SEACOR Marine Announces Third Quarter 2026 Results
Key Highlights
- ➤Q3 net loss $9.5 million, or $0.36 per share, versus $9.0 million profit
- ➤Q3 DVP $18.9 million, up from $11.5 million year over year
- ➤Q3 DVP margin 33.1%, versus 19.4% in the year-ago quarter
- ➤Strategic alternatives review continues without transaction or completion timetable assurance
- ➤Middle East FSV utilization weakened amid construction and drilling project delays
Expert Statements
John Gellert, Chief Executive Officer of SEACOR Marine
“Our third quarter results reflect improved utilization, day rates and margins led by the performance of our platform supply vessel (“PSV”) fleet. These positive trends were partially offset by the ongoing maintenance for our two premium liftboats and lower utilization in our fast support vessel (“FSV”) fleet, especially in the Middle East. This reflects a softening market in the Middle East primarily due to delays in both construction and drilling projects in the region as a result of current operating conditions. We look forward to taking delivery of our two newbuild PSVs in the coming months and remain confident in their charter prospects. We remain focused on operational execution and continue to implement our strategy of improving term coverage in less volatile markets.”
HOUSTON, Oct. 28, 2026 (GLOBE NEWSWIRE) -- SEACOR Marine Holdings Inc. (NYSE: SMHI) (the “Company” or “SEACOR Marine”), a leading provider of marine and support transportation services to offshore energy facilities worldwide, today announced results for its third quarter ended September 30, 2026.
SEACOR Marine’s consolidated operating revenues for the third quarter of 2026 were $57.3 million, operating loss was $1.4 million, and direct vessel profit (“DVP”)((1)) was $18.9 million. This compares to consolidated operating revenues of $59.2 million, operating income of $18.1 million, and DVP of $11.5 million in the third quarter of 2025, and consolidated operating revenues of $54.6 million, operating income of $16.0 million, and DVP of $7.9 million in the second quarter of 2026.
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