Quarterly report [Sections 13 or 15(d)]

SEGMENTS - Schedule of Operating Performance (Details)

v3.25.2
SEGMENTS - Schedule of Operating Performance (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting Information [Line Items]        
Revenues $ 376,429 $ 359,749 $ 726,959 $ 696,843
Less:        
Personnel 88,729 77,913 176,040 162,111
Repairs and maintenance 64,788 69,143 126,103 134,866
Insurance 6,149 6,212 12,983 12,863
Fuel 20,399 22,876 39,274 44,510
Leased-in equipment 26,515 25,449 52,564 51,688
Other segment costs 71,911 52,040 128,712 102,650
Total operating expenses 278,491 253,633 535,676 508,688
General and administrative expenses 44,375 44,933 87,475 88,280
Depreciation and amortization expense 17,312 16,848 34,153 34,017
Total costs and expenses 340,178 315,414 657,304 630,985
Gains (losses) on disposal of assets 6,209 (224) 5,651 (337)
Earnings from unconsolidated affiliates 180 651 882 2,070
Operating income (loss) 42,640 44,762 76,188 67,591
Offshore Energy Services        
Segment Reporting Information [Line Items]        
Revenues 252,810 249,693 492,595 479,588
Less:        
Personnel 55,047 49,565 111,813 105,842
Repairs and maintenance 48,078 52,487 94,985 103,297
Insurance 3,824 4,154 7,853 8,543
Fuel 12,865 15,452 25,567 30,732
Leased-in equipment 15,204 14,952 30,137 30,506
Other segment costs 43,640 35,994 81,296 72,165
Total operating expenses 178,658 172,604 351,651 351,085
General and administrative expenses 23,813 25,725 47,072 50,137
Depreciation and amortization expense 6,924 7,046 13,794 14,268
Total costs and expenses 209,395 205,375 412,517 415,490
Gains (losses) on disposal of assets 0 0 0 0
Earnings from unconsolidated affiliates 180 651 882 2,070
Operating income (loss) 43,595 44,969 80,960 66,168
Government Services        
Segment Reporting Information [Line Items]        
Revenues 92,499 79,578 178,442 161,750
Less:        
Personnel 27,271 22,569 51,744 44,145
Repairs and maintenance 13,369 13,183 24,730 25,387
Insurance 1,948 1,766 4,385 3,747
Fuel 2,681 2,257 4,763 4,360
Leased-in equipment 9,699 9,356 19,392 18,861
Other segment costs 21,717 9,492 34,588 19,303
Total operating expenses 76,685 58,623 139,602 115,803
General and administrative expenses 10,230 9,038 19,959 17,922
Depreciation and amortization expense 7,496 6,848 14,782 13,666
Total costs and expenses 94,411 74,509 174,343 147,391
Gains (losses) on disposal of assets 0 0 0 0
Earnings from unconsolidated affiliates 0 0 0 0
Operating income (loss) (1,912) 5,069 4,099 14,359
Other Services        
Segment Reporting Information [Line Items]        
Revenues 31,120 30,478 55,922 55,505
Less:        
Personnel 6,411 5,779 12,483 12,124
Repairs and maintenance 3,341 3,473 6,388 6,182
Insurance 377 292 745 573
Fuel 4,853 5,167 8,944 9,418
Leased-in equipment 1,612 1,141 3,035 2,321
Other segment costs 6,554 6,554 12,828 11,182
Total operating expenses 23,148 22,406 44,423 41,800
General and administrative expenses 1,850 1,670 3,445 3,560
Depreciation and amortization expense 2,679 2,737 5,233 5,602
Total costs and expenses 27,677 26,813 53,101 50,962
Gains (losses) on disposal of assets 0 0 0 0
Earnings from unconsolidated affiliates 0 0 0 0
Operating income (loss) 3,443 3,665 2,821 4,543
Corporate        
Segment Reporting Information [Line Items]        
Revenues 0 0 0 0
Less:        
Personnel 0 0 0 0
Repairs and maintenance 0 0 0 0
Insurance 0 0 0 0
Fuel 0 0 0 0
Leased-in equipment 0 0 0 0
Other segment costs 0 0 0 0
Total operating expenses 0 0 0 0
General and administrative expenses 8,482 8,500 16,999 16,661
Depreciation and amortization expense 213 217 344 481
Total costs and expenses 8,695 8,717 17,343 17,142
Gains (losses) on disposal of assets 6,209 (224) 5,651 (337)
Earnings from unconsolidated affiliates 0 0 0 0
Operating income (loss) $ (2,486) $ (8,941) $ (11,692) $ (17,479)