Quarterly report [Sections 13 or 15(d)]

REVENUES (Tables)

v3.25.2
REVENUES (Tables)
 6 Months Ended
Jun. 30, 2025
Revenue Recognition [Abstract]  
Schedule of Disaggregation of Revenue Revenues earned by each segment for the periods reflected in the table below were as follows (in thousands):
Three Months Ended June 30, Six Months Ended
June 30,
2025 2024 2025 2024
Offshore Energy Services(1)
$ 252,810  $ 249,693  $ 492,595  $ 479,588 
Government Services 92,499  79,578  178,442  161,750 
Other Services 31,120  30,478  55,922  55,505 
Total Revenues $ 376,429  $ 359,749  $ 726,959  $ 696,843 
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(1)Includes revenues of approximately $4.2 million and $5.8 million for the three and six months ended June 30, 2024, respectively, related to fixed wing revenues in Africa that were previously classified in Other Services.
Revenues from and payments to related parties for the periods reflected in the table below were as follows (in thousands):
Three Months Ended June 30, Six Months Ended June 30,
2025 2024 2025 2024
Revenues from related parties $ 6,813  $ 10,038  $ 13,669  $ 17,159 
Payments to related parties $ 1,037  $ 1,002  $ 2,684  $ 2,088 
Schedule of Deferred Revenues
The Company’s deferred revenues were as follows (in thousands):
June 30,
2025		 December 31,
2024
Short-term $ 24,262  $ 15,186 
Long-term 24,589  8,385 
Total deferred revenues $ 48,851  $ 23,571