Solstad Offshore reports USD 41 million EBITDA for Q3 2026
Solstad Offshore ASA recorded a significant rise in quarterly earnings, reaching USD 41 million in adjusted EBITDA, and confirmed the purchase of the Normand Maximus vessel.
Solstad Offshore ASA announced its third-quarter financial results for 2026, reporting an adjusted EBITDA of USD 41 million. This figure represents an increase from the USD 29 million reported during the same period in 2025.
Company leadership attributed the performance to sustained demand for offshore energy services and high utilization rates across its fleet. The company continues to maintain a focus on strengthening its balance sheet as market activity remains steady.
In a strategic move to secure core assets, the company exercised a USD 125 million purchase option for the vessel Normand Maximus in October 2026. This acquisition is part of the firm's ongoing effort to solidify its operational capacity in the offshore sector.