BWO - Revenue backlog of USD ~6.8bn (Gode utbytter)
Fra 16.november pres.
Highly robust balance sheet, substantial
available liquidity, and demonstrated track
record of successful de-leveraging
• High-graded FPSO fleet with solid long-term
contract economics ensures significant debt
service capacity
• Long-term cash flow visibility through revenue
backlog of USD ~6.8bn1
Highly robust balance sheet, substantial
available liquidity, and demonstrated track
record of successful de-leveraging
• High-graded FPSO fleet with solid long-term
contract economics ensures significant debt
service capacity
• Long-term cash flow visibility through revenue
backlog of USD ~6.8bn1
JanOrge
29.07.2024 kl 13:53
1514
Jeg har ingen problemer med å være overeksponert her. Vurderer fortløpende å laste videre dersom kursnedgang.
JanOrge
29.07.2024 kl 13:55
1515
Vi som følger papiret legger også merke til den vedvarende oppgangen som foregår. Tidligere har aksjen droppet etter slike oppganger. Ikke denne gangen.
inference
12.08.2024 kl 11:28
1054
Kjedelig og kjedelig. Dundret ned med børsfallet og syns ikke den har fått den bounceback-en flere aksjer på Oslo Børs og spesielt innenfor olje/offshore har fått. Veldig stille på nyhetsfronten også. q-2 tall 30. aug.
JanOrge
12.08.2024 kl 12:08
1012
BORR Drilling er i vinden, og verdsettes nå til 17 milliarder med NIBD på 17 MRD NOK og Ebitda marginalt høyere enn BWO. Koko prising på enten BWO eller BORR.
JanOrge
23.08.2024 kl 10:38
684
Huset er nå belånt, og jeg sitter klar dersom Q2 gir en overdrevent negativ reaksjon.
hifidude
28.08.2024 kl 11:38
477
Arctic nedjusterer kursmål fra 48 til 40, noen som har tilgang til denne analysen og kan si hvorfor? Litt merkelig så tett opp mot Q2 resultat. JanOrge??
Redigert 28.08.2024 kl 11:38
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inference
I dag kl 07:42
236
Endelig litt good news fra q-2 for min del 😁
Syns dette er solid. Ingen overskridelser (så vidt jeg kan se) og løfter 2024 estimatet.
BW Offshore: Second Quarter and First Half Results 2024
Second Quarter and First Half Results 2024
HIGHLIGHTS
* EBITDA USD 77 million in Q2 and USD 163 million for the first half-year
* Net profit USD 29 million in Q2 and USD 66 million for the first half-year
* Operating cashflow USD 107 million in Q2 and USD 198 million for the first
half-year
* Equity ratio 30.4% and USD 728 million in available liquidity
* Q2 cash dividend USD 0.0625 per share equivalent to USD 11 million
* Barossa FPSO project 86% complete at end-July 2024
* Completion of FEED work on the Sakarya project
* Full-year 2024 EBITDA expectation raised to USD 305-315 million
BW Offshore continues to progress the Barossa project according to schedule. As
of end July 2024, the project was 86% completed. All 16 top-side modules have
been lifted onto the FPSO, representing an important project milestone.
Integration work is well underway and pre-commissioning and commissioning
activities have started to ramp up.
In the third quarter, BWO completed Front-End Engineering Design (FEED) work and
early engineering related to the Sakarya redeployment project. The work
generated an EBITDA contribution of approximately USD 7 million in the second
quarter of 2024 and a further approximately USD 10 million is expected to be
recognised in the third quarter. Sakarya is set to progress as a local-content-
oriented project in Turkey with limited scope for BW Offshore to provide further
value-added services meeting own return requirements.
"BW Offshore continues to deliver high commercial uptime across the FPSO fleet
and the topside integration and commissioning of the BW Opal is proceeding to
plan," said Marco Beenen, CEO of BW Offshore. "We are selectively progressing
several potential FPSO projects in a very active market and the Sakarya FEED
shows that that we can create material value in preparatory phases, even if a
final contract does not materialise."
The Board of Directors has declared a quarterly cash dividend of USD 0.0625 per
share. The shares will trade ex-dividend from 3 September 2024. Shareholders
recorded in VPS following the close of trading on Oslo Børs on 4 September
2024, will be entitled to the distribution payable on or around 11 September
2024.
