Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Norway's Solstad Maritime Q3 adjusted EBITDA rises, cuts full-year forecast

By Reuters News


Overview

  • Norway offshore vessel operator's Q3 adjusted EBITDA rose to record high, driven by fleet utilization

  • Company reported Q3 order intake of $235 mln, book-to-bill ratio at 1.2x

  • Company declared Q3 dividend of $0.12/share, totaling about $56 mln


Outlook

  • Company narrows full-year 2026 adjusted EBITDA guidance to $375–390 mln


Result Drivers

  • FLEET UTILIZATION AND DAY RATES - Co said improved fleet utilization and higher day rates supported record-high adjusted EBITDA

  • AHTS NORTH SEA FLEET - Co said earnings improvements were driven by its AHTS North Sea spot/project fleet, with CSV fleet also improving

  • ORDER INTAKE - Co reported total order intake of $235 mln in the quarter, resulting in a book-to-bill ratio of 1.2x


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Adjusted EBITDA

$117 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the marine freight & logistics peer group is "buy"

  • Wall Street's median 12-month price target for Solstad Maritime ASA is NOK30.00, about 7.7% above its November 3 closing price of NOK27.85

  • The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago


Reuters Recommended Reads

  • Nov 3 - Norway's Odfjell Technology Q3 results boosted by well services unit

  • Nov 2 - Valaris Ltd Q3 revenue rises 10% on drillship contracts

  • Nov 3 - Seadrill posts Q3 net loss on legal provision impact


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.
To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.
 

Cryptocurrency-related content is intended solely as news and market commentary. Crypto Derivatives are not available to Retail clients registered with Capital Com (UK) Ltd.