SEACOR Marine swings to Q3 profit

SEACOR Marine Holdings

29/10/2025 20:59

Overview

SEACOR Marine Q3 operating revenue misses analyst expectations, declining 14.1% yr/yr

Net income for Q3 2025 was $9 mln, a significant improvement from a loss last year

Company completed sale of two liftboats, gaining $30.5 mln

Outlook

SEACOR Marine plans to fund its newbuild PSV program with improved liquidity

Company awarded multi-year contracts in Brazil for hybrid-powered PSVs starting Q1 2026

SEACOR Marine sees strategic shift away from high volatility markets

Result Drivers

LOWER UTILIZATION - CEO cites lower utilization in premium liftboat fleet and soft market conditions in the North Sea as drivers for decreased revenues

LIFTBOAT SALE - Sale of two 335’ class liftboats for $76 mln contributed $30.5 mln gain, impacting Q3 results

FSV UTILIZATION - Improved utilization and dayrate performance in fast supply vessel fleet, with reactivation of two FSVs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Operating Revenue
Miss
$59.2 mln
$65.9 mln (1 Analyst)
Q3 Net Income
$9 mln
Q3 Operating Income
$18.1 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas transportation services peer group is "buy"

Wall Street's median 12-month price target for SEACOR Marine Holdings Inc is $11.00, about 45.6% above its October 28 closing price of $5.98

Press Release: ID:nGNX4QlgGP

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)