1. Bermuda Stocks

  2. •

    Energy minerals

  3. •

    Oil & gas production
BW Offshore Limited

BW Offshore Limited

39.25
NOK
-0.75
(-1.87%)
5.51BMarket Cap
Nov 25Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
16.25
18.19
80.52
9.36
3.38
4.71
5.12
4.9
4.59
4.28
3.65
3.36
2.81
- -
Basic EPS, GAAP
1.38
3.18
-15.72
-1.47
0.22
0.18
0.45
-1.56
0.35
0.72
0.56
0.67
0.74
- -
Free Cash Flow per Basic Share
3.69
3.13
-3.15
-0.15
1.17
0.43
1.81
1.68
1.19
-0.44
-1.36
-0.09
0.42
- -
Dividend per Share
1.16
1.4
2.49
- -
- -
0.19
0.18
0.3
0.14
0.14
0.14
0.28
0.33
0.23
Book Value per Share
19.17
20.43
15.83
4.97
5.25
5.38
6.05
4.13
4.28
5.19
5.56
6.03
6.33
5.85
Tangible Book Value per Share
15.93
17.17
15.75
4.95
5.24
5.18
5.51
4.11
3.73
4.7
5.08
5.58
5.84
5.38
Basic Weighted Avg Shares
59
59
14
90
185
185
185
181
181
181
181
181
181
182
Sales/Revenue/Turnover
956
1,070
1,108
845
626
870
947
886
829
774
659
607
510
- -
Operating Margin (%)
18.05
26.42
24.8
23.12
17.04
17.14
20.98
17.16
15.93
17.69
17.95
23.09
28.38
- -
Depreciation Expense
264
223
263
227
229
339
412
284
270
209
187
178
96
- -
Net Income, GAAP
81
187
-216
-133
40
34
83
-282
63
130
100
121
134
- -
Effective Tax Rate (%)
30.72
16.95
- -
- -
5.29
52.47
55.2
- -
- -
13.49
13.86
5.82
13.59
- -
Profit Margin (%)
8.51
17.49
-19.52
-15.73
6.36
3.85
8.72
-31.84
7.55
16.75
15.23
19.88
26.36
- -
Working Capital
-81
-151
-8
158
-98
-132
-20
13
209
-66
24
266
218
225
LT Debt
1,459
1,434
1,461
1,567
1,198
1,113
1,041
971
1,014
1,061
1,322
1,536
1,525
1,421
Total Equity
1,124
1,198
944
920
1,259
1,321
1,459
945
1,021
1,151
1,195
1,247
1,293
1,231
Return on Invested Capital (%)
4.24
8.5
- -
- -
2.84
2.78
3.08
- -
- -
4.63
4.56
4.72
4.33
- -
Return on Capital (%)
4.33
8.21
- -
- -
2.84
2.54
3.6
- -
- -
7.46
5.63
5.62
5.32
- -
Return on Common Equity (%)
7.22
16.12
-20.19
-14.26
4.21
3.41
7.81
-30.24
8.24
15.15
10.33
11.51
12.01
- -

Capital Structure

USD

•

in mil. unless spec.
Dec'23
Mar'24
Jun'24
ST Debt
245
214
216
LT Borrowings
291
220
208
LT Finance Leases
1,032
1,111
1,213
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
181
181
181
Market Capitalization
396
455
517

Working Capital

USD

•

in mil. unless spec.
Dec'23
Mar'24
Jun'24
Total Current Assets
519
586
633
Cash, Cash Equivalents & STI
360
401
448
Accounts Receivable, Net
93
174
181
Inventories
4
4
4
Total Current Liabilities
495
413
408
Payables & Accruals
- -
- -
- -
ST Debt
245
214
216
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.7%
6.53%
3.72%
Free Cash Flow
-206.96%
-119.29%
-547.65%
Net Income, GAAP
-48.55%
-1.22%
11.36%
Sales/Revenue/Turnover
-6.01%
-10.38%
-16.02%
Total Cash Common Dividend
- -
- -
18.88%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
169
152
- -
- -
607
2025
- -
- -
- -
- -
510
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.2
0.16
- -
- -
0.67
2025
- -
- -
- -
- -
0.74
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.13
0.02
- -
- -
0.28
2025
- -
- -
- -
- -
0.33
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Marco Beenen
Full Time Employees
891
Sector
Energy minerals
Industry
Oil & gas production
Address
Washington Mall Phase 2 Hamilton HM Bermuda 1189
IPO Date
May 31, 2006
Website
bwoffshore.com
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Business
BW Offshore Limited (BWO.OL) provides floating production solutions to the offshore oil and gas industry, including engineering, procurement, construction, installation, lease and operation services for floating production storage and offloading (FPSO) vessels and floating storage and offloading (FSO) units; it also offers turret, mooring, swivel, subsea umbilicals risers and flowlines (SURF) and installation services, as well as solutions for floating offshore wind and emerging low-carbon energy projects such as floating desalination units. The company operates a fleet of three FPSOs with additional units under development or redeployment, including BW Opal chartered to Santos for 15 years at the Barossa field in Australia with startup targeted for early 2026, FPSO Nganhurra acquired in 2025 for redeployment by June 2027, and FPSO BW Adolo with operational control transferred to BW Energy Gabon in 2025 under a charter featuring mutual put-and-call options exercisable in 2028. Founded in 1982 as a department of Bergesen d.y. and listed on the Oslo Stock Exchange since 2006, BW Offshore is headquartered in Hamilton, Bermuda, and maintains global operations across the Americas, Europe, Africa, Asia and the Pacific; it is majority-owned by BW Group and advances a strategy encompassing conventional FPSO optimization, newbuild and conversion projects, and expansion into renewable energy infrastructure. Recent developments include delivery of BW Opal from Seatrium in May 2025, the sale of FPSO Polvo to BW Energy, selective evaluation of FPSO redeployment opportunities amid tight market conditions, and formation of a 50-50 joint venture with BW Group subsidiary BW Water for floating desalination units targeting FID and market entry by end-2026; in Q3 2025, the company narrowed its full-year EBITDA guidance to USD 240-250 million due to BW Opal contract timing while maintaining a strong cash position of USD 388 million.