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Solstad Offshore

Solstad Offshore

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

68.90NOK-0.80 (-1.15%)

Price History

Full chart

Market Stats

Previous Close69.70
Open69.10
Day Range68.60 – 70.00
52-Week Range38.75 – 74.10
Volume51.56K
Market Cap7.60B
P/E (TTM)4.02
Forward P/E22.37
EPS17.43
Dividend Yield4.13%
Beta0.77
50-Day Avg69.47
200-Day Avg61.16

About

Solstad Offshore ASA owns and operates offshore service vessels. The company owns and operates construction service vessels and anchor handling tug supply vessel and; and provides maritime services to offshore energy industry. It offers renewable energy services, subsea support operations, node seismic operations, subsea construction activities, support for well stimulation operations, and subsea and mooring installations; and additional services, such as ROVs, tooling, project personnel, and engineering support, as well as engages in oil and gas activities. The company owns a fleet of six vessels which includes three construction service vessels and three anchor handling tug supply vessels. It operates in the North Sea, North and Central America, Mediterranean/rest of Europe, Africa, South America, Australia, and Asia. Solstad Offshore ASA was founded in 1964 and is headquartered in Skudeneshavn, Norway.

Company Details

  • SectorEnergy
  • IndustryOil & Gas Equipment & Services
  • CEOMr. Lars Peder Solstad
  • Employees900
  • HeadquartersNesavegen 39, Skudeneshavn, Norway, 4280, Norway
  • Websitehttps://www.solstad.com

Leadership

  • Mr. Lars Peder SolstadCEO & MD
  • Mr. Kjetil RamstadChief Financial Officer
  • Mr. Tor Johan TveitChief Operating Officer
  • Mr. Hans Knut Skar Jr.Chief Commercial Officer
  • Ms. Olaug Hoines HilleslandAdministration & Communication Director
  • Mr. Per StangeHuman Resources Director
  • Leif Henning StaveController

Financials

Income Statement

Currency: USD2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue646.01M873.80M1.01B993.93M868.02M1.30B1.79B2.11B2.21B2.52B2.61B3.04B3.29B3.50B3.74B3.55B2.47B3.63B4.67B5.02B4.84B5.13B4.58B6.73B2.48B290.35M
Growth (%)-+35.26%+15.61%-1.61%-12.67%+49.73%+37.49%+17.94%+4.81%+14.02%+3.77%+16.47%+8.01%+6.30%+6.93%-5.11%-30.42%+46.95%+28.88%+7.34%-3.44%+5.87%-10.63%+46.86%-63.15%-88.29%
Cost of Revenue--290.61M301.10M277.26M354.90M438.01M490.73M608.29M804.25M960.79M1.18B1.54B1.42B1.49B1.51B1.21B2.42B3.49B3.28B3.38B3.94B3.59B2.70B1.99B168.41M
Gross Profit--719.57M692.83M590.76M1.30B1.79B2.11B2.21B2.52B2.61B3.04B1.75B2.07B2.24B2.04B1.26B1.20B1.19B1.73B1.46B1.18B996.58M4.03B490.49M121.94M
Gross Margin--71.23%69.71%68.06%100.00%100.00%100.00%100.00%100.00%100.00%100.00%53.26%59.34%60.00%57.50%51.10%33.19%25.39%34.58%30.15%23.07%21.75%59.94%19.78%42.00%
Operating Expense--429.72M414.44M446.06M796.33M1.08B1.15B1.41B2.05B2.27B2.87B881.54M951.22M991.01M2.37B2.00B509.00M764.41M2.04B3.69B984.45M373.83M2.09B4.60M-35.78M
Operating Income226.30M351.53M289.85M278.39M144.70M503.33M704.01M960.46M797.25M465.61M342.26M171.44M869.45M1.12B1.25B-335.13M-736.16M694.36M422.21M-310.11M-2.23B198.75M622.75M1.94B485.89M157.72M
Operating Margin35.03%40.23%28.69%28.01%16.67%38.73%39.40%45.57%36.09%18.49%13.10%5.63%26.44%32.13%33.49%-9.45%-29.83%19.15%9.03%-6.18%-45.96%3.88%13.59%28.88%19.59%54.32%
EBITDA--835.93M460.33M481.75M762.86M1.43B1.75B651.48M1.85B1.13B1.09B1.44B1.46B1.59B730.78M166.22M653.64M-2.51B188.18M9.98B1.16B1.70B3.12B2.09B208.76M
EBITDA Margin--82.75%46.31%55.50%58.70%79.95%83.23%29.49%73.43%43.28%35.65%43.69%41.77%42.46%20.61%6.74%18.03%-53.74%3.75%206.05%22.56%36.99%46.30%84.47%71.90%
Net Income153.28M328.48M326.50M183.61M112.11M261.01M865.96M680.33M26.93M1.04B19.02M-406.58M376.62M490.99M151.65M-1.58B-865.55M-313.77M-5.86B-3.13B7.24B-1.10B-1.27B400.43M1.27B139.40M
Net Income Margin23.73%37.59%32.32%18.47%12.92%20.08%48.46%32.28%1.22%41.21%0.73%-13.36%11.45%14.05%4.06%-44.58%-35.08%-8.65%-125.35%-62.38%149.48%-21.50%-27.80%5.95%51.30%48.01%
Interest Expense00212.19M27.18M83.22M130.94M192.80M221.89M315.49M927.35M370.65M549.59M524.36M449.97M454.24M487.76M566.37M1.34B1.92B1.71B1.44B1.00B1.06B1.68B569.89M63.39M
Interest Expense % of Total Revenue0.00%0.00%21.00%2.73%9.59%10.08%10.79%10.53%14.28%36.82%14.18%18.05%15.95%12.87%12.15%13.75%22.95%36.94%40.99%34.06%29.68%19.57%23.20%25.01%22.98%21.83%

