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.
Key figures
- Eps
- 0.43
- Revenue
- 342300000
- Guidance
- 2026 revenue $1.42B-$1.47B, gross margin 49%-50% pro forma for WSUT acquisition
- Net income
- 21700000
- Free cash flow
- 64400000
- Adjusted ebitda
- 133800000
- Average day rate
- 22938
- Operating income
- 62528000
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