Earnings release
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SEACOR MARINE Exhibit 99.1 PRESS RELEASE SEACOR MARINE ANNOUNCES SECOND QUARTER 2026 RESULTS AND STRATEGIC ALTERNATIVES REVIEW Houston , Texas July 29 , 2026 FOR IMMEDIATE RELEASE - SEACOR Marine Holdings Inc. ( NYSE : SMHI ) ( the “ Company ” or “ SEACOR Marine ” ) , a leading provider of marine and support transportation services to offshore energy facilities worldwide , today announced results for its second quarter ended June 30 , 2026 , and separately announced that its Board of Directors ( the " Board " ) is evaluating potential strategic alternatives to maximize shareholder value . Second Quarter 2026 Results SEACOR Marine's consolidated operating revenues for the second quarter of 2026 were $ 54.6 million , operating income was $ 16.0 million , and direct vessel profit ( " DVP " ) ( 1 ) was $ 7.9 million . This compares to consolidated operating revenues of $ 60.8 million , operating income of $ 6.1 million , and DVP of $ 11.3 million in the second quarter of 2025 , and consolidated operating revenues of $ 44.3 million , operating loss of $ 6.4 million , and DVP of $ 6.7 million in the first quarter of 2026 . Notable second quarter items include : • • 10.2 % decrease in revenues from the second quarter of 2025 and 23.4 % increase from the first quarter of 2026 . Average day rates of $ 20,227 , compared to $ 19,731 in the second quarter of 2025 and $ 18,199 in the first quarter of 2026 . • 68 % utilization , compared to 68 % in the second quarter of 2025 and 59 % in the first quarter of 2026 . • • • DVP margin of 14.5 % , compared to 18.6 % in the second quarter of 2025 and 15.2 % in the first quarter of 2026 . During the second quarter of 2026 , the Company completed the sale of five vessels and other equipment for net cash proceeds of $ 44.7 million and after transaction costs , recognized gains of $ 31.3 million . During the quarter , administrative and general costs increased due to professional fees associated with the termination of certain prior engagements ; excluding this one - time charge , the Company's administrative and general costs were $ 9.3 million for the second quarter of 2026 , compared to $ 12.0 million for the second quarter of 2025 and $ 10.0 million for the first quarter of 2026 . For the second quarter of 2026 , net income was $ 3.3 million ( $ 0.13 earnings per basic share and $ 0.12 earnings per diluted share ) . This compares to a net loss for the second quarter of 2025 of $ 6.7 million ( $ 0.26 loss per basic and diluted share ) .