Balance Sheet

Currency: USD2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets2.36B3.51B4.60B5.00B5.38B7.04B8.29B10.31B10.21B12.27B15.57B15.88B14.71B15.03B17.75B16.24B22.28B36.11B31.61B29.83B26.07B24.94B26.02B19.64B8.98B878.48M
Total Liabilities1.16B2.08B2.69B3.01B3.16B4.34B5.12B6.60B6.52B7.64B10.58B11.47B10.04B10.07B12.69B12.57B18.83B31.15B32.47B33.67B21.83B21.85B24.27B17.81B5.71B453.39M
Total Equity1.16B1.38B1.47B1.74B1.65B2.46B3.16B3.68B3.67B4.61B4.56B4.48B4.71B5.00B5.15B3.78B3.52B4.93B-853.10M-3.84B4.23B3.09B1.76B1.83B3.21B417.74M
Cash215.52M434.60M512.14M466.07M467.16M833.41M1.29B1.05B829.94M1.44B871.72M657.27M775.61M1.20B1.29B1.00B1.73B1.74B1.19B985.43M2.41B2.46B2.17B501.01M382.00M74.17M
Total Debt--14.35M142.08M2.83B4.02B4.52B5.78B949.05M7.08B9.71B10.67B9.29B9.42B11.67B11.88B17.82B29.22B30.08B32.13B20.64B20.72B22.81B15.77B5.01B-
Net Debt---497.79M-323.99M2.36B3.19B3.23B4.72B119.12M5.64B8.84B10.01B8.51B8.22B10.38B10.88B16.09B27.48B28.79B31.13B18.22B18.26B20.64B15.27B4.63B49.87M

