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Segment Information (Tables)

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following tables summarize the operating results, capital expenditures and assets of the Company’s reportable segments for the periods indicated (in thousands):

		United States (primarily Gulf of America)				Africa and Europe				Middle East and Asia				Latin America				Total
For the Three Months Ended March 31, 2026
Operating Revenues:
Time charter		$	2,093			$	22,534			$	9,580			$	7,750			$	41,957
Bareboat charter			—				—				—				828				828
Other marine services			201				577				638				81				1,497
			2,294				23,111				10,218				8,659				44,282
Direct Costs and Expenses:
Operating:
Personnel			2,275				4,982				4,433				3,732				15,422
Repairs and maintenance			388				2,957				5,999				1,256				10,600
Drydocking			363				176				636				77				1,252
Insurance and loss reserves			131				330				1,039				292				1,792
Fuel, lubes and supplies			274				1,334				899				801				3,308
Other			10				3,192				623				1,374				5,199
			3,441				12,971				13,629				7,532				37,573
Direct Vessel (Loss) Profit		$	(1,147	)		$	10,140			$	(3,411	)		$	1,127				6,709
Other Costs and Expenses:
Lease expense		$	128			$	—			$	73			$	49				250
Administrative and general																			9,954
Depreciation and amortization			1,169				4,063				3,101				1,997				10,330
																			20,534
Gains on asset dispositions and impairments, net																			7,448
Operating loss																		$	(6,377	)
As of March 31, 2026
Property and Equipment:
Historical Cost		$	57,898			$	304,919			$	243,319			$	146,504			$	752,640
Accumulated Depreciation			(43,283	)			(133,802	)			(115,303	)			(49,402	)			(341,790	)
		$	14,615			$	171,117			$	128,016			$	97,102			$	410,850
Total Assets (1)		$	35,398			$	221,523			$	195,188			$	114,981			$	567,090

(1)Total Assets by region does not include corporate assets of $73.7 million as of March 31, 2026.

		United States (primarily Gulf of America)				Africa and Europe				Middle East and Asia				Latin America				Total
For the Three Months Ended March 31, 2025
Operating Revenues:
Time charter		$	6,765			$	20,835			$	15,710			$	8,623			$	51,933
Bareboat charter			—				—				—				708				708
Other marine services			235				852				292				1,479				2,858
			7,000				21,687				16,002				10,810				55,499
Direct Costs and Expenses:
Operating:
Personnel			6,486				5,183				4,927				1,941				18,537
Repairs and maintenance			1,479				3,462				2,505				1,074				8,520
Drydocking			1,066				1,241				1,031				531				3,869
Insurance and loss reserves			702				594				702				155				2,153
Fuel, lubes and supplies			819				2,180				883				664				4,546
Other			349				2,727				881				346				4,303
			10,901				15,387				10,929				4,711				41,928
Direct Vessel (Loss) Profit		$	(3,901	)		$	6,300			$	5,073			$	6,099				13,571
Other Costs and Expenses:
Lease expense		$	136			$	63			$	83			$	55				337
Administrative and general																			11,486
Depreciation and amortization			3,705				4,402				3,230				1,473				12,810
																			24,633
Gains on asset dispositions and impairments, net																			5,809
Operating loss																		$	(5,253	)
As of March 31, 2025
Property and Equipment:
Historical Cost		$	215,578			$	325,000			$	236,337			$	105,046			$	881,961
Accumulated Depreciation			(107,646	)			(125,722	)			(98,960	)			(33,094	)			(365,422	)
		$	107,932			$	199,278			$	137,377			$	71,952			$	516,539
Total Assets (1)		$	137,600			$	237,451			$	186,108			$	89,247			$	650,406

(1)Total Assets by region does not include corporate assets of $43.8 million as of March 31, 2025.

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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