SEACOR Marine Holdings Inc.NYSE: SMHI

SEACOR Marine Announces Third Quarter 2026 Results

· Issued by SEACOR Marine Holdings Inc. via GlobeNewswire

Key figures

  • Average day rates of $21,100, compared to $19,490 in the third quarter of 2025 and $20,227 in the second quarter of 2026.
  • 71% utilization, compared to 66% in the third quarter of 2025 and 68% in the second quarter of 2026.
  • DVP margin of 33.1%, compared to 19.4% in the third quarter of 2025 and 14.5% in the second quarter of 2026.
  • 3.3% decrease in revenues from the third quarter of 2025 and 4.8% increase from the second quarter of 2026.

On 6ix: 6ix.com/news/seacor-marine-announces-third-quarter-2026-results-1

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.

Third Quarter 2026 Results

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.

Notable third quarter items include:

  • Average day rates of $21,100, compared to $19,490 in the third quarter of 2025 and $20,227 in the second quarter of 2026.
  • 71% utilization, compared to 66% in the third quarter of 2025 and 68% in the second quarter of 2026.
  • DVP margin of 33.1%, compared to 19.4% in the third quarter of 2025 and 14.5% in the second quarter of 2026.
  • 3.3% decrease in revenues from the third quarter of 2025 and 4.8% increase from the second quarter of 2026.
  • Operating performance improved significantly; adjusting for all vessels sold during or after the third quarter of 2025, revenues increased by 25.6% from the third quarter of 2025 and 6.2% from the second quarter of 2026, and DVP increased by 110.9% from the third quarter of 2025 and 120.8% from the second quarter of 2026.

For the third quarter of 2026, net loss was $9.5 million ($0.36 loss per basic and diluted share). This compares to a net income for the third quarter of 2025 of $9.0 million ($0.35 earnings per basic and diluted share). Sequentially, the third quarter of 2026 results compare to a net income of $3.3 million ($0.13 earnings per basic share and $0.12 earnings per diluted share) in the second quarter of 2026.

Chief Executive Officer John Gellert commented:

“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.”

Separately, as previously announced on July 29, 2026, SEACOR Marine’s Board is continuing with its evaluation of strategic alternatives to maximize shareholder value with the assistance of independent financial advisors. The Board and management team remain fully committed to acting in the best interests of the Company and its stakeholders throughout this evaluation process. There can be no assurance that the strategic review process will result in any transaction or other strategic outcome. The Company has not established a timetable for completion of the review process and does not intend to disclose developments related to the review unless and until SEACOR Marine executes a definitive agreement with respect thereto, or the Board otherwise determines that further disclosure is appropriate or required.
___________________

(1)Direct vessel profit (defined as operating revenues less operating costs and expenses, “DVP”) is the Company’s measure of segment profitability. DVP is a critical financial measure used by the Company to analyze and compare the operating performance of its regions, without regard to financing decisions (depreciation and interest expense for owned vessels vs. lease expense for lease vessels). DVP is also useful when comparing the Company’s global fleet performance against those of our competitors who may have differing fleet financing structures. DVP has material limitations as an analytical tool in that it does not reflect all of the costs associated with the ownership and operation of our fleet, and it should not be considered in isolation or used as a substitute for our results as reported under GAAP. See page 4 for reconciliation of DVP to GAAP Operating Income (Loss), its most comparable GAAP measure.

SEACOR Marine provides global marine and support transportation services to offshore energy facilities worldwide. SEACOR Marine operates and manages a diverse fleet of offshore support vessels that deliver cargo and personnel to offshore installations, including offshore wind farms; assist offshore operations for production and storage facilities; provide construction, well work-over, offshore wind farm installation and decommissioning support; and carry and launch equipment used underwater in drilling and well installation, maintenance, inspection and repair. Additionally, SEACOR Marine’s vessels provide emergency response services and accommodations for technicians and specialists.

