Every 8-K 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 8-K covers material events a company has to report between its quarterly 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 (symbol: TDW) is the issuer of record for a Form 8-K filing submitted to the SEC.
Tidewater Inc. reported second-quarter 2026 revenue of $342.3 million, slightly above a year earlier, while net income attributable to Tidewater declined to $21.7 million, or $0.43 per diluted share, from $72.9 million, or $1.46 per share, in second-quarter 2025. Operating income was $62.5 million and Adjusted EBITDA was $133.8 million. For the first six months of 2026, revenue was $668.5 million and net income attributable to Tidewater was $27.8 million.
Fleet fundamentals continued to firm, with an average day rate of $22,938, up $655 sequentially, and a weighted average leading edge day rate of $24,341, up 7.5%. Vessel operating margin was 46.8% and global active-fleet utilization was 81.4%. Tidewater ended June 30, 2026 with $613.5 million in cash and cash equivalents and 49.8 million common shares outstanding, plus in-the-money warrants for 72,265 shares.
The company updated its 2026 guidance to revenue of $1.42–$1.47 billion and gross margin of 49–50%, reflecting an expected around September 1, 2026 closing of the WSUT acquisition and ongoing conflict-related costs in the Middle East. Management expects about $13.1 million of 2026 conflict-related costs, of which $7.6 million is contractually billable, and highlighted an outstanding share repurchase authorization of $500 million.
Tidewater Inc. provided an update on its planned acquisition of Wilson Sons Ultratug Participações S.A. and Atlantic Offshore Services S.A. The company agreed to pay an aggregate cash purchase price of $500,000,000 on a debt free, cash free basis, subject to adjustments including a reduction for assuming the target companies’ debt, which was approximately $239.7 million as of March 31, 2026.
Tidewater has received all required local regulatory approvals, including from the Brazilian Antitrust Authority, and obtained change-of-control waivers under the targets’ primary credit facilities. The parties are finalizing remaining closing documentation and now expect the transaction to close sometime during the third quarter of 2026, subject to satisfaction of the remaining conditions.
Tidewater Inc. reported results of its 2026 annual meeting of stockholders. Stockholders approved a First Amendment to the Amended and Restated 2021 Stock Incentive Plan, increasing the maximum number of shares available for issuance under the plan by 2,250,000 shares, effective June 16, 2026.
All seven director nominees were elected to one-year terms, and an advisory vote on executive compensation received stockholder approval. Stockholders also ratified the selection of PricewaterhouseCoopers LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026. Meeting quorum was achieved with 89.57% of eligible shares represented.
Tidewater Inc. reported weaker profitability for the quarter ended March 31, 2026 but reaffirmed its full-year outlook. Revenue was $326.2 million, down 2.2% from $333.4 million a year earlier, as average day rates were essentially flat at $22,283 per day and fleet utilization remained high.
Net income fell to $6.1 million, or $0.12 per diluted share, compared with $42.7 million, or $0.83 per share, in the prior-year quarter, while Adjusted EBITDA was $129.3 million. Management reiterated 2026 revenue guidance of $1.43 billion to $1.48 billion and a gross margin of 49% to 51%, and highlighted a remaining $500 million share repurchase authorization.
The company emphasized strong vessel uptime, tighter offshore markets and progress integrating the planned Wilson Sons Ultratug acquisition, but noted higher operating costs related to the Middle East conflict and expects elevated expenses there to persist until the situation is resolved.
Tidewater Inc. reported that Director Darron M. Anderson has informed the Board he will not stand for reelection at the company’s 2026 Annual Meeting of Stockholders. The company states his decision is not due to any disagreement regarding operations, policies, or practices.
Mr. Anderson will continue serving on the Board and on the Audit Committee and Safety & Sustainability Committee until his current term expires at the 2026 Annual Meeting. After his departure, the size of the Board of Directors will be reduced from eight to seven members.