Cash Flow

Currency: USD2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow261.52M564.77M579.90M289.27M273.35M584.96M919.16M1.06B1.11B1.34B1.16B392.46M848.48M710.71M1.51B764.29M647.08M741.03M1.25B1.01B775.96M1.38B1.45B1.65B1.01B147.81M
Investing Cash Flow---1.34B-562.27M-563.07M-813.01M-206.46M-2.36B-1.22B-759.11M-3.25B-1.33B364.49M196.07M-2.32B-237.00M633.20M1.28B-342.62M-301.56M620.27M-23.52M-123.53M6.51B-1.24B17.87M
Financing Cash Flow-648.44M842.00M226.92M290.81M552.93M-255.01M1.06B-115.60M30.10M1.52B720.40M-1.05B-474.03M884.66M-928.96M-534.69M-1.88B-1.45B-928.34M-158.59M-1.32B-1.65B-8.51B-1.25B-127.44M
Capital Expenditure243.15M934.79M1.33B510.13M558.21M1.26B1.39B1.68B1.11B1.01B3.25B1.25B614.05M150.08M2.41B127.87M2.87B71.25M65.75M48.47M57.38M72.65M124.91M630.32M82.00M7.69M
Free Cash Flow---745.38M-220.86M-284.86M-680.02M-472.46M-615.95M1.46M337.19M-2.09B-855.63M234.44M560.63M-899.67M636.42M-2.22B669.78M1.18B961.60M718.58M1.31B1.32B1.02B929.00M145.29M
Dividends Paid35.79M35.79M70.40M52.85M37.76M37.78M75.58M151.16M150.63M75.36M93.97M77.38M57.99M96.70M191.51M133.69M0-------04.14M
FCF to OCF---128.54%-76.35%-104.21%-116.25%-51.40%-57.96%0.13%25.09%-179.31%-218.02%27.63%78.88%-59.41%83.27%-343.24%90.39%94.72%95.20%92.60%94.75%91.36%61.90%91.89%98.29%
Dividend Paid to FCF---9.45%-23.93%-13.26%-5.56%-16.00%-24.54%10310.20%22.35%-4.50%-9.04%24.74%17.25%-21.29%21.01%0.00%-------0.00%2.85%

