BW Offshore reported strong first quarter results with EBITDA of $91 million and operating cashflow of $57 million.

From GlobeNewswire: 2025-06-02 01:30:00

BW Offshore released its first quarter 2025 results, reporting an EBITDA of USD 91 million and operating cashflow of USD 57 million. The sale of BW Pioneer for USD 125 million and an arbitration settlement of USD 36 million boosted the balance sheet. The FPSO BW Opal departed for the Barossa project, set for first gas in the third quarter. A cash dividend of USD 0.063 per share was declared. With a strong balance sheet and ongoing projects, BW Offshore maintains its full-year EBITDA guidance of USD 220-250 million. The company is also exploring new FPSO project opportunities and floating energy transition solutions.



Read more at GlobeNewswire: BW Offshore: First quarter results 2025