v3.26.3
SEGMENTS - Schedule of Operating Performance (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Segment Reporting [Line Items]        
Revenues $ 437,920 $ 386,289 $ 1,238,380 $ 1,113,248
Less:        
Personnel 108,306 98,581 313,068 274,621
Repairs and maintenance 60,153 55,537 189,283 181,640
Insurance 6,622 5,778 19,187 18,761
Fuel 29,541 21,396 83,015 60,670
Leased-in equipment 30,981 26,714 88,395 79,278
Other segment costs 76,708 75,047 215,828 203,759
Total operating expenses 312,311 283,053 908,776 818,729
General and administrative expenses 50,804 43,205 138,281 130,680
Depreciation and amortization expense 29,478 17,739 82,753 51,892
Total costs and expenses 392,593 343,997 1,129,810 1,001,301
Gains on disposal of assets 1,939 8,245 9,716 13,896
Earnings (losses) from unconsolidated affiliates 437 (2) 3,668 880
Operating income (loss) 47,703 50,535 121,954 126,723
Corporate        
Segment Reporting [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 11,572 7,966 26,617 24,965
Depreciation and amortization expense 345 222 981 566
Total costs and expenses 11,917 8,188 27,598 25,531
Gains on disposal of assets 1,939 8,245 9,716 13,896
Earnings (losses) from unconsolidated affiliates 0 0 0 0
Operating income (loss) (9,978) 57 (17,882) (11,635)
Offshore Energy Services | Operating Segments        
Segment Reporting [Line Items]        
Revenues 256,016 250,431 771,967 743,026
Less:        
Personnel 58,217 62,304 178,679 174,117
Repairs and maintenance 40,059 42,777 133,386 137,762
Insurance 3,921 3,486 11,744 11,339
Fuel 16,351 13,162 48,842 38,729
Leased-in equipment 18,084 15,446 51,240 45,583
Other segment costs 33,185 41,325 106,589 122,621
Total operating expenses 169,817 178,500 530,480 530,151
General and administrative expenses 21,938 22,451 68,455 69,523
Depreciation and amortization expense 15,462 7,049 45,691 20,843
Total costs and expenses 207,217 208,000 644,626 620,517
Gains on disposal of assets 0 0 0 0
Earnings (losses) from unconsolidated affiliates 437 (2) 3,668 880
Operating income (loss) 49,236 42,429 131,009 123,389
Government Services | Operating Segments        
Segment Reporting [Line Items]        
Revenues 130,036 100,898 350,140 279,340
Less:        
Personnel 40,328 29,507 108,921 81,251
Repairs and maintenance 16,512 9,365 45,165 34,095
Insurance 2,279 1,950 6,383 6,335
Fuel 4,623 2,794 11,783 7,557
Leased-in equipment 11,037 9,572 31,744 28,964
Other segment costs 31,851 26,271 83,799 60,859
Total operating expenses 106,630 79,459 287,795 219,061
General and administrative expenses 13,933 11,007 36,407 30,966
Depreciation and amortization expense 10,898 7,846 28,565 22,628
Total costs and expenses 131,461 98,312 352,767 272,655
Gains on disposal of assets 0 0 0 0
Earnings (losses) from unconsolidated affiliates 0 0 0 0
Operating income (loss) (1,425) 2,586 (2,627) 6,685
Other Services | Operating Segments        
Segment Reporting [Line Items]        
Revenues 51,868 34,960 116,273 90,882
Less:        
Personnel 9,761 6,770 25,468 19,253
Repairs and maintenance 3,582 3,395 10,732 9,783
Insurance 422 342 1,060 1,087
Fuel 8,567 5,440 22,390 14,384
Leased-in equipment 1,860 1,696 5,411 4,731
Other segment costs 11,672 7,451 25,440 20,279
Total operating expenses 35,864 25,094 90,501 69,517
General and administrative expenses 3,361 1,781 6,802 5,226
Depreciation and amortization expense 2,773 2,622 7,516 7,855
Total costs and expenses 41,998 29,497 104,819 82,598
Gains on disposal of assets 0 0 0 0
Earnings (losses) from unconsolidated affiliates 0 0 0 0
Operating income (loss) $ 9,870 $ 5,463 $ 11,454 $ 8,284