholders approved a $1.10 per share dividend for 2026 as part of a broader fleet expansion strategy. Both the buyback and the dividend return capital to shareholders.

For holders, the steady weekly purchases provide a baseline of demand for the stock. The company employs more than 8,000 people globally and describes its business model as asset-backed with high reliability.

The next weekly disclosure will cover transactions from July 2 through July 8.

Shares of SBM Offshore trade over-the-counter in the U.S. under the ticker SBFFY.