SEACOR Marine Swings to $9.5M Q3 Loss as Asset-Sale Gains Fade
SMHI sits 55% above its 52-week low of $5.75.
Summary
SEACOR Marine reported a Q3 2026 net loss of $9.5M (-$0.36/share) versus $9.0M of income a year earlier, when results included $30.2M of asset-sale gains, and nine-month losses widened to $22.0M as cash fell to $75.6M, with the board's strategic review still running. Direct vessel profit rose to $18.9M from $11.5M even as the quarter swung to a $1.4M operating loss from $18.1M of operating income.
Updated with a Wiseek News report · What changed
Updates
· Wiseek News — SEACOR Marine's Q3 2026 direct vessel profit rose to $18.9M from $11.5M a year earlier, while operating loss was $1.4M versus $18.1M operating income.
· Dow Jones Newswires — Seacor Marine's nine-month net loss widened to $22.0 million.
Key Events · Earnings and Guidance · SMHI
-
Updated · · Wiseek News
Q3 Swings to $9.5M Net Loss
Net loss of $9.464M (-$0.36 per share) versus net income of $8.994M ($0.35) in Q3 2025; revenue slipped to $57.251M from $59.194M, direct vessel profit rose to $18.9M from $11.5M a year earlier, and operating income of $18.1M a year earlier turned to a $1.4M operating loss.
-
Asset-Sale Gains No Longer Carry Results
Q3 2026 had a $4K asset-disposition loss versus $30.230M of gains a year earlier; nine-month gains were $38.791M on $57.7M of proceeds versus $55.202M on $116.1M in 2025.
-
Middle East and Asia Turns Negative
Direct vessel loss of $10.178M for the nine months versus $2.936M of profit a year earlier, offsetting Africa and Europe's improvement to $32.166M from $20.610M.
-
Cash Burn and Debt Paydown
Cash and restricted cash fell to $75.6M from $108.2M a year ago; operations used $31.456M and $22.5M of debt was repaid, leaving $316.4M gross debt and $25.0M of remaining ATM capacity.
Analysis · SMHI · Energy & Transportation
Last year's quarter was flattered by $30.2M of vessel-sale gains; strip those out and SEACOR Marine posted a $1.4M operating loss and a $9.5M net loss (-$0.36/share) versus $0.35 of EPS a year ago, while direct vessel profit actually rose to $18.9M from $11.5M and operating income of $18.1M a year ago turned to a $1.4M operating loss. Nine-month red ink widened to $22.0M from $13.2M even as the company keeps selling vessels to pay down debt and fund two new PSVs. The Middle East and Asia region is the weak spot, swinging to a $10.2M direct vessel loss from a $2.9M profit, while Africa and Europe improved to $32.2M of direct vessel profit. Cash plus restricted cash fell to $75.6M from $108.2M a year ago and operations consumed $31.5M, leaving the $25.0M remaining ATM capacity and the ongoing board strategic review (announced July 29, 2026, no timetable) as the main swing factors for the equity story.
How filings like this one have moved
In the 30 days to Oct 29, 2026, 31.1% of the 1661 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SMHI was trading at $8.93 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $242.3M. The 52-week trading range was $5.75 to $10.00. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.