Lower operating costs were driven primarily by lower crew salaries and travel costs combined with lower supplies and consumables expense due to fewer idle and repair days offset somewhat by higher R&M expense.

Nov 11, 2025 / CFO / receipt, needs a key / Sam Rubio, CFO | earnings call 2025-11-11 | transcript 36f2cbc1-4a37-4313-8a35-6cbefe71e246 | chars 21808-22017 | segment 21

In the quarter we saw an increase in R&M costs and fuel costs related to the mobilization of 13 vessels, which resulted in 289 mobilization days. This increase was offset by the decrease in crew salaries and travel costs as we continued to realize synergies as part of the SPO acquisition.

May 9, 2023 / CFO / receipt, needs a key / Sam Rubio, CFO | earnings call 2023-05-09 | transcript e4f5621d-04bb-46fd-8fc7-1c602f28dc80 | chars 21069-21358 | segment 21

G&A cost for the quarter was $18 million, an increase of $1.3 million from Q2 due to higher professional fees, travel costs, and franchise taxes.

Nov 10, 2021 / CFO / receipt, needs a key / Sam Rubio, CFO | earnings call 2021-11-10 | transcript de577cb7-24c7-402c-bfef-16a58ae98e19 | chars 21344-21489 | segment 22