Tidewater (TDW) reported third-quarter 2026 revenue of $360.4 million, compared with $341.1 million a year earlier. Net income attributable to Tidewater was $17.5 million, or $0.35 per diluted share, compared with a loss of $0.8 million, or $0.02 per diluted share, in the prior-year quarter.
The offshore vessel operator closed its $500 million all-cash acquisition of Wilson Sons Ultratug Offshore during the quarter and updated its 2026 revenue guidance to $1.43 billion to $1.44 billion.
- Third-quarter total revenue was $360.416 million, up from $342.287 million in the second quarter.
- Third-quarter diluted earnings per share were $0.35; nine-month diluted EPS was $0.91.
- Average day rate was $23,775, up $837 per day sequentially.
- Gross margin was 46.8% in the quarter.
- Net cash provided by operating activities totaled $75.2 million during the quarter.
- The company initiated 2027 revenue guidance of $1.70 billion to $1.75 billion and margin guidance of 51% to 53%.
- Tidewater repurchased about $25 million of shares since its prior earnings release, with $475 million remaining under its authorization.
$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 Q2 2026, for an estimated $0
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