Certain statements discussed in this release as well as in other reports, materials and oral statements that the Company releases from time to time to the public constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Generally, words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “believe,” “plan,” “target,” “forecast” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements concern management’s expectations, strategic objectives, including our announcement of the commencement of a strategic review of the business, business prospects, anticipated economic performance and financial condition and other similar matters. Forward-looking statements are inherently uncertain and subject to a variety of assumptions, risks and uncertainties that could cause actual results to differ materially from those anticipated or expected by the management of the Company. These statements are not guarantees of future performance and actual events or results may differ significantly from these statements. Achievement of these expectations and strategic objectives, including any increase to shareholder value from the strategic review, business prospects, anticipated economic performance and financial condition involve significant known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of results to differ materially from any future results, performance or achievements discussed or implied by such forward-looking statements. Certain of these risks, uncertainties and other important factors are beyond the Company’s control and are described in the Company’s filings with the SEC. It should be understood that it is not possible to predict or identify all such factors. Given these risk factors, investors and analysts should not place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date of the document in which they are made. The Company disclaims any obligation or undertaking to provide any updates or revisions to any forward-looking statement to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which the forward-looking statement is based, except as required by law. It is advisable, however, to consult any further disclosures the Company makes on related subjects in its filings with the Securities and Exchange Commission, including Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K (if any). These statements constitute the Company’s cautionary statements under the Private Securities Litigation Reform Act of 1995.

Please visit SEACOR Marine’s website at www.seacormarine.com for additional information.

For investors, contact:
[email protected]

For media, contact:
H/Advisors – U.S.
Dana Gorman / Amy Feng
[email protected] / [email protected]

SEACOR MARINE HOLDINGS INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS)
(in thousands, except share data)
Three Months Ended September 30,Nine months ended September 30,
2026202520262025
Operating Revenues$57,251$59,194$156,163$175,503
Costs and Expenses:
Operating38,31747,684122,574139,105
Administrative and general10,03411,26932,33134,753
Lease expense337280853942
Depreciation and amortization9,95412,12531,00237,025
58,64271,358186,760211,825
(Losses) Gains on Asset Dispositions and Impairments, Net(4)30,23038,79155,202
Operating (Loss) Income(1,395)18,0668,19418,880
Other Income (Expense):
Interest income4202971,3541,105
Interest expense(7,581)(8,947)(24,064)(27,377)
Derivative gains, net—17—229
Foreign currency gains (losses), net201218(302)(3,097)
Gains on insurance claim settlement—4,581—4,581
Other, net19(221)23(221)
(6,941)(4,055)(22,989)(24,780)
(Loss) Income Before Income Tax Expense and Equity in (Losses) Earnings of 50% or Less Owned Companies(8,336)14,011(14,795)(5,900)
Income Tax Expense1,0745,4107,2338,822
(Loss) Income Before Equity in (Losses) Earnings of 50% or Less Owned Companies(9,410)8,601(22,028)(14,722)
Equity in (Losses) Earnings of 50% or Less Owned Companies(54)393521,500
Net (Loss) Income$(9,464)$8,994$(21,976)$(13,222)
Net (Loss) Earnings Per Share:
Basic$(0.36)$0.35$(0.85)$(0.50)
Diluted$(0.36)$0.35$(0.85)$(0.50)
Weighted Average Common Stock Outstanding:
Basic26,157,10725,657,80926,006,08526,409,312
Diluted26,157,10725,887,71026,006,08526,409,312
SEACOR MARINE HOLDINGS INC.
UNAUDITED CONSOLIDATED STATEMENTS OF INCOME (LOSS)
(in thousands, except statistics and per share data)
Three Months Ended
Sep. 30, 2026Jun. 30, 2026Mar. 31, 2026Dec. 31, 2025Sep. 30, 2025
Time Charter Statistics:
Average Rates Per Day$21,100$20,227$18,199$17,519$19,490
Fleet Utilization71%68%59%69%66%
Fleet Available Days(2)3,4963,6353,8974,1274,321
Operating Revenues:
Time charter$52,163$49,697$41,957$49,817$55,958
Bareboat charter846834828843846
Other marine services4,2424,0991,4971,6692,390
57,25154,63044,28252,32959,194
Costs and Expenses:
Operating:
Personnel14,91515,69715,42216,53917,616
Repairs and maintenance9,40912,64810,60011,75214,603
Drydocking3372,9611,2521,1752,430
Insurance and loss reserves3,6462,6981,7921,5701,948
Fuel, lubes and supplies3,8515,3023,3084,6014,465
Other6,1597,3785,1997,0306,622
38,31746,68437,57342,66747,684
Direct Vessel Profit(1)18,9347,9466,7099,66211,510
Other Costs and Expenses:
Lease expense337266250261280
Administrative and general10,03412,3439,95412,73011,269
Depreciation and amortization9,95410,71810,33010,04512,125
20,32523,32720,53423,03623,674
(Losses) Gains on Asset Dispositions and Impairments, Net(4)31,3477,4488,21030,230
Operating (Loss) Income(1,395)15,966(6,377)(5,164)18,066
Other Income (Expense):
Interest income420443491751297
Interest expense(7,581)(8,244)(8,239)(8,673)(8,947)
Derivative (losses) gains, net———(73)17
Foreign currency gains (losses), net201(981)478(38)218
Gains on insurance claim settlement————4,581
Other, net194—32(221)
(6,941)(8,778)(7,270)(8,001)(4,055)
(Loss) Income Before Income Tax Expense and Equity in (Losses) Earnings of 50% or Less Owned Companies(8,336)7,188(13,647)(13,165)14,011
Income Tax Expense1,0743,9512,2081,6885,410
(Loss) Income Before Equity in (Losses) Earnings of 50% or Less Owned Companies(9,410)3,237(15,855)(14,853)8,601
Equity in (Losses) Earnings of 50% or Less Owned Companies(54)5650231393
Net (Loss) Income$(9,464)$3,293$(15,805)$(14,622)$8,994
Net (Loss) Earnings Per Share:
Basic$(0.36)$0.13$(0.61)$(0.57)$0.35
Diluted$(0.36)$0.12$(0.61)$(0.57)$0.35
Weighted Average Common Stock Outstanding:
Basic26,15726,07225,78525,67125,658
Diluted26,15726,35425,78525,67125,888
Common Shares Outstanding at Period End27,15127,13327,06226,95226,976

