YOLFTbeta
Sea1 Offshore Inc.

Sea1 Offshore Inc.

SEA1 · OL · Energy / Oil & Gas Equipment & Services

25.55NOK+0.05 (+0.20%)

Price History

Full chart

Market Stats

Previous Close25.50
Open25.20
Day Range25.20 – 26.00
52-Week Range16.89 – 32.55
Volume59.08K
Market Cap4.38B
P/E (TTM)5.79
Forward P/E8.15
EPS4.92
Dividend Yield0.00%
Beta0.34
50-Day Avg28.31
200-Day Avg27.31

About

Sea1 Offshore Inc., together with its subsidiaries, owns and operates offshore support vessels for the offshore energy service industry. The company operates through Subsea Vessels; Anchor-Handling Tug Supply (AHTS) Vessels; Platform Supply Vessels (PSVs); Fast Crew & Oil Spill Recovery Vessels; and Other segments. It provides offshore vessel activities, such as anchor handling and towing, platform supply, oil spill recovery, well intervention services, and subsea operations. As of March 2026, the companies fleet comprised of 15 vessels, including one offshore subsea construction vessel, two well-intervention vessels, six anchor handling, tug and supply vessels, two platform supply vessels, four fast crew, and oil spill recovery vessels. It operates in the North Sea, Brazil, Australia, Canada, Southeast Asia, South America and West Africa. The company was formerly known as Siem Offshore Inc. and changed its name to Sea1 Offshore Inc. in May 2024. Sea1 Offshore Inc. was founded in 2005 and is headquartered in Kristiansand, Norway.

Company Details

  • SectorEnergy
  • IndustryOil & Gas Equipment & Services
  • CEOMr. Bernt Omdal
  • Employees756
  • HeadquartersKjøita 18, Kristiansand, Norway, 4630, Norway
  • Websitehttps://www.sea1offshore.com

Leadership

  • Mr. Bernt OmdalChief Executive Officer · b. 1966
  • Mr. Vidar JerstadChief Financial Officer · b. 1972
  • Mr. Tore LillestoCOO & GM · b. 1974
  • Mr. Tor Asbjorn GraendsenChief Human Resources Officer · b. 1972
  • Mr. Andreas KjolChief Commercial Officer · b. 1970
  • Jon August HougeESG Director

Financials

Income Statement

Currency: USD2021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue254.49M274.31M336.03M340.82M271.55M
Growth (%)-+7.79%+22.50%+1.43%-20.33%
Cost of Revenue154.53M159.02M165.68M150.02M51.33M
Gross Profit99.96M115.28M170.35M190.80M220.22M
Gross Margin39.28%42.03%50.70%55.98%81.10%
Operating Expense62.92M75.91M7.10M-50.63M79.08M
Operating Income37.05M39.38M163.25M241.43M141.13M
Operating Margin14.56%14.35%48.58%70.84%51.97%
EBITDA-115.16M256.34M291.27M193.75M
EBITDA Margin-41.98%76.29%85.46%71.35%
Net Income107.86M30.90M174.51M172.76M113.75M
Net Income Margin42.38%11.26%51.93%50.69%41.89%
Interest Expense24.19M23.37M34.21M29.16M26.52M
Interest Expense % of Total Revenue9.50%8.52%10.18%8.55%9.77%

Balance Sheet

Currency: USD2021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets1.07B1.02B1.09B818.48M801.37M
Total Liabilities733.20M656.36M552.71M412.49M370.48M
Total Equity340.84M363.08M534.26M405.99M430.89M
Cash91.84M94.95M97.33M60.70M86.36M
Net Debt569.17M494.66M378.82M285.19M208.50M

Cash Flow

Currency: USD2018-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-82.10M84.17M137.62M131.07M128.15M
Investing Cash Flow---24.06M-24.94M62.36M27.93M
Financing Cash Flow---55.11M-110.88M-222.26M-138.28M
Capital Expenditure027.74M24.92M33.49M52.86M86.42M
Free Cash Flow-54.36M59.25M104.13M78.21M41.73M
Dividends Paid----72.84M94.18M
FCF to OCF-66.22%70.39%75.66%59.67%32.56%
Dividend Paid to FCF----93.14%225.70%

