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Subsea 7 Q1 2024 Earnings Report

Subsea 7 logo
$15.63 +0.04 (+0.26%)
(As of 12/20/2024 05:55 PM ET)

Subsea 7 EPS Results

Actual EPS
$0.09
Consensus EPS
-$0.09
Beat/Miss
Beat by +$0.18
One Year Ago EPS
N/A

Subsea 7 Revenue Results

Actual Revenue
$1.40 billion
Expected Revenue
$1.30 billion
Beat/Miss
Beat by +$94.40 million
YoY Revenue Growth
N/A

Subsea 7 Announcement Details

Quarter
Q1 2024
Time
N/A
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Subsea 7 Earnings Headlines

Subsea 7 S.A. cancels treasury shares
Subsea7 awarded contract in the US Gulf of Mexico
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Subsea7 awarded contract offshore Saudi Arabia
Subsea7 awarded contract in the US Gulf of Mexico
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About Subsea 7

Subsea 7 (OTCMKTS:SUBCY) delivers offshore projects and services for the energy industry worldwide. It provides subsea field development products and services, including project management, design and engineering, procurement, fabrication, survey, installation, and commissioning of production facilities on the seabed and the tie-back of its facilities to fixed or floating platforms or to the shore. The company also offers engineering, procurement, commissioning, and installation of subsea umbilicals, risers, and flowlines; inspection, repair, maintenance, remote intervention, and integrity management of subsea infrastructure services; conventional services comprising fabrication, installation, extension, and refurbishment of fixed and floating platforms and associated pipelines in shallow water; and hook-up services. In addition, it operates heavy lifting operations and heavy transportation services for renewables structures; and installs offshore wind turbine foundations, as well as engages in the decommissioning of redundant offshore structures. Further, the company provides remotely operated vehicles (ROVs) and tooling services to support exploration and production activities, as well as engineering and advisory services for customers in the oil and gas, renewables, and utilities industries. The company was incorporated in 1993 and is based in Luxembourg, Luxembourg.

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