(1)      See full description of footnote above.
(2)      Includes available days for a bareboat charter for one PSV, which has been excluded from days worked and average day rates.

SEACOR MARINE HOLDINGS INC.
UNAUDITED DIRECT VESSEL PROFIT (“DVP”) BY SEGMENT
(in thousands, except statistics)
Three Months Ended
Sep. 30, 2026Jun. 30, 2026Mar. 31, 2026Dec. 31, 2025Sep. 30, 2025
Americas
Time Charter Statistics:
Average rates per day worked$31,003$28,394$20,546$18,188$22,809
Fleet utilization70%58%35%50%59%
Fleet available days(2)8289351,3691,4771,561
Out-of-service days for repairs, maintenance and drydockings136153190127198
Out-of-service days for cold-stacked status——6192116
Operating Revenues:
Time charter$18,029$15,518$9,843$13,560$20,995
Bareboat charter846834828843846
Other marine services7381,3532825191,338
19,61317,70510,95314,92223,179
Direct Costs and Expenses:
Operating:
Personnel5,4575,3226,0077,1158,195
Repairs and maintenance2,6442,2521,6441,9552,274
Drydocking(55)680440(102)1,018
Insurance and loss reserves5117874234651,011
Fuel, lubes and supplies1,0931,4941,0751,6181,443
Other2,2413,2711,3843,0961,882
11,89113,80610,97314,14715,823
Direct Vessel Profit (Loss)(1)$7,722$3,899$(20)$775$7,356
Other Costs and Expenses:
Lease expense$213$191$177$185$202
Depreciation and amortization2,3933,1683,1662,9174,592
Africa and Europe
Time Charter Statistics:
Average rates per day worked$18,854$18,877$18,711$17,095$17,983
Fleet utilization80%77%78%84%75%
Fleet available days1,7481,7411,5381,5591,656
Out-of-service days for repairs, maintenance and drydockings123195202144229
Operating Revenues:
Time charter$26,295$25,248$22,534$22,317$22,357
Other marine services1,5581,041577580733
27,85326,28923,11122,89723,090
Direct Costs and Expenses:
Operating:
Personnel5,4395,5234,9824,6564,465
Repairs and maintenance3,6575,6732,9574,6946,531
Drydocking115541769871,413
Insurance and loss reserves633504330481326
Fuel, lubes and supplies1,4102,4161,3341,2921,781
Other3,1423,1543,1922,5583,573
14,29217,82412,97114,66818,089
Direct Vessel Profit(1)$13,561$8,465$10,140$8,229$5,001
Other Costs and Expenses:
Lease expense$55$—$—$8$8
Depreciation and amortization4,4904,4854,0633,9684,302