BW Offshore expects that the fleet will continue to generate significant cash
flows in the time ahead, supported by the USD 5.4 billion firm contract backlog
at the end of June 2024. BW Offshore expects to report an EBITDA in the range
USD 305-315 million for 2024, an increase from previously in the range of USD
290-310 million.
Please see attached the half year report and presentation. The earnings tables
are available at:
https://www.bwoffshore.com/ir/
Syns dette er solid. Ingen overskridelser (så vidt jeg kan se) og løfter 2024 estimatet.
BW Offshore: Second Quarter and First Half Results 2024
Second Quarter and First Half Results 2024
HIGHLIGHTS
* EBITDA USD 77 million in Q2 and USD 163 million for the first half-year
* Net profit USD 29 million in Q2 and USD 66 million for the first half-year
* Operating cashflow USD 107 million in Q2 and USD 198 million for the first
half-year
* Equity ratio 30.4% and USD 728 million in available liquidity
* Q2 cash dividend USD 0.0625 per share equivalent to USD 11 million
* Barossa FPSO project 86% complete at end-July 2024
* Completion of FEED work on the Sakarya project
* Full-year 2024 EBITDA expectation raised to USD 305-315 million
BW Offshore continues to progress the Barossa project according to schedule. As
of end July 2024, the project was 86% completed. All 16 top-side modules have
been lifted onto the FPSO, representing an important project milestone.
Integration work is well underway and pre-commissioning and commissioning
activities have started to ramp up.
In the third quarter, BWO completed Front-End Engineering Design (FEED) work and
early engineering related to the Sakarya redeployment project. The work
generated an EBITDA contribution of approximately USD 7 million in the second
quarter of 2024 and a further approximately USD 10 million is expected to be
recognised in the third quarter. Sakarya is set to progress as a local-content-
oriented project in Turkey with limited scope for BW Offshore to provide further
value-added services meeting own return requirements.
"BW Offshore continues to deliver high commercial uptime across the FPSO fleet
and the topside integration and commissioning of the BW Opal is proceeding to
plan," said Marco Beenen, CEO of BW Offshore. "We are selectively progressing
several potential FPSO projects in a very active market and the Sakarya FEED
shows that that we can create material value in preparatory phases, even if a
final contract does not materialise."
The Board of Directors has declared a quarterly cash dividend of USD 0.0625 per
share. The shares will trade ex-dividend from 3 September 2024. Shareholders
recorded in VPS following the close of trading on Oslo Børs on 4 September
2024, will be entitled to the distribution payable on or around 11 September
2024.
BW Offshore expects that the fleet will continue to generate significant cash
flows in the time ahead, supported by the USD 5.4 billion firm contract backlog
at the end of June 2024. BW Offshore expects to report an EBITDA in the range
USD 305-315 million for 2024, an increase from previously in the range of USD
290-310 million.
Please see attached the half year report and presentation. The earnings tables
are available at:
https://www.bwoffshore.com/ir/
JanOrge
I dag kl 08:06
175
Dette er sterke tall! Første halvår har gitt netprofit på 0,36 USD per aksje! Utbytte er som vanlig 0,0625 USD per aksje, men overhenget på utbyttet første halvår er rett i underkant av 0,06 USD per aksje, da selskapet kan gi inntil halvparten av årets overskudd i utbytte. Dersom det fortsetter helt likt vil utbyttet i Q4 utgjøre omlag 0,18 USD per aksje, dvs. 2 NOK. Utbyttet året sett under ett vil i så fall bli nesten 4 kr per aksje.... Så hva vi gjør sør for 30 NOK per aksje skjønner ikke jeg.
Nettocash med 29 MUSD Barossa ekskludert.
Barossa er på merket. Kontantstrøm forøvrig går så det griner.
Hvis årlig overskudd i selskapet ender på omtrent kr 8 per aksje. Hvorfor skal vi ikke gå tregangeren her?
Og hvor er Arctic-analytikeren nå? Han som senket TP til 40 for to dager siden?
Nettocash med 29 MUSD Barossa ekskludert.
Barossa er på merket. Kontantstrøm forøvrig går så det griner.
Hvis årlig overskudd i selskapet ender på omtrent kr 8 per aksje. Hvorfor skal vi ikke gå tregangeren her?
Og hvor er Arctic-analytikeren nå? Han som senket TP til 40 for to dager siden?
hifidude
I dag kl 08:19
122
Jeg håper du har rett JanOrge, men med OSE, og BWO, ja da vet jeg sannelig ;-) men ja, denne er overdue for litt aktion opp ;-) blir spennende med åpningen