Earnings

Report DateAug 20, 2004Nov 5, 2004Mar 1, 2005Aug 19, 2005Nov 11, 2005Feb 23, 2006May 10, 2006Aug 15, 2006Nov 2, 2006Feb 21, 2007May 9, 2007Aug 15, 2007Oct 31, 2007Feb 26, 2008May 6, 2008Aug 14, 2008Oct 31, 2008Feb 26, 2009May 18, 2009Aug 28, 2009Nov 9, 2009Mar 1, 2010May 7, 2010Aug 30, 2010Nov 5, 2010Feb 28, 2011May 23, 2011Aug 24, 2011Nov 9, 2011Feb 29, 2012May 9, 2012Aug 27, 2012Nov 7, 2012Feb 26, 2013May 14, 2013Aug 26, 2013Nov 6, 2013Feb 26, 2014May 19, 2014Aug 18, 2014Nov 10, 2014Feb 24, 2015May 18, 2015Aug 24, 2015Nov 9, 2015Feb 24, 2016May 9, 2016Aug 25, 2016Nov 8, 2016Feb 23, 2017May 10, 2017Aug 30, 2017Nov 9, 2017Feb 21, 2018May 9, 2018Aug 23, 2018Nov 6, 2018Feb 28, 2019May 28, 2019Aug 28, 2019Nov 28, 2019Feb 27, 2020May 28, 2020Aug 31, 2020Nov 19, 2020Feb 25, 2021May 25, 2021Aug 24, 2021Nov 24, 2021Feb 24, 2022May 9, 2022Aug 18, 2022Nov 17, 2022Feb 23, 2023Jun 1, 2023Aug 24, 2023Nov 30, 2023Feb 29, 2024May 15, 2024Jul 16, 2024Oct 29, 2024Feb 12, 2025May 7, 2025Jul 14, 2025Oct 30, 2025Feb 12, 2026Jul 15, 2026Nov 4, 2026
EPS Estimate600.00600.001183.332000.002745.00-1200.002600.003577.504100.003900.003487.503367.504126.673196.672393.333915.004100.002665.00-2577.50142.50--1720.00316.90-1790.00-500.00290.00-16.67-3200.00--2300.444114.02-4124.773098.004229.036075.243393.892152.833185.064528.721.972435.222.17-109.40-818.23-1.93-490.00-1.17-1745.86-1.81-0.74------------------2.09-3.643.241.82-2.370.263.413.5710.650.233.764.973.014.394.49
EPS Actual490.001750.00750.001570.002910.00162.661170.004250.003160.0013170.005950.006620.006160.004765.611150.003550.002090.006040.006530.001045.9010010.003990.00-78.22-662.162220.00-570.001683.00-1760.00-4460.00-13.65340.251980.00789.51-215.53600.005000.00725.16660.005220.002380.006740.00-8380.003490.005330.002988.000.628600.004.493380.00-2900.00-2.17-1865.86-2.21-3940.00-2.78-316.30-183.13-1249.51-212.78-138.46-406.28-403.54-7.74-2.76-463.5193.71-4.13-3.64-1.96-4.88-3.07-10.96-6.1015.86-5.255.130.82-1.46-0.29-0.012.108.933.214.663.196.504.28-
Surprise-18.33%191.67%-36.62%-21.50%6.01%--2.50%63.46%-11.67%221.22%52.56%89.82%82.92%15.48%-64.03%48.33%-46.62%47.32%145.03%-288.36%2700.00%--29.07%-279.87%194.02%-252.00%-1637.93%18.12%--38.13%---73.92%21.54%--84.00%68.50%-43.72%10.94%-346.91%62.11%67.34%-34.02%-68.53%253.15%106.91%3189.58%-254.42%-12.44%-280.79%-88.89%-125.68%-53.59%-42643.22%-----------------858.85%-44.23%58.33%-54.95%38.40%-211.54%-100.29%-41.18%-16.15%1295.65%23.94%-35.88%115.88%-2.47%-
TimingPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hours-Pre-marketPre-market--Pre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hours-Pre-market--Pre-marketPre-market-After-hoursAfter-hoursPre-marketPre-marketAfter-hoursPre-marketPre-marketAfter-hoursPre-marketAfter-hoursAfter-hoursPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-market--Pre-marketPre-market

Key Statistics & Ratios

Market Cap7.60B
Enterprise Value11.66B
Trailing P/E4.02
Forward P/E22.37
PEG Ratio1.68
Price / Sales22.74
Price / Book1.72
EPS17.43
Book Value53.80
Revenue (TTM)334.36M
Gross Profit (TTM)173.01M
EBITDA77.23M
Profit Margin43.62%
Operating Margin27.99%
Return on Equity35.24%
Return on Assets5.82%
Shares Outstanding108.61M
Shares Float22.36M
Beta0.77
Dividend Yield4.13%
Dividend Rate2.89
Payout Ratio24.14%

Dividends

20264×
1.11Nov 6, 20261.46Jul 17, 20260.92May 20, 20260.48Mar 10, 2026
20252×
0.51Nov 25, 20250.07May 20, 2025
20241×
0.50Nov 15, 2024
20151×
410.41May 19, 2015
20141×
586.30May 20, 2014
20131×
293.15May 15, 2013
20121×
175.89May 10, 2012
20111×
234.52May 24, 2011
20101×
293.15May 10, 2010
20091×
234.52May 19, 2009
20081×
469.04May 7, 2008
20071×
469.04May 9, 2007
20061×
234.52May 10, 2006
20051×
117.26May 13, 2005
20041×
117.26May 12, 2004
20031×
175.89May 13, 2003
20021×
234.52May 14, 2002
20011×
117.26May 11, 2001
20001×
117.26May 16, 2000
19991×
117.26May 11, 1999

Stock Splits

  • Oct 21, 202080:9501
  • Jul 14, 20161186:1171