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.)