Tidewater Inc. ($TDW) reported second-quarter 2026 revenue of $342.3 million, slightly ahead of the prior year and above analyst estimates. The offshore services company continued to generate healthy top-line growth, but profitability came under pressure as margins narrowed during the period.
Key operating results included:
- Gross profit of $160.5 million, down year over year
- Operating profit of $62.5 million, also lower from a year earlier
- Net income attributable to common shareholders of $21.7 million, a sharp decline from last year
- Diluted earnings per share of $0.43, below the prior-year level
Cash generation remained solid, with operating cash flow of $67 million. Tidewater also ended the quarter with $613.5 million in cash and cash equivalents, up significantly from a year earlier, while total liabilities rose to $978 million.
Cost pressures were visible in the quarter, as cost of sales increased and capital spending rose meaningfully year over year. Overall, the release showed a business still producing strong revenue and cash, but with earnings reflecting a more challenging profit environment.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Tidewater Inc. Insider Trading Activity
Tidewater Inc. insiders have traded $TDW stock on the open market 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $TDW stock by insiders over the last 6 months:
- DANIEL A. HUDSON (EVP & GENERAL COUNSEL) has made 0 purchases and 3 sales selling 30,195 shares for an estimated $2,281,102.
- SAMUEL R RUBIO (EVP, CFO & CAO) sold 22,461 shares for an estimated $1,798,003
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
Tidewater Inc. Hedge Fund Activity
We have seen 181 institutional investors add shares of Tidewater Inc. stock to their portfolio, and 153 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WELLINGTON MANAGEMENT GROUP LLP added 1,186,989 shares (+838.1%) to their portfolio in Q1 2026, for an estimated $99,172,930
- PRICE T ROWE ASSOCIATES INC /MD/ removed 1,146,858 shares (-26.3%) from their portfolio in Q1 2026, for an estimated $95,819,985
- UBS GROUP AG added 759,115 shares (+100.9%) to their portfolio in Q1 2026, for an estimated $63,424,058
- DRIEHAUS CAPITAL MANAGEMENT LLC added 610,510 shares (+412.4%) to their portfolio in Q1 2026, for an estimated $51,008,110
- CERITY PARTNERS LLC removed 600,326 shares (-52.5%) from their portfolio in Q1 2026, for an estimated $50,157,237
- NEUBERGER BERMAN GROUP LLC removed 437,555 shares (-11.8%) from their portfolio in Q1 2026, for an estimated $36,557,720
- SOURCEROCK GROUP LLC added 423,513 shares (+inf%) to their portfolio in Q1 2026, for an estimated $35,384,511
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Tidewater Inc. Price Targets
Multiple analysts have issued price targets for $TDW recently. We have seen 2 analysts offer price targets for $TDW in the last 6 months, with a median target of $90.0.
Here are some recent targets:
- Eddie Kim from Barclays set a target price of $86.0 on 05/08/2026
- James West from Evercore ISI Group set a target price of $94.0 on 03/04/2026