(1)      See full description of footnote above.
(2)      Includes available days for a bareboat charter for one PSV, which has been excluded from days worked and average day rates.

SEACOR MARINE HOLDINGS INC.
UNAUDITED DIRECT VESSEL PROFIT (“DVP”) BY SEGMENT (continued)
(in thousands, except statistics)
Three Months Ended
Sep. 30, 2026Jun. 30, 2026Mar. 31, 2026Dec. 31, 2025Sep. 30, 2025
Middle East and Asia
Time Charter Statistics:
Average rates per day worked$15,804$15,588$15,400$17,587$17,818
Fleet utilization54%60%63%73%64%
Fleet available days9209599901,0911,104
Out-of-service days for repairs, maintenance and drydockings20030026872157
Operating Revenues:
Time charter$7,839$8,931$9,580$13,940$12,606
Other marine services1,9461,705638570319
9,78510,63610,21814,51012,925
Direct Costs and Expenses:
Operating:
Personnel4,0194,8524,4334,7684,956
Repairs and maintenance3,1084,7235,9995,1035,798
Drydocking3811,727636290(1)
Insurance and loss reserves2,5021,4071,039624611
Fuel, lubes and supplies1,3481,3928991,6911,241
Other7769536231,3761,167
12,13415,05413,62913,85213,772
Direct Vessel (Loss) Profit(1)$(2,349)$(4,418)$(3,411)$658$(847)
Other Costs and Expenses:
Lease expense$69$75$73$68$70
Depreciation and amortization3,0713,0653,1013,1603,231

(1)      See full description of footnote above.

SEACOR MARINE HOLDINGS INC.
UNAUDITED PERFORMANCE BY VESSEL CLASS
(in thousands, except statistics)
Three Months Ended
Sep. 30, 2026Jun. 30, 2026Mar. 31, 2026Dec. 31, 2025Sep. 30, 2025
AHTS
Operating Revenues:
Time charter$—$—$—$—$—
Other marine services————(7)
————(7)
Direct Costs and Expenses:
Operating:
Personnel$—$—$—$12$11
Repairs and maintenance————(24)
Insurance and loss reserves—————
Fuel, lubes and supplies———13
Other———918
———228
Other Costs and Expenses:
Depreciation and amortization$—$—$—$4$4
FSV
Time Charter Statistics:
Average rates per day worked$14,567$14,411$13,833$14,114$14,007
Fleet utilization69%74%73%75%71%
Fleet available days1,8401,8401,8621,9321,932
Out-of-service days for repairs, maintenance and drydockings182348353209236
Out-of-service days for cold-stacked status——6192116
Operating Revenues:
Time charter$18,448$19,636$18,929$20,546$19,131
Other marine services1,7551,819471492566
20,20321,45519,40021,03819,697
Direct Costs and Expenses:
Operating:
Personnel$4,960$5,416$5,166$4,980$4,502
Repairs and maintenance5,1376,4343,1795,8626,041
Drydocking2138985761,098678
Insurance and loss reserves682951663509270
Fuel, lubes and supplies1,4191,4811,5031,8501,480
Other2,5032,5481,6832,1472,889
14,91417,72812,77016,44615,860
Other Costs and Expenses:
Depreciation and amortization$4,729$5,244$4,719$4,707$4,695
SEACOR MARINE HOLDINGS INC.
UNAUDITED PERFORMANCE BY VESSEL CLASS (continued)
(in thousands, except statistics)
Three Months Ended
Jun. 30, 2026Jun. 30, 2026Mar. 31, 2026Dec. 31, 2025Sep. 30, 2025
PSV
Time Charter Statistics:
Average rates per day worked$28,052$28,443$25,352$20,118$21,507
Fleet utilization81%70%54%68%65%
Fleet available days(1)1,3801,4271,5851,7351,748
Out-of-service days for repairs, maintenance and drydockings941143748161
Operating Revenues:
Time charter$31,244$28,622$21,688$23,801$24,439
Bareboat charter846834828843846
Other marine services1,4491,459811440592
33,53930,91523,32725,08425,877
Direct Costs and Expenses:
Operating:
Personnel$8,241$7,859$7,348$8,322$7,882
Repairs and maintenance2,1982,8652,8013,5014,618
Drydocking(70)803133(166)1,113
Insurance and loss reserves891903448656546
Fuel, lubes and supplies1,7243,2901,2011,9852,030
Other3,6424,3573,2924,3783,262
16,62620,07715,22318,67619,451
Other Costs and Expenses:
Depreciation and amortization$3,612$3,565$3,574$3,301$3,968

