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Revenue from Contracts with Customers (Tables)

9 Months Ended

Sep. 30, 2025

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 September 30, 2025
Short-term	$	80,075	$	82,168	$	70,777	$	—	$	—	$	233,020
Long-term		113,130		17,239		3,865		18,513		(8,807)		143,940
Total	$	193,205	$	99,407	$	74,642	$	18,513	$	(8,807)	$	376,960

Three months ended September 30, 2024 ⁽¹⁾
Short-term	$	130,150	$	48,906	$	53,410	$	—	$	(38)	$	232,428
Long-term		44,463		35,620		18,185		20,695		(8,972)		109,991
Total	$	174,613	$	84,526	$	71,595	$	20,695	$	(9,010)	$	342,419

Nine months ended September 30, 2025
Short-term	$	150,428	$	169,497	$	132,898	$	—	$	(60)	$	452,763
Long-term		397,937		66,524		9,180		55,431		(24,523)		504,549
Total	$	548,365	$	236,021	$	142,078	$	55,431	$	(24,583)	$	957,312

Nine months ended September 30, 2024 ⁽¹⁾
Short-term	$	417,716	$	118,275	$	121,142	$	—	$	(6,471)	$	650,662
Long-term		185,958		97,809		28,147		70,247		(29,396)		352,765
Total	$	603,674	$	216,084	$	149,289	$	70,247	$	(35,867)	$	1,003,427


	Well				Shallow Water		Production		Intercompany		Total
	Intervention		Robotics		Abandonment		Facilities		Eliminations		Revenue
Three months ended September 30, 2025
Production maximization	$	65,350	$	33,591	$	2,607	$	18,513	$	(3,804)	$	116,257
Decommissioning		124,364		13,071		72,035		—		(4,374)		205,096
Renewables		—		50,104		—		—		—		50,104
Other		3,491		2,641		—		—		(629)		5,503
Total	$	193,205	$	99,407	$	74,642	$	18,513	$	(8,807)	$	376,960

Three months ended September 30, 2024 ⁽¹⁾
Production maximization	$	92,323	$	34,541	$	483	$	20,695	$	(6,266)	$	141,776
Decommissioning		82,135		2,746		71,112		—		(2,744)		153,249
Renewables		—		42,804		—		—		—		42,804
Other		155		4,435		—		—		—		4,590
Total	$	174,613	$	84,526	$	71,595	$	20,695	$	(9,010)	$	342,419

Nine months ended September 30, 2025
Production maximization	$	189,112	$	87,871	$	4,953	$	55,431	$	(8,478)	$	328,889
Decommissioning		353,809		24,320		137,049		—		(15,031)		500,147
Renewables		—		108,865		76		—		—		108,941
Other		5,444		14,965		—		—		(1,074)		19,335
Total	$	548,365	$	236,021	$	142,078	$	55,431	$	(24,583)	$	957,312

Nine months ended September 30, 2024 ⁽¹⁾
Production maximization	$	270,301	$	73,573	$	6,734	$	70,247	$	(23,704)	$	397,151
Decommissioning		332,959		15,257		142,555		—		(11,812)		478,959
Renewables		—		117,469		—		—		—		117,469
Other		414		9,785		—		—		(351)		9,848
Total	$	603,674	$	216,084	$	149,289	$	70,247	$	(35,867)	$	1,003,427

(1)	For the three- and nine-month periods ended September 30, 2024, $8.1 million and $20.1 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.