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Revenue from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2025

Revenue from Contracts with Customers

Schedule of disaggregation of revenue

The following tables provide information about disaggregated revenue by contract duration and by market strategy (in thousands):


		Well						Shallow Water			Production			Intercompany			Total
		Intervention			Robotics			Abandonment			Facilities			Eliminations			Revenue
Three months ended June 30, 2025
Short-term		$	46,130		$	64,779		$	46,550		$	—		$	(8)		$	157,451
Long-term			110,656			20,793			4,068			17,081			(7,761)			144,837
Total		$	156,786		$	85,572		$	50,618		$	17,081		$	(7,769)		$	302,288

Three months ended June 30, 2024 ⁽¹⁾
Short-term		$	153,152		$	44,193		$	42,369		$	—		$	(106)		$	239,608
Long-term			64,609			37,056			8,472			25,400			(10,348)			125,189
Total		$	217,761		$	81,249		$	50,841		$	25,400		$	(10,454)		$	364,797

Six months ended June 30, 2025
Short-term		$	70,353		$	87,329		$	62,121		$	—		$	(60)		$	219,743
Long-term			284,807			49,285			5,315			36,918			(15,716)			360,609
Total		$	355,160		$	136,614		$	67,436		$	36,918		$	(15,776)		$	580,352

Six months ended June 30, 2024 ⁽¹⁾
Short-term		$	287,566		$	69,369		$	67,732		$	—		$	(6,433)		$	418,234
Long-term			141,495			62,189			9,962			49,552			(20,424)			242,774
Total		$	429,061		$	131,558		$	77,694		$	49,552		$	(26,857)		$	661,008


		Well						Shallow Water			Production			Intercompany			Total
		Intervention			Robotics			Abandonment			Facilities			Eliminations			Revenue
Three months ended June 30, 2025
Production maximization		$	26,800		$	29,554		$	1,270		$	17,081		$	(702)		$	74,003
Decommissioning			128,762			7,233			49,348			—			(6,622)			178,721
Renewables			—			41,987			—			—			—			41,987
Other			1,224			6,798			—			—			(445)			7,577
Total		$	156,786		$	85,572		$	50,618		$	17,081		$	(7,769)		$	302,288

Three months ended June 30, 2024 ⁽¹⁾
Production maximization		$	108,043		$	20,596		$	3,009		$	25,400		$	(6,560)		$	150,488
Decommissioning			109,546			7,099			47,832			—			(3,547)			160,930
Renewables			—			50,493			—			—			—			50,493
Other			172			3,061			—			—			(347)			2,886
Total		$	217,761		$	81,249		$	50,841		$	25,400		$	(10,454)		$	364,797

Six months ended June 30, 2025
Production maximization		$	123,762		$	54,280		$	2,346		$	36,918		$	(4,674)		$	212,632
Decommissioning			229,445			11,249			65,014			—			(10,657)			295,051
Renewables			—			58,761			76			—			—			58,837
Other			1,953			12,324			—			—			(445)			13,832
Total		$	355,160		$	136,614		$	67,436		$	36,918		$	(15,776)		$	580,352

Six months ended June 30, 2024 ⁽¹⁾
Production maximization		$	177,978		$	39,032		$	6,251		$	49,552		$	(17,438)		$	255,375
Decommissioning			250,824			12,511			71,443			—			(9,068)			325,710
Renewables			—			74,665			—			—			—			74,665
Other			259			5,350			—			—			(351)			5,258
Total		$	429,061		$	131,558		$	77,694		$	49,552		$	(26,857)		$	661,008

(1)	For the three- and six-month periods ended June 30, 2024, $6.9 million and $12.1 million, respectively, have been removed from Well Intervention segment revenues and related intersegment eliminations. See Note 11 regarding this change in prior year reported segment information.