Tidewater Inc. reported solid full-year 2025 results with a sharp earnings jump despite a soft offshore backdrop. Revenue for 2025 was $1,352.8 million, up slightly from 2024, while net income rose to $333.5 million and Adjusted EBITDA reached $598.1 million. Results were helped by a non-cash deferred tax benefit of $201.5 million tied to a vessel realignment.
The business generated $379.1 million of operating cash flow and $426.0 million of free cash flow in 2025, allowing Tidewater to repurchase 2.5 million shares for $98.2 million. Year-end cash rose to $578.8 million, and common shares outstanding were 49,566,334.
Fourth-quarter 2025 revenue was $336.8 million, down 2.4% year over year, but net income jumped to $219.4 million and Adjusted EBITDA was $143.1 million, aided by a $2.1 million foreign exchange gain and the tax benefit. Average day rate was $22,044 per day, only slightly below the prior year, with vessel utilization in the high 70% range on a global basis.
Tidewater updated 2026 guidance to revenue of $1.43 to $1.48 billion and a gross margin of 49% to 51%, reflecting the previously announced Wilson Sons Ultratug acquisition in Brazil. The company also highlighted $500 million of remaining share repurchase authorization.
Tidewater Inc. has entered a definitive agreement to acquire all shares of Wilson Sons Ultratug Participações S.A. and Atlantic Offshore Services S.A., whose assets include 22 platform supply vessels in Brazil, for an enterprise value of approximately $500 million, including assumed debt of about $261 million as of September 30, 2025.
The deal is structured as an all-cash purchase funded from cash on hand, with completion subject to Brazilian antitrust (CADE) approval, lender consents, delivery of required financial statements and other customary conditions, and a long-stop date of December 31, 2026. Tidewater expects WSUT to generate roughly $220 million of revenue and a gross margin near 58% over the first 12 months after a late second-quarter 2026 closing, with about $14 million of annual G&A expense and a pro forma net leverage ratio below 1.0x.
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. (NYSE: TDW) filed an 8-K disclosing the successful pricing of a privately placed $650 million senior unsecured notes offering. The notes will bear a coupon of 9.125% and mature on July 15, 2030. Issued at par and sold under Rule 144A / Regulation S, the securities are available solely to qualified institutional buyers and non-U.S. investors.
Intended use of proceeds: (i) repay in full the company’s outstanding senior secured term loan; (ii) redeem its 8.50% Senior Secured Bonds due 2026 and 10.375% Senior Unsecured Bonds due 2028; and (iii) cover associated redemption premiums, accrued interest, fees and expenses. Any residual funding will come from existing cash on hand. The new notes will rank senior unsecured and carry guarantees from certain U.S. subsidiaries.
Capital-structure implications: • Extends Tidewater’s nearest bond maturity from 2026/2028 to 2030, lengthening the debt ladder by 2-4 years. • Replaces secured debt with unsecured debt, potentially freeing collateral and increasing financial flexibility. • Blended interest cost relative to existing instruments changes: the 9.125% coupon is 62.5 bp higher than the 2026 secured notes but 125 bp lower than the 2028 unsecured notes; the net cost effect versus the term loan was not disclosed.
The company issued a press release (Exhibit 99.1) on June 24 2025 announcing the transaction. Closing, redemption timing, and final net proceeds were not included in this filing.
Tidewater announced a significant debt refinancing initiative on June 23, 2025. The company plans to offer $650 million in senior notes due 2030 through a private offering to qualified institutional buyers under Rule 144A and Regulation S.
Key aspects of the refinancing plan:
- Proceeds will be used to repay existing senior secured term loan
- Redeem outstanding 8.50% Senior Secured Bonds due 2026
- Redeem outstanding 10.375% Senior Unsecured Bonds due 2028
- Cover associated premiums, interest, fees and expenses
Additionally, Tidewater secured commitment letters for a new $250 million senior secured revolving credit facility. The new facility's availability is contingent on completing the debt repayment and redemption process, though the Notes offering is not conditional on finalizing the new credit agreement.