Unlock stock picks and a broker-level newsfeed that powers Wall Street. Upgrade Now Cboe UK • NOK Subsea 7 S.A. (SUBCO.XC) Follow Compare 185.20 0.00 (0.00%) At close: February 18 at 10:59:58 AM GMT All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Subsea 7 S.A. - 4Q24 earnings call notification Luxembourg –17 January 2025 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) will publish its fourth quarter results for the period ended 31 December 2024 on 27 February 2025 at 07:00 GMT / 08:00 CET. A conference call and simultaneous webcast for the investment community will be held on 27 February 2025 at 12:00 GMT / 13:00 CET. From 07:00 GMT / 08:00 CET the results announcement and the presentation to be reviewed on the call will be available on Subsea7.com Webcast/replay: https://edge.media-ser Subsea7 awarded contract offshore Norway Luxembourg – 9 January 2025 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a contract by Equinor for a front-end engineering and design (FEED) study with EPCI1 option for the Fram Sør development project, offshore Norway. The study will finalise the technical definition of the proposed subsea development prior to Equinor and its partners making the final investment decision. Work will begin immediately in our offices in Norway and UK. If the EPCI option is exercised, Subsea7 Lands IRM Contract With TP-OTC for Sakarya Gas Field in Turkey SUBCY's IRM contract covers project management and engineering tasks that will be carried out from the company's offices in Turkiye and Scotland. Subsea7 awarded contract offshore Türkiye Luxembourg – 30 December 2024 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a sizeable1 contract by Turkish Petroleum Offshore Technology Center AS (TP-OTC) to provide inspection, repair and maintenance (IRM) services for the Sakarya gas field development in the Black Sea. The contract scope includes project management and engineering executed and managed from Subsea7 offices in Istanbul, Türkiye, and Aberdeen, Scotland, as well as the provision of equipment (includi Subsea 7 S.A. cancels treasury shares Luxembourg – 18 December 2024 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) (the Company) announced that, in accordance with the authorisation given to the board of directors of the Company (the “Board”) at the extraordinary general meeting of shareholders held on 18 April 2023, the Board has resolved to cancel 2,588,272 shares held in treasury, representing approximately 0.9% of the total number of issued shares. The cancellation has now been effected and, as a result, the issued share capital Subsea7 awarded contract in the US Gulf of Mexico Luxembourg – 13 December 2024 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a sizeable 1 contract by Shell Offshore Inc. in the US Gulf of Mexico. The project involves the engineering, procurement, construction, and installation of a production flowline and related subsea infrastructure at Shell’s Phase 3 Silvertip development, located in the deep waters of Alaminos Canyon, with depths reaching up to 3,000 metres. Project management and engineering will start immedia Subsea7 awarded contract offshore Saudi Arabia Luxembourg – 12 December 2024 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a substantial1 contract by Aramco under a long-term agreement. The contract scope includes the decommissioning of existing subsea facilities as well as engineering, procurement, construction, and installation of a new pipeline and subsea equipment at the Abu Safah field, located offshore Saudi Arabia. Engineering activities will begin immediately, with offshore operations scheduled for 2026. Seaway7 signs vessel reservation agreement for UK offshore wind farm Luxembourg – 11 December 2024 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced that Seaway7, part of the Subsea7 Group, has signed a vessel reservation agreement with Dogger Bank Offshore Wind Farm1 for the transportation and installation of turbines for the Dogger Bank project, offshore the UK. Offshore works are expected to commence in 2026. This represents additional work for Seaway7 at this development, where it is currently installing monopile foundations and transition pieces. Subsea7 share repurchases Luxembourg – 9 December 2024 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced transactions made in accordance with its share repurchase programme during the week commencing 2 December 2024. Date on which the share repurchase programme was announced: 