Overview

* SEACOR Marine ( SMHI ) Q2 operating revenue declines 13% yr/yr

* Company posts operating income for Q2, compared with loss in year-ago period

* Net loss for Q2 narrows to $6.7 mln vs loss of $12.5 mln year go

Outlook

* Company plans to redeploy FSVs internationally in Q3 and Q4 2025

* SEACOR Marine ( SMHI ) expects liftboat repairs to conclude by September 2025

* Company sees healthy market activity in Middle East, mobilizing additional FSV

* SEACOR Marine ( SMHI ) aims to reposition assets for lower volatility and better returns

Result Drivers

* FLEET REPOSITIONING - Improved operating income attributed to strategic fleet repositioning and asset sales

* HIGHER DAY RATES - Average day rates increased by 3.1% yr/yr, contributing to revenue despite lower utilization

* DRYDOCKING IMPACT - $9.2 mln spent on drydocking and major repairs, affecting direct vessel profit margin

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $60.80 $69.30

Operatin mln mln (1

g Analyst)

Revenue

Q2 Net Beat -$6.70 -$7.16

Income mln mln (1

Analyst)

Q2 Beat $6.10 $2.29

Operatin mln mln (1

g Income Analyst)

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 ( SMHI ) is $13.00, about 60.8% above its July 30 closing price of $5.10

Press Release:

(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.)