Sea1 Offshore First Quarter 2025 Earnings: Beats Expectations

Sea1 Offshore (OB:SEA1) First Quarter 2025 Results

Key Financial Results

• Revenue: US$68.5m (down 18% from 1Q 2024).
• Net income: US$22.2m (up 89% from 1Q 2024).
• Profit margin: 32% (up from 14% in 1Q 2024).
• EPS: US$0.14 (up from US$0.049 in 1Q 2024).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

Sea1 Offshore Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates by 93%.

Looking ahead, revenue is expected to decline by 2.6% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Norway are expected to grow by 1.9%.

Performance of the Norwegian Energy Services industry.

The company's shares are up 5.2% from a week ago.

Risk Analysis

Be aware that Sea1 Offshore is showing 4 warning signs in our investment analysis and 1 of those is a bit concerning...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.