Details of Certain Accounts (Tables)

6 Months Ended

Jun. 30, 2026

Details of Certain Accounts

Schedule of other current assets

Other current assets consist of the following (in thousands):


		June 30,			December 31,
		2026			2025
Prepaids		$	30,524		$	28,949
Income tax receivable			14,648			7,383
Contract assets (Note 9)			9,414			3,156
Deferred costs (Note 9)			21,136			18,678
Other			6,646			7,155
Total other current assets		$	82,368		$	65,321

Schedule of other assets, net

Other assets, net consist of the following (in thousands):


		June 30,			December 31,
		2026			2025
Prepaid charter ⁽¹⁾		$	12,544		$	12,544
Deferred costs (Note 9)			10,221			6,910
Other receivable ⁽²⁾			28,614			27,291
Intangible assets with finite lives, net			2,126			2,287
Other			1,306			1,410
Total other assets, net		$	54,811		$	50,442

(1)	Represents prepayments to the owner of the Sea Helix 1 and the Siem Helix 2, which may be used to offset certain payment obligations associated with the vessels at the end of their respective charter term.

(2)	Represents the present value of receivables for P&A work to be performed by us on Droshky field oil and gas properties we acquired from Marathon Oil Corporation in 2019.

Schedule of accrued liabilities

Accrued liabilities consist of the following (in thousands):


		June 30,			December 31,
		2026			2025
Accrued payroll and related benefits		$	40,418		$	41,926
Accrued interest			10,003			10,102
Deferred revenue (Note 9)			5,670			17,115
Other			16,667			21,822
Total accrued liabilities		$	72,758		$	90,965

Schedule of other non-current liabilities

Other non-current liabilities consist of the following (in thousands):


		June 30,			December 31,
		2026			2025
Asset retirement obligations (Note 13)		$	71,882		$	68,770
Other			2,510			2,663
Total other non-current liabilities		$	74,392		$	71,433