Tidewater Inc. (TDW) Stock Falls on Q1 2026 Earnings

Tidewater Inc. (TDW) reported first-quarter 2026 revenue of $326.2 million (down 2.17% year over year), slightly below the consensus revenue estimate of $327.6 million. Diluted earnings per share came in at $0.12 (down 85.5% year over year), versus an EPS estimate of $0.68. Shares moved -3.66% since market close.

Gross profit: $159.3 million (down 4.65% year over year)

Operating profit: $59.0 million (down 15.7% year over year)

Net income attributable to common shareholders: $6.1 million (down 85.6% year over year)

Diluted EPS: $0.12 (down 85.54% year over year)

Cost of sales: $167.0 million (up 0.32% year over year)

The quarter shows pressure on profitability despite relatively stable top-line performance; gross and operating margins contracted and net income fell sharply.

Cash from operating activities: $19.2 million (down 77.69% year over year)

Purchases of property, plant and equipment: $14.9 million (up 44.99% year over year)

Cash and cash equivalents: $552.3 million (up 61.58% year over year)

Total liabilities: $976.7 million (up 2.18% year over year)

Liquidity remains strong with a sizable cash balance, but operating cash flow weakened and capital spending increased year over year, contributing to mixed signals for the quarter for Tidewater Inc. (TDW).

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.

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Tidewater Inc. Hedge Fund Activity

We have seen 179 institutional investors add shares of Tidewater Inc. stock to their portfolio, and 165 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC removed 825,224 shares (-75.3%) from their portfolio in Q4 2025, for an estimated $41,682,064
PILGRIM GLOBAL ADVISORS LLC removed 608,448 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $30,732,708
CERITY PARTNERS LLC added 583,607 shares (+104.3%) to their portfolio in Q4 2025, for an estimated $29,477,989
UBS GROUP AG removed 385,498 shares (-33.9%) from their portfolio in Q4 2025, for an estimated $19,471,503
JANUS HENDERSON GROUP PLC removed 305,839 shares (-97.9%) from their portfolio in Q4 2025, for an estimated $15,447,927
KEYBANK NATIONAL ASSOCIATION/OH added 304,682 shares (+inf%) to their portfolio in Q1 2026, for an estimated $25,456,181
CANOE FINANCIAL LP added 274,800 shares (+inf%) to their portfolio in Q1 2026, for an estimated $22,959,540

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.

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 $87.0.

Here are some recent targets:

Eddie Kim from Barclays set a target price of $80.0 on 04/01/2026
James West from Evercore ISI Group set a target price of $94.0 on 03/04/2026