The strategic review remains the key catalyst; any announcement of a sale or restructuring could drive significant upside. Monitor Q4 2026 for continued operational improvement in PSV and liftboat segments, and watch for resolution of Middle East market softness.
Price Chart
Executive Summary
SEACOR Marine reported Q3 2026 revenue of $57.3M (above $53.0M consensus) and a net loss of $9.5M ($0.36 per share), which was better than the consensus EPS loss of $0.61. Operating metrics improved sequentially (DVP up 138% QoQ, utilization at 71%, day rates at $21,100), but revenue declined 3.3% YoY and the company swung to a net loss from a $9.0M profit in Q3 2025 due to the absence of large vessel sale gains. The ongoing strategic review adds uncertainty.
Key Financial Metrics
Key Facts
- Q3 2026 revenue $57.3M vs. consensus $53.0M (beat)
- Net loss $9.5M ($0.36 per share) vs. consensus EPS loss $0.61 (beat)
- Revenue declined 3.3% YoY from $59.2M in Q3 2025
- Direct vessel profit (DVP) $18.9M, up 64% YoY from $11.5M
- Average day rates $21,100 vs. $19,490 in Q3 2025; utilization 71% vs. 66%
- Operating loss $1.4M vs. operating income $18.1M in Q3 2025 (due to absence of vessel sale gains)
- Board continuing strategic review to maximize shareholder value
Financial Impact
Revenue beat consensus by $4.3M (8.1%); EPS loss of $0.36 beat consensus loss of $0.61 by $0.25 (41% surprise). Net loss of $9.5M vs. net income of $9.0M in Q3 2025.
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Americas | $19.6M | -15.4% |
| Africa and Europe | $27.9M | +20.6% |
| Middle East and Asia | $9.8M | -24.3% |
Risk Factors
- Revenue declined 3.3% YoY; net loss widened from prior year profit
- Middle East and Asia segment posted negative DVP of $2.3M due to project delays
- Liftboat utilization at 33% with ongoing maintenance issues
- Strategic review may not result in any transaction
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3390775 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 28, 2026 2d ago | Press Release | No price | awaiting T+60 | awaiting T+60 | No price |
Oct 28, 2026 2d ago | 8-K | $9.83 | awaiting T+60 | awaiting T+60 | $9.86 (+0.31%) |
Oct 15, 2026 15d ago | Court Ruling | $8.21 | awaiting T+60 | awaiting T+60 | $9.86 (+20.10%) |
Aug 11, 2026 11w ago | Insider Cluster | $9.73 | awaiting T+60 | awaiting T+60 | $9.86 (+1.34%) |
Aug 4, 2026 12w ago | Insider Cluster | $9.45 $9.83 | ▲ +4.02% | ▲ +4.08% | $9.86 (+4.34%) |
Jul 31, 2026 12w ago | Insider Cluster | $9.48 $8.83 | ▲ +6.91% | ▲ +8.69% | $9.86 (−4.01%) |
Jul 29, 2026 13w ago | Press Release | $9.54 $8.63 | ▼ −9.54% | ▼ −12.00% | $9.86 (+3.35%) |
Jul 17, 2026 15w ago | Insider Cluster | $7.73 $8.67 | ▲ +12.16% | ▲ +7.32% | $9.86 (+27.55%) |
May 21, 2026 23w ago | 8-K | $7.21 $9.86 | ▲ +36.75% | ▲ +33.56% | $9.86 (+36.75%) |
Apr 29, 2026 26w ago | Press Release | No price | awaiting T+60 | awaiting T+60 | No price |
US Market Status
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