Every 10-Q that Tidewater Inc (TDW) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow TDW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TDW filings page.
Tidewater Inc. reported second‑quarter 2026 revenue of $342,287 thousand, essentially flat with the prior year, while net income attributable to Tidewater declined to $21,662 thousand from $72,930 thousand. For the first six months, revenue was $668,509 thousand and net income attributable was $27,802 thousand versus $674,875 thousand and $115,583 thousand a year earlier.
Total vessel operating costs, general and administrative expense and depreciation and amortization all increased year over year. Income tax expense rose to $59,965 thousand from $31,693 thousand, and foreign exchange moved from a $19,272 thousand gain to a $4,091 thousand loss. Cash and cash equivalents were $613,544 thousand at June 30, 2026, against long‑term debt of $647,523 thousand, and net cash from operating activities was $86,222 thousand in the first half.
Tidewater agreed to acquire the Wilson Companies for $500.0 million in cash, adding 22 platform supply vessels in Brazil, with closing expected around September 1, 2026 after key approvals and waivers were obtained. The company also holds an approximately $85.7 million judgment related to Venezuelan asset expropriation that remains unrecognized because collection is uncertain.
Tidewater Inc. reported weaker quarterly results for the three months ended March 31, 2026. Revenue was $326.2M, slightly below the prior year, while net income fell to $6.0M from $42.3M. Diluted earnings per share declined to $0.12 from $0.83 as higher tax expense and lower operating income weighed on results.
The company ended the quarter with $552.3M of cash and cash equivalents and total debt of $668.7M, including 9.125% senior notes due 2030. Tidewater owned 206 vessels with an average age of 13.4 years.
Tidewater agreed to acquire the Wilson Companies, which own 22 platform supply vessels in Brazil, for $500.0M cash, subject to customary adjustments and approvals, and expects closing in late second quarter 2026. Management noted cost increases in the Middle East segment tied to the Iran conflict but indicated all vessels there remain under contract.
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) 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.