(1)      Includes available days for a bareboat charter for one PSV, which has been excluded from days worked and average day rates.

SEACOR MARINE HOLDINGS INC.
UNAUDITED PERFORMANCE BY VESSEL CLASS (continued)
(in thousands, except statistics)
Three Months Ended
Sep. 30, 2026Jun. 30, 2026Mar. 31, 2026Dec. 31, 2025Sep. 30, 2025
Liftboats
Time Charter Statistics:
Average rates per day worked$26,855$16,417$16,420$26,703$33,566
Fleet utilization33%24%18%45%58%
Fleet available days276368450460641
Out-of-service days for repairs, maintenance and drydockings18418827087188
Operating Revenues:
Time charter$2,471$1,448$1,340$5,470$12,388
Other marine services6877891783591,128
3,1582,2371,5185,82913,516
Direct Costs and Expenses:
Operating:
Personnel$1,723$2,409$2,897$3,241$5,209
Repairs and maintenance2,0623,2944,5942,3753,943
Drydocking1941,260543243639
Insurance and loss reserves1,9328449434151,145
Fuel, lubes and supplies696531600715951
Other3497182564407
6,6108,8359,7597,55312,294
Other Costs and Expenses:
Depreciation and amortization$1,589$1,734$2,027$2,026$3,450
Other Activity
Operating Revenues:
Time charter—$(9)$—$—$—
Other marine services3513237378111
3512337378111
Direct Costs and Expenses:
Operating:
Personnel$(9)$13$11$(16)$12
Repairs and maintenance1255261425
Insurance and loss reserves141—(262)(10)(13)
Fuel, lubes and supplies12—4501
Other11(24)42(68)46
16744(179)(30)71
Other Costs and Expenses:
Lease expense$337$266$250$261$280
Depreciation and amortization241751078
SEACOR MARINE HOLDINGS INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
Sep. 30, 2026Jun. 30, 2026Mar. 31, 2026Dec. 31, 2025Sep. 30, 2025
ASSETS
Current Assets:
Cash and cash equivalents$41,924$55,397$38,721$68,934$90,953
Restricted cash33,66637,64336,71124,18217,255
Receivables:
Trade, net of allowance for credit loss66,82861,95569,20064,52262,788
Other6,2835,8574,8973,96517,308
Inventories2,0382,0612,7462,1962,552
Prepaid expenses and other6,0985,4076,0075,1733,448
Assets held for sale——13,37610,812—
Total current assets156,837168,320171,658179,784194,304
Property and Equipment:
Historical cost747,581754,369752,640776,833797,381
Accumulated depreciation(353,151)(351,840)(341,790)(348,812)(344,899)
394,430402,529410,850428,021452,482
Construction in progress61,48556,59452,42947,00240,394
Net property and equipment455,915459,123463,279475,023492,876
Right-of-use asset - operating leases784933929982903
Right-of-use asset - finance leases10214171922
Investments, at equity, and advances to 50% or less owned companies9563,0092,9512,9382,707
Other assets1,9211,9251,9131,8551,686
Total assets$616,515$633,324$640,747$660,601$692,498
LIABILITIES AND EQUITY
Current Liabilities:
Current portion of operating lease liabilities$464$549$481$405$510
Current portion of finance lease liabilities2412121211
Current portion of long-term debt31,04830,69930,35030,00030,000
Accounts payable12,21514,22916,35521,26825,928
Other current liabilities27,46225,27925,47619,04424,702
Total current liabilities71,21370,76872,67470,72981,151
Long-term operating lease liabilities477559470607567
Long-term finance lease liabilities8435811
Long-term debt281,935289,503297,072304,644311,858
Deferred income taxes18,17519,58018,89419,37620,609