Earnings

Report DateMay 4, 2006Jul 26, 2006Oct 24, 2006Apr 25, 2007Jul 24, 2007Oct 25, 2007Apr 24, 2008Jul 24, 2008Oct 23, 2008Apr 30, 2009Jul 23, 2009Oct 29, 2009Feb 25, 2010May 11, 2010Aug 19, 2010Oct 28, 2010Feb 24, 2011May 10, 2011Aug 25, 2011Oct 27, 2011Feb 23, 2012May 8, 2012Aug 23, 2012Oct 25, 2012Feb 28, 2013May 6, 2013Aug 22, 2013Oct 24, 2013Feb 20, 2014May 5, 2014Aug 21, 2014Oct 23, 2014Feb 25, 2015May 20, 2015Aug 20, 2015Oct 29, 2015Feb 25, 2016May 9, 2016Aug 25, 2016Oct 27, 2016Feb 23, 2017May 8, 2017Aug 24, 2017Oct 26, 2017Feb 22, 2018May 7, 2018Aug 23, 2018Oct 25, 2018Feb 28, 2019May 13, 2019Aug 23, 2019May 11, 2020Aug 27, 2020Oct 29, 2020Feb 26, 2021May 28, 2021Aug 26, 2021Oct 28, 2021Feb 28, 2022May 31, 2022Aug 25, 2022Oct 28, 2022Feb 23, 2023May 11, 2023Aug 25, 2023Oct 31, 2023Feb 27, 2024May 15, 2024Aug 21, 2024Oct 31, 2024Feb 14, 2025Apr 30, 2025Aug 15, 2025Oct 31, 2025Feb 12, 2026Jun 9, 2026Aug 14, 2026Nov 6, 2026
EPS Estimate0.480.971.942.913.006.003.504.236.481.671.500.80-2.75-1.00----0.67-1.25---0.82--2.30-2.53-1.00-3.883.831.05--1.28--2.18--1.77--2.61-1.03-1.11-------------------0.01-0.080.070.080.090.490.090.070.120.110.100.130.110.13
EPS Actual0.972.917.278.737.0022.0011.006.00-8.004.003.404.004.00-3.00-18.61-0.14-1.000.302.251.2014.321.68-26.245.00-12.30-1.69-24.944.40-6.060.5418.066.17-2.16-2.04-87.97-6.00-109.76-2.11-6.440.10-68.92-2.00-71.41-0.890.29-22.4279.77-1.64-43.85-18.42-11.20-19.99-253.94-135.74-39.60-7.009.030.120.300.300.770.41-0.280.071.350.060.150.050.030.160.070.140.420.080.130.180.15-
Surprise102.08%200.00%274.74%200.00%133.33%266.67%214.29%41.84%-223.46%139.52%126.67%400.00%245.45%-200.00%---144.78%--4.00%---509.76%-26.52%-73.91%--46.00%-59.02%-156.40%-294.29%--368.75%-3.21%-105.65%-23.37%--186.41%126.13%------------------800.00%--25.00%114.29%-37.50%-66.67%-67.35%-22.22%100.00%250.00%-27.27%30.00%38.46%37.09%-
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Key Statistics & Ratios

Market Cap4.38B
Enterprise Value6.98B
Trailing P/E5.79
Forward P/E8.15
Price / Sales15.42
Price / Book1.14
EPS4.92
Book Value25.63
Revenue (TTM)283.81M
Gross Profit (TTM)158.58M
EBITDA99.09M
Profit Margin27.37%
Operating Margin35.23%
Return on Equity19.04%
Return on Assets4.35%
Shares Outstanding153.54M
Shares Float153.50M
Beta0.34
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio7.40%

Dividends

20261×
4.00Apr 7, 2026
20251×
7.00Jan 14, 2025
20241×
5.00Aug 23, 2024
20141×
10.00May 6, 2014

Stock Splits

  • Jun 2, 20211:100