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Equipment Acquisitions and Dispositions
3 Months Ended
Mar. 31, 2026
Property, Plant and Equipment [Abstract]  
Equipment Acquisitions and Dispositions
2.
EQUIPMENT ACQUISITIONS AND DISPOSITIONS

During the three months ended March 31, 2026, capital expenditures were $6.1 million and there were no equipment deliveries. During the three months ended March 31, 2026, the Company sold one PSV, previously classified as held for sale, and other equipment for net cash proceeds of $12.8 million, after transaction costs, for a gain of $7.4 million. During the three months ended March 31, 2025, the Company sold one liftboat and other equipment for net cash proceeds of $8.5 million, after transaction costs, for a gain of $5.8 million.