ENETI INC.
eneti-inc.comNo Longer Reporting
The company has not filed an annual or quarterly report since its FY2022 20-F, filed Apr 14, 2023. Its latest SEC filing is a 15-12G from Jan 8, 2024.
20-F for FY2022, filed Apr 14, 2023
The sections below describe the company as of the FY2022 annual report.
What Did They Do?
Operates vessels that install offshore wind turbines, maintain wind farms, and support offshore oil and gas work for project developers, turbine makers, and engineering contractors.
20-F for FY2022, filed Apr 14, 2023We are a company focused on serving the offshore wind and marine-based renewable energy industry through our operation of wind turbine…View ↗
Our current fleet consists of five WTIVs that are currently on-the-water. Certain WTIVs in our current fleet are also employed in the…View ↗
We believe that developing strong relationships with the end users of our services allows us to better satisfy their needs with appropriate…View ↗
How Did They Make Money?
Charterers pay for exclusive use of vessels over an agreed period; short-term hires are priced by the day, while multi-year installation projects use a fixed project fee.
20-F for FY2022, filed Apr 14, 2023
$199.3M
-
20-F for FY2022, filed Apr 15, 2023
$199.3M ↗
Who Were Their Customers?
Wind-farm developers, wind turbine makers, engineering contractors, and oil and gas companies charter its vessels; hires can be short-term or multi-year for larger wind-farm installation projects.
20-F for FY2022, filed Apr 14, 2023
Did Revenues Turn Into Profits?
Yes. It kept 53 cents of every revenue dollar as net income in FY2022.
20-F for FY2022, filed Apr 15, 2023
How Were They Changing?
From dry-bulk transport to offshore wind services
The earlier report describes owning and operating dry-bulk carriers that transport commodities on worldwide routes, largely through spot markets and pools. The latest describes operating vessels that install offshore wind turbines and support offshore wind and oil and gas work.
20-F for FY2019, filed Apr 2, 2020 20-F for FY2022, filed Apr 14, 2023
Loading...
