Tidewater Inc. (TDW) reported second-quarter 2026 revenue of $342.3 million, up 4.9% from the first quarter of 2026 and slightly above $341.4 million in the year-earlier quarter. Net income attributable to Tidewater was $21.7 million, or $0.43 per diluted common share.
For the six months ended June 30, 2026, revenue was $668.5 million and net income attributable to Tidewater was $27.8 million, or $0.56 per diluted common share. The company updated its 2026 revenue guidance range to $1.42 billion to $1.47 billion and gross margin guidance to 49% to 50%, pro forma for the WSUT acquisition.
- Second-quarter average day rate was $22,938 per day, up $655 per day, or 2.9%, from the first quarter.
- Weighted average leading edge day rate was $24,341, up 7.5% sequentially.
- Net cash provided by operating activities was $67.0 million, and free cash flow was $64.4 million.
- The company said it now expects to close the WSUT acquisition around September 1, 2026.
- Tidewater reported an outstanding share repurchase program authorization of $500 million.
$TDGMW Hedge Fund Activity
We have seen 0 institutional investors add shares of $TDGMW stock to their portfolio, and 0 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ESTABROOK CAPITAL MANAGEMENT added 0 shares (+0.0%) to their portfolio in Q1 2026, for an estimated $0
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.
