Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
The latest update is out from Subsea 7 ( (GB:0OGK) ).
Subsea 7 reported a strong first quarter of 2026, with revenue rising 17% year-on-year to $1.8 billion and adjusted EBITDA jumping more than 60% to $385 million, lifting the margin to 21%. Both its Subsea and Conventional and Renewables divisions delivered solid profitability, while vessel utilisation remained high across core regions including Türkiye, Brazil, Norway and the UK offshore wind market.
The group’s backlog stood at $13.5 billion, with $5.5 billion scheduled for execution in 2026 and $5.0 billion in 2027, underpinning raised full-year guidance to $7.4–$7.8 billion of revenue and an expected adjusted EBITDA margin of about 23%. Net cash including lease liabilities improved to $198 million, and the board will propose a substantial dividend of NOK 13.00 per share, highlighting confidence in cash generation and the company’s positioning in offshore energy amid heightened global focus on energy security.
The most recent analyst rating on (GB:0OGK) stock is a Hold with a NOK302.00 price target. To see the full list of analyst forecasts on Subsea 7 stock, see the GB:0OGK Stock Forecast page.
More about Subsea 7
Subsea 7 is a global offshore energy services contractor specialising in subsea engineering, construction and installation, as well as conventional and renewables projects. The company focuses on complex offshore oil and gas developments and offshore wind, operating a high-specification vessel fleet and serving energy clients in key basins worldwide.
Average Trading Volume: 492,612
Current Market Cap: NOK96.12B
For an in-depth examination of 0OGK stock, go to TipRanks’ Overview page.