TIDEWATER INC (TDW) Tidewater Inc., along with its subsidiaries, provides essential marine support and transportation services globally for the offshore energy industry, leveraging its diverse fleet of specialized vessels. Its core activities include facilitating offshore oil and natural gas exploration, field development, and production, as well as contributing to windfarm development and maintenance. These critical services range from towing and anchor handling for mobile offshore drilling units to the crucial transport of supplies and personnel for ongoing drilling, workover, and production operations. Tidewater also offers offshore construction, seismic, and subsea support, provides geotechnical survey assistance for windfarm construction, and undertakes specialized tasks like pipe and cable laying. To achieve this, the company manages and charters a variety of vessels. Its deepwater fleet comprises platform supply vessels (PSVs) and anchor handling tug supply (AHTS) vessels, designed to move equipment and provisions from shore bases to offshore drilling rigs and production platforms in both deep and intermediate waters. For shallower operations, it deploys towing-supply vessels, alongside crew boats, utility vessels, and offshore tugs that shuttle personnel and materials to various offshore installations. Additionally, its offshore tugs play a vital role in towing floating drilling rigs and barges, assisting with tanker docking, and supporting construction barges, as well as pipe and cable laying activities. Tidewater's clientele is broad, encompassing major and independent oil and natural gas exploration and production firms, state-owned or controlled foreign entities, drilling contractors, and companies engaged in offshore construction, windfarm development, diving, and well stimulation. As of December 31, 2021, the company owned a fleet of 135 vessels. Tidewater Inc. was established in 1956 and is headquartered in Houston, Texas.
Sector: Water Transportation
Industry: Oil & Gas Equipment & Services
Tidewater Inc. NYSE:TDW Energy · Oil & Gas Equipment & Services
AH Close $86.07 +0.00% vs close
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All Press Release SEC Filings News
SEC Filing ⚠ 2
TDW: 8-K · material agreement
Tidewater Inc. disclosed that effective October 1, 2026, its legacy BNDES construction loan agreements were amended to terminate the sellers' parent company guarantees from Wilson Sons and Remolcadores, with Tidewater substituting as the new guarantor.
The amendments raised interest rates to 3.21% on four of the five credit facilities and 3.77% on the fifth, and increased the collateral coverage ratio on all loans to 130%.
Concurrently, the $170.458 million Replacement LCs procured from DNB Bank ASA to backstop Tidewater's indemnity obligations were cancelled effective October 2, 2026, completing a required step under the Amended & Restated SPA for the Wilson Sons/WSUT acquisition that closed August 31, 2026.
SEC 8-K • 20d ago AI analysis › SEC Filing ⚠ 3
TDW: 8-K · material agreement
Tidewater Inc. entered into a Guarantee Agreement with Brazilian development bank BNDES on September 21, 2026, under which Tidewater guarantees all payment obligations of its indirect wholly owned subsidiary Tidewater do Brasil S.A. under five BNDES Construction Loans originated between 2007 and 2012.
The guarantee is unsecured, ranks pari passu with Tidewater's other unsecured unsubordinated obligations, and remains in effect until the guaranteed obligations are paid in full. Tidewater is working with BNDES to release Wilson Sons S.A. and Remolcadores Ultratug Limitada as guarantors.
The filing creates a direct financial obligation under Item 2.03, but no principal amount is disclosed and no new cash borrowing occurs. The guarantee appears to be a condition to July 15, 2026 amendments to the credit agreements tied to Tidewater's acquisition of the Wilson Sons Offshore business.
SEC 8-K • 0mo ago AI analysis › Press Release ● Critical
Tidewater Announces Completion of Wilson Sons Ultratug Acquisition
Tidewater Inc. completed its acquisition of Wilson Sons Ultratug Participações S.A. and its affiliate Atlantic Offshore Services S.A., effective August 31, 2026.
The transaction adds 22 Platform Supply Vessels to Tidewater's fleet, complementing its existing assets and expanding its global market position in offshore support vessels.
CEO Quintin Kneen highlighted the strategic fit of the vessels and expressed optimism about the company's long-term growth opportunities in the Brazilian market.
• 1mo ago AI analysis › Press Release ● Major ⚠ 2
Tidewater Reports Results for the Six Months Ended June 30, 2026
Tidewater reported Q2 revenue of $342.3 million, a 4.9% increase sequentially, with net income of $21.7 million or $0.43 per share.
Operational performance was strong, generating $64.4 million in free cash flow and Adjusted EBITDA of $133.8 million, driven by a $655 increase in average day rates to $22,938.
Management updated 2026 full-year guidance to revenue of $1.42 billion to $1.47 billion and gross margin of 49% to 50%, pushing the expected closing of the WSUT acquisition to September 1.
• 2mo ago AI analysis › Press Release
Tidewater Announces Earnings Release and Conference Call
Tidewater scheduled the release of its financial results for the quarter ended June 30, 2026, for after the market close on August 3, 2026.
CEO Quintin Kneen will host a conference call to discuss the results on August 4, 2026, at 8:00 a.m. Central Time.
Investors can access the live call via telephone or webcast through the company's investor relations website.
• 2mo ago AI analysis › SEC Filing
TDW: 8-K · material agreement
Tidewater Inc. held its 2026 annual meeting of stockholders on June 16, 2026. The company's stockholders approved the First Amendment to the Amended and Restated 2021 Stock Incentive Plan, increasing the maximum number of shares available for issuance by 2,250,000 to a total of 4,750,000 shares.
All seven director nominees were elected to serve a one-year term, including Melissa Cougle, Dick H. Fagerstal, and Lois K. Zabrocky. Additionally, stockholders ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026.
SEC 8-K • 4mo ago AI analysis › SEC Filing ⚠ 3
TDW: 10-Q · periodic report
Tidewater Inc. reported net income of $6.0 million for the first quarter of 2026, a significant decrease from $42.3 million in the prior-year period, driven largely by a $34.9 million income tax expense attributed to international tax liabilities and Pillar Two top-up taxes. Revenue declined slightly to $326.2 million from $333.4 million, as lower utilization and vessel counts offset higher day rates in certain regions.
The company reiterated its plans to acquire the Wilson Companies for $500.0 million in cash, expected to close in the late second quarter of 2026. Tidewater also noted that the ongoing conflict in the Middle East has resulted in approximately $1.9 million of incremental costs, primarily from increased crew wages and insurance for vessels operating near the Strait of Hormuz.
SEC 10-Q • 5mo ago AI analysis › Press Release ● Major ⚠ 2
Tidewater Reports Results for the Three Months Ended March 31, 2026
Tidewater reported Q1 revenue of $326.2 million, a slight 2.2% decline year-over-year, but operational metrics like day rates and utilization outperformed expectations, particularly in the North Sea.
Adjusted EBITDA came in at $129.3 million with free cash flow of $34.4 million, while the company maintained its full-year revenue guidance of $1.43 billion to $1.48 billion.
The $500 million share repurchase program remains outstanding, and management highlighted the Wilson Sons Ultratug acquisition as on track to close by the end of Q2.
• 5mo ago AI analysis › Press Release
Tidewater Announces Earnings Release and Conference Call
Tidewater announced that it will release financial results for the three months ending March 31, 2026, on Monday, May 4, after the market closes.
The company scheduled an earnings conference call for Tuesday, May 5, at 8:00 a.m. Central Time, to be hosted by President and CEO Quintin Kneen.
Investors can access the live call via telephone or webcast through the Investor Relations section of the company's website.
• 5mo ago AI analysis › Recent SEC filings with analysis 
