TIDEWATER INC (TDW) Form 10-Q — May 4, 2026
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.
Key figures
- Eps
- 0.12
- Revenue
- 326222000
- Net Income
- 5976000
- Total Debt
- 648616000
- Cash Position
- 552280000
- Deal Value Usd
- 500000000
- Shares Outstanding
- 49730652
- Operating Income
- 58984000
- Income Tax Expense
- 34903000
- Vessel Operating Profit
- 78983000
Price after filing
Close on the filing date to close N calendar days later (from $87.08). Historical, not a forecast.
AI analysis
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