Solstad Offshore ASA: Presentation of Third Quarter 2026 results
Key Highlights
- ➤Adjusted EBITDA $41 million, up from $29 million year over year
- ➤Solstad declared $125 million purchase option for Normand Maximus
- ➤Normand Tonjer sale generated a $24 million accounting gain
- ➤Q3 cash dividend set at $0.30/share, totaling approximately $25 million
Expert Statements
Lars Peder Solstad, CEO of Solstad Offshore ASA
“We delivered solid performance in the third quarter, with high fleet utilization and a strengthened financial position. With continued positive demand for offshore energy services, we are well positioned going forward.”
Solstad Offshore ASA (SOFF) is pleased to present its financial results for the third quarter 2026.
"We delivered solid performance in the third quarter, with high fleet utilization and a strengthened financial position. With continued positive demand for offshore energy services, we are well positioned going forward." * Total Adjusted EBITDA of USD 41 million in the quarter compared to USD 29 million same quarter last year * Declared the USD 125 million purchase option for Normand Maximus in October 2026 with delivery in October 2027 * Delivered Normand Tonjer to its new owners in September 2026. The sale resulted in an accounting gain of USD 24 million * Distributes cash dividend for Q3 2026 of USD 0.30/share, totaling USD ~25 million Contacts
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