25 July 2019, with a two-year extension announced on 19 April 2023. The duration of the share repurchase programme: until 18 April 2025. In the period from 2 December 2024 until 6 December 2024, Subsea 7 S.A. repurchased a total of 309,0 Subsea 7 S.A. - notification of trade by primary insiders Subsea 7 S.A. has received notification of transactions in its shares by primary insiders. Please see the attached form for details. This information is pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act. Attachments SUBC Primary Insider Trade 25 Nov 2024 JCA SUBC Primary Insider Trade 25 Nov 2024 MXA Subsea 7 SA (ACGYF) Q3 2024 Earnings Call Highlights: Strong Financial Performance and Upward ... Subsea 7 SA (ACGYF) reports robust growth in adjusted EBITDA and renewables, with a promising outlook for shareholder returns. Subsea 7 S.A. Announces Third Quarter 2024 Results Luxembourg – 21 November 2024 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY, ISIN: LU0075646355, the Company) announced today results of Subsea7 Group (the Group, Subsea7) for the third quarter which ended 30 September 2024. Highlights Third quarter Adjusted EBITDA of $321 million, up 59% on the prior year period, equating to a margin of 18% Robust free cash flow of $138 million in the third quarter, leading to a reduction in net debt of $170 millionAdjusted EBITDA in the first nine months of 202 Seaway7 awarded offshore wind contract in the UK Luxembourg – 6 November 2024 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award to Seaway7, part of the Subsea7 Group, of a substantial1 contract by ScottishPower Renewables for the transport and installation of the inter-array cables of the East Anglia TWO offshore wind project. ScottishPower Renewables’ £4 billion East Anglia TWO offshore windfarm will be located around 33 kilometres from the east coast of England in the Southern North Sea. Successful in the UK Government’ Seaway7 awarded offshore wind contract in UK Luxembourg – 29 October 2024 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award to Seaway7, part of the Subsea7 Group, of a substantial1 contract by Ørsted for the transport and installation of the inter-array cables of the Hornsea 3 offshore wind project located in the UK sector of the North Sea. Seaway7’s scope of work covers the transportation and installation (T&I) of 192 66kV inter-array cables, measuring approximately 500 kilometres in length, with offshore activities Subsea 7 S.A. Q3 2024 Conference Call Notification Luxembourg –15 October 2024 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) will publish its third quarter 2024 results for the period ended 30 September 2024 on Thursday 21 November 2024 at 08:00 CET. A conference call and simultaneous webcast for the investment community will be held on Thursday 21 November 2024 at 11:00 UK / 12:00 CET. From 08:00 CET the results announcement and the presentation to be reviewed during the conference call and webcast will be available on the Subsea7 website: www. Subsea7 Secures a New Subsea Contract in the US Gulf of Mexico SUBCY's new contract covers transportation and installation of the flow line, umbilical and other subsea components associated with the subsea tieback platform. Subsea 7 S.A. Treasury Shares Luxembourg – 7 October 2024 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) (the “Company”) announced that the Company has transferred 331,560 shares held in treasury to satisfy employee share awards under the Company’s Long-term Incentive Plan. Following the above transfer, the number of common shares held in treasury is 4,794,244 representing 1.59% of the Company's issued common shares. The total number of shares in issue, including treasury shares, is unchanged at 302,188,272. ***************** Should Value Investors Buy Subsea 7 (SUBCY) Stock? Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Eni-Ithaca Merger Expands Footprint in North Sea Oil and Gas E's upstream merger with Ithaca Energy creates a major player in the North Sea, setting the stage for substantial oil and gas production and UK energy security. Strength Seen in Helix Energy (HLX): Can Its 5.5% Jump Turn into More Strength? Helix Energy (HLX) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term. Performance Overview Trailing total returns as of 2/21/2025, which may include dividends or other distributions. Benchmark is OBX Total Return Index Return SUBCO.XC OBX Total Return Index YTD +3.12% +6.84% 1-Year +27.38% +21.80% 3-Year +199.06% +32.83%