Overview

* SEACOR Marine ( SMHI ) 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 ( SMHI ) 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 ( SMHI ) 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/Mis Actual Consensu

s s

Estimate

Q3 Miss $59.2 $65.9

Operatin mln mln (1

g Analyst)

Revenue

Q3 Net $9 mln

Income

Q3 $18.1

Operatin mln

g Income

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 $11.00, about 45.6% above its October 28 closing price of $5.98

Press Release:

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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.)