BW Offshore Ltd Q1 2023 Earnings Call Transcript - Thomson StreetEvents

BW Offshore Ltd Q1 2023 Earnings Call Transcript

BW Offshore Ltd Q1 2023 Earnings Call Transcript - Thomson StreetEvents
BW Offshore Ltd Q1 2023 Earnings Call Transcript
Published May 24, 2023
10 pages (6633 words) — Published May 24, 2023
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Transcript of BWO.OL earnings conference call or presentation 24-May-23 12:00pm GMT

  
Brief Excerpt:

...Welcome, everyone. My name is Marco Beenen, CEO, and I will host this conference call together with our CFO, Stale Andreassen. And in this call, we will present BW Offshore's first quarter 2023 results. Please note our disclaimer. And then I move on with highlights. I'm pleased to report good progress on Barossa, now 67% complete by end of April. We have divested BW Opportunity for USD 125 million, and we continue our return to shareholders with a combination of cash and dividend in-kind in BW Energy shares. That's roughly 50-50 and equivalent to about USD 45 million on an annual basis. The EBITDA in the first quarter came in at $79 million, operating cash flow $128 million, and that includes $78 million of the prepayments of the Barossa day rate. Moving on with an update on operations, starting with Barossa. As I just mentioned in the highlights, the Barossa project is progressing well, with 67% complete and on track for first oil in the first half of 2025 as planned. We're extremely pleased...

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
BW Offshore Ltd
Ticker
BWO.OL
Time
12:00pm GMT
Format:
PDF Adobe Acrobat
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BW Offshore Ltd Q4 2024 Earnings Call Transcript – 2025-02-27 – US$ 54.00 – Edited Transcript of BWO.OL earnings conference call or presentation 27-Feb-25 8:00am GMT

BW Offshore Ltd Q3 2024 Earnings Call(Q&A) Transcript – 2024-11-15 – US$ 54.00 – Edited Transcript of BWO.OL earnings conference call or presentation 15-Nov-24 1:00pm GMT

BW Offshore Ltd Q2 2024 Earnings Call Transcript – 2024-08-30 – US$ 54.00 – Edited Transcript of BWO.OL earnings conference call or presentation 30-Aug-24 7:00am GMT

BW Offshore Ltd Q3 2023 Earnings Call Transcript – 2023-11-16 – US$ 54.00 – Edited Transcript of BWO.OL earnings conference call or presentation 16-Nov-23 1:00pm GMT

BW Offshore Ltd Q2 2023 Earnings Call Transcript – 2023-08-28 – US$ 54.00 – Edited Transcript of BWO.OL earnings conference call or presentation 28-Aug-23 7:00am GMT

BW Offshore Ltd Q4 2022 Earnings Call Transcript – 2023-02-28 – US$ 54.00 – Edited Transcript of BWO.OL earnings conference call or presentation 28-Feb-23 8:00am GMT

BW Offshore Ltd Q3 2022 Earnings Call Transcript – 2022-11-18 – US$ 54.00 – Edited Transcript of BWO.OL earnings conference call or presentation 18-Nov-22 8:00am GMT

Half Year 2022 BW Offshore Ltd Earnings Call Transcript – 2022-08-29 – US$ 54.00 – Edited Transcript of BWO.OL earnings conference call or presentation 29-Aug-22 7:00am GMT

BW Offshore Ltd Q1 2022 Earnings Call Transcript – 2022-05-27 – US$ 54.00 – Edited Transcript of BWO.OL earnings conference call or presentation 27-May-22 7:00am GMT

Full Year 2021 BW Offshore Ltd Earnings Call Transcript – 2022-02-28 – US$ 54.00 – Edited Transcript of BWO.OL earnings conference call or presentation 28-Feb-22 8:00am GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "BW Offshore Ltd Q1 2023 Earnings Call Transcript" May 24, 2023. Alacra Store. May 18, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2023-BW-Offshore-Ltd-Earnings-Call-T15602047>
  
APA:
Thomson StreetEvents. (2023). BW Offshore Ltd Q1 2023 Earnings Call Transcript May 24, 2023. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2023-BW-Offshore-Ltd-Earnings-Call-T15602047>
  
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