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v3.25.2

Business Segment Information - Measure of segment profit or loss (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] |  |  |  |
Total Revenue | $ 302,288 | $ 364,797 | $ 580,352 | $ 661,008
Less: |  |  |  |
Direct cost of revenues | (287,340) | (289,311) | (537,866) | (565,968)
Selling, general and administrative expenses | (18,100) | (22,293) | (37,466) | (42,973)
Other segment items |  |  |  | 150
Income (loss) from operations | (3,152) | 53,193 | 5,020 | 51,917
Reportable Segments |  |  |  |
Less: |  |  |  |
Income (loss) from operations | 6,682 | 66,515 | 25,502 | 76,673
Intercompany Eliminations |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total Revenue | (7,769) | (10,454) | (15,776) | (26,857)
Reportable Segment, Aggregation before Other Operating Segment |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total Revenue | 302,288 | 364,797 | 580,352 | 661,008
Reportable Segment, Aggregation before Other Operating Segment | Reportable Segments |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total Revenue | 310,057 | 375,251 | 596,128 | 687,865
Reportable Segment, Aggregation before Other Operating Segment | Intercompany Eliminations |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total Revenue | 7,769 | 10,454 | 15,776 | 26,857
Well Intervention |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total Revenue | 156,786 | 217,761 | 355,160 | 422,968
Well Intervention | Reportable Segments |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total Revenue | 156,786 | 217,761 | 355,160 | 429,061
Less: |  |  |  |
Direct cost of revenues | (165,154) | (180,529) | (335,187) | (364,722)
Operations support | (3,938) | (3,617) | (7,957) | (7,580)
Selling, general and administrative expenses | (4,124) | (4,316) | (8,476) | (8,781)
Income (loss) from operations | (16,430) | 29,299 | 3,540 | 47,978
Well Intervention | Intercompany Eliminations |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total Revenue |  |  |  | 6,093
Well Intervention | Material reconciling |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total Revenue |  | 6,900 |  | 12,100
Robotics |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total Revenue | 77,815 | 70,901 | 120,902 | 110,982
Robotics | Reportable Segments |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total Revenue | 85,572 | 81,249 | 136,614 | 131,558
Less: |  |  |  |
Direct cost of revenues | (62,573) | (49,111) | (104,208) | (89,824)
Operations support | (1,345) | (1,250) | (2,736) | (2,663)
Selling, general and administrative expenses | (2,610) | (2,488) | (5,279) | (5,221)
Income (loss) from operations | 19,044 | 28,400 | 24,391 | 33,850
Robotics | Intercompany Eliminations |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total Revenue | 7,757 | 10,348 | 15,712 | 20,576
Shallow Water Abandonment |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total Revenue | 50,606 | 50,735 | 67,372 | 77,506
Shallow Water Abandonment | Reportable Segments |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total Revenue | 50,618 | 50,841 | 67,436 | 77,694
Less: |  |  |  |
Direct cost of revenues | (46,460) | (45,909) | (71,999) | (79,133)
Operations support | (2,664) | (3,278) | (5,525) | (6,670)
Selling, general and administrative expenses | (1,851) | (1,935) | (3,710) | (4,450)
Other segment items |  |  |  | (150)
Income (loss) from operations | (357) | (281) | (13,798) | (12,709)
Shallow Water Abandonment | Intercompany Eliminations |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total Revenue | 12 | 106 | 64 | 188
Production Facilities |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total Revenue | 17,081 | 25,400 | 36,918 | 49,552
Production Facilities | Reportable Segments |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total Revenue | 17,081 | 25,400 | 36,918 | 49,552
Less: |  |  |  |
Direct cost of revenues | (12,173) | (15,384) | (24,437) | (40,699)
Operations support | (154) | (125) | (267) | (268)
Selling, general and administrative expenses | (329) | (794) | (845) | (1,031)
Income (loss) from operations | $ 4,425 | $ 9,097 | $ 11,369 | $ 7,554

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