Deferred gains and other liabilities4895993,794565639
Total liabilities372,373381,012392,909395,929414,835
Equity:
SEACOR Marine Holdings Inc. stockholders’ equity:
Common stock285284284280281
Additional paid-in capital475,603474,395473,241471,862470,228
Accumulated deficit(230,420)(220,956)(224,249)(208,444)(193,822)
Shares held in treasury(11,470)(11,470)(11,428)(9,691)(9,639)
Accumulated other comprehensive income, net of tax9,8239,7389,66910,34410,294
243,821251,991247,517264,351277,342
Noncontrolling interests in subsidiaries321321321321321
Total equity244,142252,312247,838264,672277,663
Total liabilities and equity$616,515$633,324$640,747$660,601$692,498
SEACOR MARINE HOLDINGS INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
Three Months Ended
Sep. 30, 2026Jun. 30, 2026Mar. 31, 2026Dec. 31, 2025Sep. 30, 2025
Cash Flows from Operating Activities:
Net (Loss) Income$(9,464)$3,293$(15,805)$(14,622)$8,994
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Depreciation and amortization9,95410,71810,33010,04512,125
Deferred financing costs amortization434342173(86)
Stock-based compensation expense1,1291,1321,3831,6331,559
Debt discount amortization238237236243236
Allowance for credit losses(126)6457(620)627
Losses (gains) from equipment sales, retirements or impairments, net4(31,347)(7,448)(8,210)(30,230)
Derivative losses (gains)———73(17)
Interest on finance lease2—111
Settlements on derivative transactions, net———65—
Currency (gains) losses(201)981(478)38(218)
Deferred income taxes(1,405)686(482)(1,233)2,279
Equity losses (earnings)54(56)(50)(231)(393)
Dividends received from equity investees2,027————
Changes in Operating Assets and Liabilities:
Accounts receivables(5,045)5,763(5,735)12,222(6,700)
Other assets(509)1,415(1,306)(1,530)1,385
Accounts payable and accrued liabilities154(6,107)4,122(10,246)(221)
Net cash used in operating activities(3,145)(13,178)(15,133)(12,199)(10,659)
Cash Flows from Investing Activities:
Purchases of property and equipment(7,076)(6,429)(6,088)(8,427)(9,348)
Proceeds from disposition of property and equipment20144,73712,77813,08776,068
Net cash (used in) provided by investing activities(6,875)38,3086,6904,66066,720
Cash Flows from Financing Activities:
Payments on long-term debt(7,500)(7,500)(7,500)(7,500)(7,500)
Proceeds from issuance of long-term debt, net of debt discount and issuance costs————8,098
Payments on finance leases(8)(4)(3)(4)(3)
Excise tax on stock repurchase—22———
Proceeds from exercise of stock options80————
Tax withholdings on restricted stock vesting—(42)(1,737)(52)—
Net cash (used in) provided by financing activities(7,428)(7,524)(9,240)(7,556)595
Effects of Exchange Rate Changes on Cash, Restricted Cash and Cash Equivalents(2)2(1)3(3)
Net Change in Cash, Restricted Cash and Cash Equivalents(17,450)17,608(17,684)(15,092)56,653
Cash, Restricted Cash and Cash Equivalents, Beginning of Period93,04075,43293,116108,20851,555
Cash, Restricted Cash and Cash Equivalents, End of Period$75,590$93,040$75,432$93,116$108,208
SEACOR MARINE HOLDINGS INC.
UNAUDITED FLEET COUNTS
OwnedTotal
September 30, 2026
FSV2020
PSV1515
Liftboats33
3838
December 31, 2025
FSV2121
PSV1818
Liftboats55
4444

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