Tidewater Inc SEC Filings

Tidewater Inc. (TDW) reported Q3 results with total revenue of $341.113 million for the three months ended September 30, 2025. Operating income was $62.651 million, but the company posted a net loss of $0.806 million (diluted loss per share $0.02) driven by a $27.1 million loss on early extinguishment of debt tied to refinancing.

Tidewater issued $650.0 million of 9.125% Senior Notes due 2030 and redeemed its 2026 and 2028 notes and its term loan, incurring redemption premiums and writing off discounts. It also put in place a new $250.0 million senior secured revolving credit facility maturing April 15, 2030. Year-to-date, revenue reached $1,015.988 million with net income of $114.004 million (diluted EPS $2.27), and cash from operating activities rose to $226.148 million.

Cash and cash equivalents increased to $428.225 million as of September 30, 2025. The company repurchased and retired 2,290,204 shares for approximately $90.0 million under Board-approved programs, with 49,562,017 shares outstanding as of September 30, 2025. Tidewater owned 209 vessels (average age 13.0 years) and recorded a Pillar Two tax expense accrual of approximately $11.0 million year-to-date.

Tidewater Inc. (TDW) furnished an earnings release announcing financial results for the quarter ended September 30, 2025. The press release is included as Exhibit 99.1 and incorporated by reference.

The company includes forward-looking statements subject to risks and uncertainties, noting factors such as energy demand, oil and gas prices, fleet capacity, capital access, customer spending, technological changes, operational risks, international exposure, and regulatory developments.

The information under Item 2.02, including Exhibit 99.1, is furnished and not deemed filed under the Exchange Act or the Securities Act, except as expressly incorporated by reference.

Tidewater, Inc. (TDW) — Form 144 filing: The notice discloses a proposed insider sale of 56,343 common shares through Charles Schwab, valued at $3.46 million based on the market price indicated in the form. The seller intends to execute the trade on or after 08 Aug 2025 on the NYSE. These shares represent roughly 0.11 % of Tidewater’s 49.49 million shares outstanding.

The shares were acquired on 08 Mar 2024 via equity-compensation from the issuer. In the past three months the same individual, David Darling, already sold 25,127 shares for $2.74 million. No other financial metrics or corporate events are included in this filing.

Tidewater Inc. (TDW) Q2-25 10-Q highlights: Revenue was essentially flat YoY at $341.4 m (+0.6%), but disciplined cost control and FX gains lifted net income 45% to $72.9 m and diluted EPS to $1.46 (vs $0.94). Six-month EPS rose 24% to $2.27.

Margin & cash: Q2 operating margin expanded to 23.7% (22.9% LY). Operating cash flow rose 28% to $171.4 m; FCF after $26.2 m capex was >$140 m. Cash & equivalents increased to $369.4 m while long-term debt fell to $531.9 m (-7%). Net leverage is ~0.9×.

Capital allocation: Company repurchased 2.29 m shares for $90 m YTD, shrinking shares outstanding 3.9%. Subsequent to quarter-end, TDW issued $650 m 9.125% senior notes due 2030 and redeemed all 2026 secured, 2028 unsecured and term-loan debt, incurring $19.5 m make-whole premiums but pushing maturities out five years and adding a new $250 m revolver.

Segment trends: Europe/Mediterranean led growth (vessel rev +19% YoY), whereas Americas and Asia-Pac softened. Fleet count held at 211; six vessels sold generated $8 m gain.

Tax & FX: Release of a $27 m U.S. NOL valuation allowance produced an $18 m deferred-tax benefit. FX swing added $11.7 m to other income; new EUR forward hedges showed a $3.4 m unrealised loss.

Balance-sheet quality improved, earnings surged, and debt profile was extended, albeit at a higher coupon.

Tidewater, Inc. (TDW) – Form 4 insider transaction

Executive Vice President & General Counsel Daniel A. Hudson reported the sale of 5,000 common shares on 07 July 2025 at a weighted-average price of $50.016 per share. The transaction was executed under a previously established Rule 10b5-1 trading plan dated 17 Mar 2025, indicating it was pre-scheduled.

Following the sale, Hudson’s direct holdings total 85,986 shares. No derivative security transactions were reported, and there were no purchases disclosed.

The filing provides no additional information on Tidewater’s operations, earnings, or strategy; it is strictly a disclosure of this single insider sale.

Tidewater, Inc. (TDW) has filed a Form 144 indicating the planned sale of up to 5,000 common shares through The Charles Schwab Corporation. The filing lists an aggregate market value of approximately $250,079, an anticipated sale date of 07/08/2025, and notes that the company has 49,476,301 shares outstanding. The shares were originally acquired as compensation on 03/10/2023 and 03/08/2024. No other sales by the reporting person have occurred in the past three months, and no non-cash consideration is involved. The notice affirms that the seller is unaware of undisclosed material adverse information concerning Tidewater.