Welcome to our dedicated page for Tidewater news (Ticker: TDW), a resource for investors and traders seeking the latest updates and insights on Tidewater stock.
Tidewater Inc. reports developments in its offshore support vessel business serving offshore energy exploration, field development, production, maintenance and offshore wind activity worldwide. Company updates commonly address vessel utilization, average day rates, revenue guidance, gross margin trends and demand from production support, offshore construction, subsea and EPCI work, drilling support and renewable energy projects.
Recurring news also covers capital allocation and balance-sheet actions, including debt refinancing, share repurchase authorization, internal vessel-ownership restructuring and material agreements involving fleet expansion. Tidewater manages activity across the Americas, Asia Pacific, the Middle East, Europe/Mediterranean and West Africa, so regional demand, foreign exchange effects and fleet repositioning are frequent themes in its results coverage.
Tidewater (NYSE: TDW) announced that it has completed the acquisition of Wilson Sons Ultratug Participações S.A. and its affiliate Atlantic Offshore Services S.A. (together, WSUT), effective August 31, 2026. The transaction adds WSUT’s fleet of 22 platform supply vessels (PSVs), which Tidewater says complements its existing offshore support vessel (OSV) fleet and supports its strategy to expand its global market position. According to Tidewater, the acquisition also strengthens its presence in Brazil, where the company remains optimistic about long-term market opportunities and the integration of WSUT employees into its operations.
Tidewater (NYSE:TDW) reported second quarter 2026 revenue of $342.3 million, up 4.9% sequentially and roughly flat versus $341.4 million a year earlier. Net income was $21.7 million ($0.43 per diluted share), compared with $72.9 million ($1.46 per share) in the prior-year quarter. Gross margin reached 46.9%. Average day rate rose to $22,938, up $655 (2.9%) quarter over quarter, while weighted average leading edge day rate increased 7.5% to $24,341. Adjusted EBITDA was $133.8 million, with operating cash flow of $67.0 million and free cash flow of $64.4 million.
For the first half of 2026, revenue was $668.5 million and net income attributable to Tidewater was $27.8 million, versus $674.9 million and $115.6 million, respectively, a year earlier. Tidewater updated 2026 guidance to revenue of $1.42–$1.47 billion and gross margin of 49%–50%, pro forma for the Wilson Sons Ultratug Offshore acquisition, which is now expected to close around September 1, 2026. The company expects about $13.1 million of conflict-related costs in 2026, of which approximately $7.6 million is contractually billable to customers, and maintains an outstanding $500 million share repurchase authorization.
Tidewater (NYSE: TDW) will release financial results for the three months ending June 30, 2026, on Monday, August 3, 2026, after market close. An earnings conference call will follow on Tuesday, August 4, 2026, at 8:00 a.m. Central Time, accessible by telephone and live webcast.
Tidewater (NYSE:TDW) reported Q1 2026 revenue of $326.2 million, down from $333.4 million year-over-year, with average day rate $22,283. Net income was $6.1 million and Adjusted EBITDA $129.3 million. Free cash flow totaled $34.4 million.
The company reiterated 2026 revenue guidance $1.43–$1.48 billion and pro forma gross margin 49%–51%, announced a $500 million share repurchase authorization, and disclosed the pending acquisition of Wilson Sons Ultratug (22 vessels), expected to close by end of Q2.
Tidewater (NYSE: TDW) will release earnings for the quarter ended March 31, 2026, on Monday, May 4, 2026 after market close. A conference call with CEO Quintin Kneen is scheduled for Tuesday, May 5, 2026 at 8:00 a.m. Central Time.
Listen by phone (U.S./Canada +1.800.715.9871; international +1.647.932.3411; Conference ID 8745688) or via live webcast at investor.tdw.com. A replay will be available from 11:00 a.m. CT on May 5, 2026.
Tidewater (NYSE:TDW) reported 2025 revenue of $1,352.8 million (up 0.5% vs. 2024) and fourth-quarter revenue of $336.8 million. Full-year net income was $334.7 million and Adjusted EBITDA was $598.1 million. Free cash flow totaled $426.0 million and the company repurchased 2.5 million shares for $98.2 million.
Tidewater recognized a $201.5 million non-cash deferred tax benefit tied to an internal vessel realignment, announced a 22-vessel Wilson Sons Ultratug acquisition (Brazil), updated 2026 revenue guidance to $1.43–$1.48 billion, and authorized a $500 million share repurchase program.
Tidewater (NYSE: TDW) will release financial results for the three and twelve months ended December 31, 2025 on March 2, 2026 after market close and will host an earnings conference call on March 3, 2026 at 8:00 a.m. Central Time.
President and CEO Quintin Kneen will discuss results; the call will be available by telephone and live webcast at investor.tdw.com, with a replay accessible starting 11:00 a.m. Central Time on March 3, 2026.
Tidewater (NYSE: TDW) agreed to acquire Wilson Sons Ultratug (WSUT) for an enterprise value of about $500 million, including assumed debt, expanding Tidewater's global fleet to 231 vessels and Brazilian fleet to 28 vessels.
The deal brings ~$441 million backlog, expected ~$220 million revenue and ~58% gross margin in the first 12 months, assumes ~$261 million of local debt, is cash-funded and is expected to close late Q2 2026 subject to CADE and customary approvals.
Tidewater (NYSE:TDW) reported Q3 2025 revenue of $341.1M (up 0.2% y/y) and nine‑month revenue of $1,016.0M. Q3 net loss was $0.8M and Adjusted EBITDA was $137.9M; nine‑month net income was $114.8M ($2.27/share). Average day rate rose to $22,798 (+2.3% y/y). Q3 results included a $27.1M loss on early debt extinguishment and a $1.3M FX gain. Operating cash flow was $72.1M and free cash flow $82.7M.
The company narrowed 2025 revenue guidance to $1.33–$1.35B and gross margin to 49–50%, initiated 2026 revenue guidance of $1.32–$1.37B and margin of 48–50%, and has an outstanding $500M share repurchase authorization.
Tidewater (NYSE: TDW) will release financial results for the three months ended September 30, 2025 on Monday, November 10, 2025 after market close.
An earnings conference call is scheduled for Tuesday, November 11, 2025 at 8:00 a.m. Central Time, with CEO Quintin Kneen discussing the quarter. Listen by phone (+1.800.715.9871 U.S./Canada or +1.647.932.3411 international) using Conference ID 8745688, or via live webcast at investor.tdw.com. A replay will be available beginning 11:00 a.m. Central Time on November 11, 2025 at the same IR site.
The call will include forward-looking statements and references the company’s risk disclosures in its most recent Forms 10-Q and 10-K. Tidewater operates a large fleet of offshore support vessels with over 65 years of experience in offshore energy and offshore wind support.