Tidewater (NYSE:TDW) Releases Earnings Results, Misses Estimates By $0.03 EPS

Tidewater (NYSE:TDW) posted its quarterly earnings data on Monday. The oil and gas company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.03), FiscalAI reports. Tidewater had a return on equity of 8.79% and a net margin of 22.16%.The firm had revenue of $342.29 million for the quarter, compared to the consensus estimate of $329.97 million.

Tidewater Stock Performance

NYSE:TDW traded down $3.62 during midday trading on Monday, hitting $71.44. The company’s stock had a trading volume of 751,420 shares, compared to its average volume of 789,355. Tidewater has a fifty-two week low of $46.65 and a fifty-two week high of $93.13. The firm’s 50 day moving average is $72.47 and its 200-day moving average is $75.04. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.33 and a quick ratio of 3.22. The firm has a market cap of $3.55 billion, a P/E ratio of 11.97 and a beta of 0.53.

Key Tidewater News

Here are the key news stories impacting Tidewater this week:

• Positive Sentiment: Second-quarter revenue rose 4.9% sequentially to $342.3 million, beating the analyst consensus of $329.97 million. Average day rates increased to $22,938, while the leading-edge day rate climbed 7.5% sequentially to $24,341. Tidewater Q2 revenue rises to $342.3 million
• Positive Sentiment: Cash generation remained solid, with $67.0 million of operating cash flow and $64.4 million of free cash flow. Tidewater ended the quarter with $613.5 million in cash and has $500 million remaining under its share-repurchase authorization.
• Positive Sentiment: The company expects to close its WSUT acquisition around September 1, 2026, and reiterated gross-margin guidance of 49% to 50% on a pro forma basis for the transaction.
• Neutral Sentiment: Institutional ownership changes were mixed: 181 investors added shares while 153 reduced positions in the latest quarter. Analysts cited in the reports maintain price targets ranging from $86 to $94, above recent trading levels.
• Negative Sentiment: Adjusted earnings per share were $0.43, below the $0.46 consensus estimate and well below $1.46 a year earlier. Net income fell to $21.7 million from $72.9 million, while gross profit and operating profit also declined as costs and capital spending increased. Tidewater Reports Results for the Six Months Ended June 30, 2026
• Negative Sentiment: Tidewater lowered or set 2026 revenue guidance at $1.42 billion to $1.47 billion, below the roughly $1.5 billion analyst consensus, signaling slower expected growth.
• Negative Sentiment: Reported insider activity showed four open-market sales and no purchases during the past six months, including sales by executives Daniel Hudson and Samuel Rubio.

Institutional Trading of Tidewater

A number of hedge funds and other institutional investors have recently made changes to their positions in TDW. EverSource Wealth Advisors LLC lifted its position in Tidewater by 701.6% during the second quarter. EverSource Wealth Advisors LLC now owns 994 shares of the oil and gas company’s stock valued at $46,000 after purchasing an additional 870 shares during the period. Headlands Technologies LLC purchased a new position in shares of Tidewater during the 2nd quarter valued at about $47,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Tidewater during the 4th quarter valued at about $53,000. Wexford Capital LP acquired a new position in shares of Tidewater in the 3rd quarter valued at about $56,000. Finally, Arax Advisory Partners acquired a new position in shares of Tidewater in the 4th quarter valued at about $55,000. Institutional investors and hedge funds own 95.13% of the company’s stock.

Analyst Upgrades and Downgrades

TDW has been the topic of several analyst reports. Barclays lifted their price target on shares of Tidewater from $80.00 to $86.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Weiss Ratings cut Tidewater from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. Pickering Energy Partners upgraded Tidewater from an “underperform” rating to a “neutral” rating in a research note on Thursday, June 11th. Zacks Research cut Tidewater from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Finally, Fearnley Fonds raised Tidewater from a “hold” rating to a “strong-buy” rating in a report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $89.33.

About Tidewater

Tidewater Inc is a leading global provider of offshore marine support vessels, serving the energy sector with a focus on the oil and gas industry. Headquartered in Houston, Texas, the company operates a diverse fleet of platform supply vessels (PSVs), anchor handling tug supply vessels (AHTSs), crew boats and other specialized vessels designed to support offshore drilling, production and construction activities.

The company’s fleet is equipped to handle a range of maritime services, including the transport of personnel, equipment and bulk materials; anchor handling and mooring operations; and subsea construction support.