SEACOR Marine Q2 operating revenue beats estimates, explores strategic alternatives
Reuters2026/07/29 20:55
Overview
Marine transport provider's Q2 operating revenue fell 10% yr/yr, net income returned to profit
Company completed sale of five vessels, recognized $31.3 mln in gains
Board is evaluating strategic alternatives, including possible sale or merger
Outlook
Company does not expect its two premium liftboats in the Middle East to operate in Q3 2026
Company says timing of full recovery in Middle East depends on resolution of conflict
SEACOR Marine says it remains constructive on opportunities in several international markets
Result Drivers
VESSEL UTILIZATION - Co said improved utilization after vessel repositioning and contract commencements contributed to results
ASSET SALES - Gains from sale of five vessels as part of fleet optimization strategy boosted quarterly income
MIDDLE EAST CHALLENGES - Higher labor and insurance costs and softening offshore activity in Middle East weighed on results
Company press release: ID:nGNXxb3n7
Key Details
Metric |
Beat/Miss |
Actual |
Consensus Estimate |
Q2 Operating Revenue |
Beat |
$54.60 mln |
$45.60 mln (1 Analyst) |
Q2 Net Income |
|
$3.30 mln |
|
Q2 Operating Income |
|
$16 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "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 is $11.00, about 38% above its July 28 closing price of $7.97
Reuters Recommended Reads
July 29 - Singapore's CH Offshore half-year revenue falls 16%
July 28 - Expro Group Q2 adjusted EPS misses estimates on Middle East conflict
July 29 - Ardmore Shipping Q2 revenue jumps on higher spot charter rates
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Colgate-Palmolive (CL.US) plans to sell part of its personal care brands, with a total transaction amount possibly exceeding 1.1 billions USD.
According to sources familiar with the matter, Colgate is exploring the sale of some of its mass-market personal care brands. The company currently plans to divest only a few brands within its personal care business, and the combined sale price may exceed 1 billion dollars.
EdiliziAcrobatica announces shareholder meeting notice
Storage Giant Offers Huge Bonuses Again: Micron Awards Up to 68 Months’ Bonus
Micron Technology has announced record-breaking bonuses for its employees in Taiwan, ranging from 35 to 68 months’ salary, with a minimum cash compensation of 1.7 million New Taiwan dollars. However, the Taoyuan union, representing about two-thirds of Micron’s workers in Taiwan, has refused to accept the offer, insisting that 15% of operating profits be included in the bonus distribution and maintaining the threat of a strike.
Crypto prices
More
