TDW: T. Rowe Price reports 4,420,463 shares, 8.9% ownership

Rhea-AI Filing Summary

Tidewater Inc. (TDW): Schedule 13G/A filed by T. Rowe Price Associates, Inc. reports an institutional, passive stake. The filer beneficially owns 4,420,463 shares of Tidewater common stock, representing 8.9% of the class as of the event date. The firm has sole voting power over 4,371,266 shares and sole dispositive power over 4,420,463 shares, with no shared voting or dispositive power.

T. Rowe Price certifies the securities were acquired and are held in the ordinary course of business and not to change or influence control. The event date triggering this amendment is September 30, 2025.

Insights

Equity ownership analyst

Passive 8.9% stake disclosed; no control intent stated.

T. Rowe Price Associates reports beneficial ownership of 4,420,463 Tidewater shares, equal to 8.9% of the class. It holds sole voting power over 4,371,266 shares and sole dispositive power over 4,420,463 shares.

The filing uses Schedule 13G, appropriate for institutional investors reporting holdings acquired in the ordinary course. The certification specifies no purpose or effect of changing or influencing control.

This is an ownership disclosure rather than a transactional event. Actual market impact depends on future portfolio decisions; the filing does not indicate planned actions.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

TIDEWATER INC

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

88642R109

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 88642R109

1

Names of Reporting Persons

T. Rowe Price Associates, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 4,371,266.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 4,420,463.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,420,463.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.9 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: TIDEWATER INC
(b)	Address of issuer's principal executive offices: 842 WEST SAM HOUSTON PARKWAY NORTH, SUITE 400, HOUSTON, TX, 77024
Item 2.
(a)	Name of person filing: T. Rowe Price Associates, Inc.
(b)	Address or principal business office or, if none, residence: 1307 Point Street, Baltimore, MD 21231
(c)	Citizenship: Maryland
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP No.: 88642R109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 4420463
(b)	Percent of class: 8.9 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 4371266
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 4420463
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. T. Rowe Price Associates, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Associates is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

T. Rowe Price Associates, Inc.

Signature:	Ellen York
Name/Title:	Vice President
Date:	11/14/2025

FAQ

What did T. Rowe Price disclose about Tidewater (TDW)?

They filed a Schedule 13G/A reporting 4,420,463 shares beneficially owned, equal to 8.9% of Tidewater’s common stock.

Is T. Rowe Price’s TDW stake passive or activist?

The certification states the shares were acquired and are held in the ordinary course of business and not to change or influence control.

What voting and dispositive powers were reported for TDW?

Sole voting power over 4,371,266 shares; sole dispositive power over 4,420,463 shares; no shared powers.

What is the event date for this ownership report on TDW?

The date of the event requiring the filing is September 30, 2025.

Under which rule did T. Rowe Price file the 13G/A?

As an investment adviser eligible under Rule 13d-1(b).