Solstad Offshore ASA

SOFF

Equity

ISIN NO0003080608 / Valor 726256

Oslo Stock Exchange (2026-09-09)

NOK 69.70-0.99%

Solstad Offshore ASA
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About company

Solstad Offshore ASA is a prominent Norwegian company specializing in the provision of maritime services to the offshore oil and gas industry, as well as the renewable energy sector. The company operates a diverse fleet of vessels, including platform supply vessels, anchor handling tug supply vessels, and construction service vessels, which are integral to its operations in subsea services and marine operations. Solstad Offshore is actively expanding its capabilities in remote and semi-autonomous maritime services through its subsidiary, Remota, which focuses on controlling various marine applications via a remote operations center. Additionally, the company is involved in the Windstaller Alliance, which aims to deliver integrated solutions for offshore renewables, combining expertise in products, fabrication, subsea services, and engineering. Solstad Offshore is also strategically enhancing its position in the subsea services segment by acquiring a significant stake in Omega Subsea AS. The company is preparing for a public listing on Euronext Oslo Børs, supported by its major shareholders, and continues to secure new contracts and extensions, reflecting its robust market presence.

Summarized from source with an LLMView SourceSector: Energy

Financial result (Q2 2026)

Total Adjusted EBITDA was USD 41 million in Q2 2026, versus USD 32 million in the same quarter last year, reflecting higher fleet utilisation and improved operational performance.

Order intake and new contracts

Solstad Offshore ASA recorded total order intake of USD 216 million in the quarter. Notably, the CSV Normand Maximus received a Letter of Intent for a 2‑year firm period starting Q1 2027 with a one‑year option thereafter.

Asset sale

The company signed a Memorandum of Agreement for the sale of the platform supply vessel Normand Tonjer during the quarter.

Newbuild and long‑term contract

Solstad contracted a newbuild construction support vessel (CSV) for delivery in the first half of 2029; the newbuild is backed by a long‑term contract, strengthening future backlog and revenue visibility.

Shareholder distribution

The board approved a cash dividend for Q2 2026 of USD 0.15 per share, amounting to approximately USD 12 million in total.

Outlook

Management highlights increased fleet activity and strong order intake in Q2 2026 as supportive of a positive near‑term outlook and a strengthened backlog position.

Summarized from source with an LLMView Source

Key figures

27.7%1Y

299%3Y

1,547%5Y

Performance

33.2%1Y

47.7%3Y

65.1%5Y

Volatility