SEACOR Marine Holdings Inc
ir.seacormarine.comWhat Do They Do?
Provides vessels and marine support services to offshore oil and gas operations and offshore wind operators, including cargo and personnel transport, construction support, and underwater equipment work.
10-K for FY2025, filed Feb 25, 2026The Company provides global marine and support transportation services to offshore energy facilities worldwide. The Company operates and…View ↗
How Do They Make Money?
Customers pay daily hire rates to charter vessels, and the company earns that revenue each day during the charter. Separately, it bills monthly for vessel management services, generally under agreements lasting one to three years.
10-K for FY2025, filed Feb 25, 2026
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10-K for FY2025, filed Feb 25, 2026
FY2025 revenue by product or service ↗
$227.8M
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10-K for FY2025, filed Feb 25, 2026
$227.8M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Time Charter
Recurring
10-K for FY2025, filed Feb 25, 2026 |
95%
FY2022: 94%
|
Time Charter, FY2025
$215.4M Sources
|
Recurring |
|
Bareboat Charter
Recurring
|
1.4%
FY2022: 0.6%
|
Bareboat Charter, FY2025
$3.2M Sources
|
Recurring |
|
Other Marine Services
Recurring
|
4.1%
FY2022: 5.7%
|
Other Marine Services, FY2025
$9.2M Sources
|
Recurring |
Who Are Their Customers?
Oil and gas companies, oil field service and construction companies, and offshore wind operators and contractors hire its vessels and services. Customers hire directly under charters; vessel management agreements are billed to customers monthly.
10-K for FY2025, filed Feb 25, 2026The Company’s principal customers are major integrated national and international oil companies, independent oil and natural gas…View ↗
The Company earns revenue primarily from the time charter and bareboat charter of vessels to customers. Since the Company charges customers…View ↗
Revenue Recognition. The Company contracts with various customers to carry out management services for vessels as agents for and on behalf…View ↗
10-K for FY2025, filed Feb 25, 2026
During the year ended December 31, 2025, three customers, Azule Energy Angola S.p.A. (“Azule”), a joint venture between BP p.l.c. and Eni…View ↗
Do Revenues Turn Into Profits?
No. It lost $27.8M in FY2025.
10-K for FY2025, filed Feb 25, 2026
$13.7MView ↗
10-K for FY2025, filed Feb 25, 2026
−$27.8MView ↗
10-K for FY2025, filed Feb 25, 2026
−$85.2MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Jul 29, 2026
$3.3MView ↗
- ▲ Now profitable
- vs −$6.7M in Q2 FY2025
10-Q for Q2 FY2026, filed Jul 29, 2026
Open tableView ↗
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Jul 29, 2026
Board begins review of strategic alternatives
Options include a company sale, merger, business combination, asset sale, or another transaction; the board has set no timetable.
Sources
8-K, filed Jul 29, 2026
As disclosed in the Earnings Release attached hereto as Exhibit 99.1, the Board of Directors of the Company, with the assistance of…View ↗
Growing. Revenue grew 33% in 4 years, from $170.9M in FY2021 to $227.8M in FY2025, about 7% a year.
No longer handles anchor work
The earlier report listed handling anchors and mooring equipment for offshore rigs and platforms among its vessel services. The latest report does not include that service in its description.
10-K for FY2022, filed Mar 6, 2023 10-K for FY2025, filed Feb 25, 2026The Company provides global marine and support transportation services to offshore energy facilities worldwide. The Company operates and…View ↗
The Company provides global marine and support transportation services to offshore energy facilities worldwide. The Company operates and…View ↗
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