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

Tidewater (NYSE:TDW) announced its quarterly earnings results on Monday. The oil and gas company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.03), FiscalAI reports. The company had revenue of $342.29 million during the quarter, compared to analyst estimates of $329.97 million. Tidewater had a net margin of 22.16% and a return on equity of 8.79%. The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the company posted $1.46 EPS.

Tidewater Price Performance

Shares of Tidewater stock opened at $71.44 on Tuesday. The company has a quick ratio of 3.22, a current ratio of 3.33 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 11.97 and a beta of 0.53. Tidewater has a twelve month low of $46.65 and a twelve month high of $93.13. The company has a 50-day simple moving average of $72.31 and a two-hundred day simple moving average of $75.14.

Trending Headlines about Tidewater

Here are the key news stories impacting Tidewater this week:

• Positive Sentiment: Second-quarter revenue rose 4.9% sequentially to $342.3 million, exceeding estimates of approximately $330 million and remaining slightly above the year-earlier period. Tidewater Reports Results for the Six Months Ended June 30, 2026
• Positive Sentiment: Offshore vessel pricing improved: the average day rate increased 2.9% sequentially to $22,938, while the leading-edge day rate rose 7.5% to $24,341. Tidewater also generated $67.0 million in operating cash flow and $64.4 million in free cash flow.
• Positive Sentiment: The company ended the quarter with $613.5 million in cash and has $500 million remaining under its share-repurchase authorization. The WSUT acquisition is expected to close around September 1, potentially supporting future growth. Tidewater Q2 revenue rises to $342.3 million
• Neutral Sentiment: Quarterly EPS of $0.43 exceeded the Zacks consensus estimate of $0.32, but other published estimates placed consensus at $0.46, implying a modest miss under that measure. Tidewater Q2 Earnings and Revenues Beat Estimates
• Negative Sentiment: Profitability deteriorated sharply year over year. Net income fell to $21.7 million from $72.9 million, EPS declined from $1.46 to $0.43, and gross and operating profit both decreased as costs and capital spending increased.
• Negative Sentiment: Tidewater’s updated 2026 revenue outlook of $1.42 billion to $1.47 billion is below the roughly $1.5 billion analyst expectation, while gross-margin guidance is 49% to 50%. This weaker outlook may pressure the stock despite healthy revenue and cash generation.
• Negative Sentiment: Reported insider activity showed four sales and no purchases during the past six months, adding a potentially cautious signal for investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Fearnley Fonds upgraded Tidewater from a “hold” rating to a “strong-buy” rating in a report on Friday, June 5th. Zacks Research downgraded Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Barclays increased their target price on Tidewater from $80.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Pickering Energy Partners raised Tidewater from an “underperform” rating to a “neutral” rating in a report on Thursday, June 11th. Finally, Weiss Ratings downgraded Tidewater from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $89.33.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. SummitTX Capital L.P. bought a new position in Tidewater in the fourth quarter valued at about $11,403,000. Ameriprise Financial Inc. lifted its holdings in shares of Tidewater by 159.7% in the second quarter. Ameriprise Financial Inc. now owns 358,563 shares of the oil and gas company’s stock worth $16,541,000 after acquiring an additional 220,473 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Tidewater by 14.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,752,685 shares of the oil and gas company’s stock worth $88,529,000 after acquiring an additional 215,145 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Tidewater in the 2nd quarter valued at approximately $5,884,000. Finally, Freestone Grove Partners LP boosted its stake in shares of Tidewater by 690.5% in the 4th quarter. Freestone Grove Partners LP now owns 114,334 shares of the oil and gas company’s stock valued at $5,775,000 after purchasing an additional 99,871 shares in the last quarter. 95.13% of the stock is owned by institutional investors.

Tidewater Company Profile

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.