NYSE$SMHI
SEACOR Marine Holdings Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
SEACOR Marine reported a substantial improvement in operating performance for the fourth quarter of 2024, driven by fewer out-of-service days and improved utilization across most segments.
SEACOR Marine reported consolidated operating revenues of $69.8 million for the fourth quarter of 2024, with an operating income of $10.6 million and a net loss of $26.2 million. This represents a significant improvement in operating performance compared to prior quarters of 2024, primarily due to increased fleet utilization and reduced out-of-service days for repairs and drydockings.
- Operating revenues decreased by 4.5% compared to Q4 2023 but increased by 1.3% from Q3 2024.
- Average day rates increased by 4.8% from Q4 2023, remaining flat compared to Q3 2024.
- Fleet utilization improved to 72%, up from 71% in Q4 2023 and 67% in Q3 2024.
- The company recognized a one-time loss of $31.9 million on debt extinguishment due to refinancing, with $28.3 million being non-cash.
Headline financials
Revenue & EPS history
SEACOR Marine · Revenue · Quarterly
$69.8M
Revenue by segment
SEACOR Marine · $54M total across 3 segments · Q2 2022
- Time Charter$49.5M—91.6%
- Other Marine Services$4.47M—8.3%
- Bareboat Charter$48K—0.1%
Forward guidance
SEACOR Marine anticipates continued healthy inquiry levels across most international markets for 2025, with a focus on maximizing utilization of premium liftboats and addressing mandatory maintenance and decommissioning activity in the Gulf of America.
Tailwinds
- Healthy level of inquiries across most international markets.
- Plans to commence permanent repairs of a U.S. flag premium liftboat by end of Q3 2025, aiming to maximize utilization.
- Backlog of mandatory maintenance and decommissioning activity in the Gulf of America expected to lead to increased activity.
- Fleet mix is well positioned to meet current demand expectations.
- Expansion and complement of the fleet with modern and fuel-efficient PSVs, with new vessels scheduled for delivery in Q4 2026 and Q1 2027.
Headwinds
- Soft market conditions observed in the North Sea during Q4 2024.
- Customer delays in programmed activities in Mexico and the U.S. during Q4 2024.
- Regulatory or financial hurdles in the North Sea and Mexico are subduing demand for oil and gas services.
- Significant challenges for offshore wind in the U.S. near term.
- The company is not immune to the mid-cycle lull in offshore drilling activity worldwide.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
-1.5%
Avg return
Earnings day
-2.9%
Avg return
5 days after
+2.3%
Avg return
30 days after
41%
16 / 39 earnings
Positive
+15.9%
Q4 2023
Best reaction
-18.7%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.5% | -0.7% | -0.1% | |
| Q4 2025 | -8.0% | -6.4% | -7.3% | |
| Q3 2025 | +3.3% | +14.0% | +17.5% | |
| Q1 2025 | -0.2% | +4.8% | +12.9% | |
| Q4 2024 | +4.4% | -7.9% | -9.5% | |
| Q3 2024 | -18.7% | -20.2% | -17.8% | |
| Q2 2024 | -9.5% | -21.1% | -15.4% | |
| Q1 2024 | +2.5% | -4.2% | +7.7% | |
| Q4 2023 | +15.9% | +14.9% | +33.4% | |
| Q3 2023 | -1.7% | -1.9% | -10.3% | |
| Q2 2023 | -3.6% | +1.4% | +8.3% | |
| Q1 2023 | +4.5% | +7.4% | +16.2% | |
| Q4 2022 | -6.6% | -7.7% | -29.8% | |
| Q3 2022 | -4.1% | -5.0% | +15.4% | |
| Q2 2022 | -2.9% | -0.6% | +2.4% | |
| Q1 2022 | -1.0% | -4.1% | +15.0% | |
| Q4 2021 | +0.3% | -13.1% | +34.1% | |
| Q3 2021 | +6.3% | +6.3% | -15.8% | |
| Q2 2021 | +5.6% | +3.3% | +10.3% | |
| Q1 2021 | -3.9% | -10.5% | +10.8% | |
| Q4 2020 | +4.2% | -2.4% | -8.0% | |
| Q3 2020 | +7.1% | +2.9% | +26.5% | |
| Q2 2020 | -2.3% | +8.2% | -2.3% | |
| Q1 2020 | -13.3% | -22.4% | +63.1% | |
| Q4 2019 | -1.1% | -19.6% | -44.1% | |
| Q3 2019 | +0.3% | -8.0% | -10.3% | |
| Q2 2019 | +2.6% | -1.6% | +8.2% | |
| Q1 2019 | -5.7% | +0.1% | +1.8% | |
| Q4 2018 | -10.4% | -4.1% | +2.7% | |
| Q3 2018 | +1.9% | +1.9% | -12.0% | |
| Q2 2018 | -3.2% | -0.8% | -6.9% | |
| Q1 2018 | -5.4% | -8.3% | -8.8% | |
| Q4 2015 | -3.3% | -2.4% | +19.6% | |
| Q4 2017 | -3.3% | -2.4% | +19.6% | |
| Q3 2017 | -5.8% | -7.3% | -12.8% | |
| Q2 2017 | -7.5% | -13.5% | -14.2% | |
| Q1 2016 | +2.1% | +6.1% | -2.8% | |
| Q1 2017 | +2.1% | +6.1% | -2.8% | |
| Q4 2016 | +2.1% | +6.1% | -2.8% |
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