BW Offshore Stock Drops 11% After Opal Project Delay Forces Guidance Cut

BW Offshore shares dropped 11% after the company released second-quarter 2026 results showing EBITDA (earnings before interest, tax and depreciation) had risen, but guidance for the year was cut. The company said a delay to its BW Opal project was the reason for the lower outlook. The mismatch between rising quarterly profit and a cut forecast is what rattled investors. It suggests the delay is expected to weigh on results in coming quarters even though the underlying business performed well in the second quarter. It remains unclear how long the BW Opal delay will last or how much it will subtract from full-year earnings, since the company has not detailed a revised timeline.