SBM Offshore gains on FY guidance upgrade, 'strong' Q3 revenues
** Shares in SBM Offshore SBMO.AS rise around 5% after the Dutch oil and gas services provider raised its full-year guidance and reported higher-than-expected Q3 revenues
** It now sees 2024 revenue above $6billion vs $3.8 billion seen previously andEBITDA around $1.9billion, up from $1.3 billion previously;upgrade comes after deal with Exxon for Liza Prosperity and the expected one for Liza Destiny
** "Significant EBITDA uplift and backlog boost should be a positive for the company," Barclays says
** Degroof Petercam notes the strong Q3 performance, with Q3 revenues rising 32% to $997 million, above consensus estimate of $961 million
** ING ("buy"), which has co on its Benelux favourites list, says co has again delivered good results, noting a revenue beat for Turnkey and Lease and Operate (L&O) divisions
** The broker sees possible partnership between TotalEnergies and the Dutch company thanks to the Sale and Operate mode after contract award in Suriname
** Shares are on track for best day in three months, if gains hold
Reporting by Olivier Cherfan
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