Subsea 7 releases transcript of Q2 2026 results conference call

Reuters2026/08/03 14:19

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Subsea7 published a transcript of its 2Q26 results call attended by CEO Stuart Fitzgerald and CFO Mark Foley, hosted by IR head Katherine Tonks.
2Q adjusted EBITDA reached USD 471 million with a 24% margin; backlog intake was USD 2.1 billion, lifting total backlog to USD 13.6 billion.
Full-year EBITDA margin guidance increased to about 24% from about 23%; net finance cost outlook cut to USD 30-40 million on higher cash balances.
CRPO 153 offshore work in the Gulf started; management expects completion by year-end, citing no significant inflation impact on CRPO 153 or early CRPO 148 work.
Renewables market seen in a lull with limited 2H awards; working capital expected to unwind by about USD 200 million in 2H, OneSubsea dividends seen near USD 20 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Subsea 7 SA published the original content used to generate this news brief on August 03, 2026, and is solely responsible for the information contained therein.

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Subsea 7 releases transcript of Q2 2026 results conference call

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