Tidewater

Tidewater, Inc. engages in the provision of offshore marine support and transportation services to the offshore energy industry. It offers the towing of, and anchor handling for, mobile offshore drilling units, transporting supplies and personnel necessary to sustain drilling, work over and production activities, offshore construction and seismic and subsea support, geotechnical survey for wind farm construction, and a variety of specialized services such as pipe and cable laying. It operates through the following segments: Americas, Middle East and Asia Pacific, Europe and Mediterranean, and West Africa. The company was founded in 1955 and is headquartered in Houston, TX.

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Tidewater reports stellar Q4 results, eyes revenue growth in 2024

Tidewater's strong Q4 2022 performance reflects robust revenue growth, improved margins, and positive net income.
The company's focus on free cash flow generation, integration synergies, and strategic asset management positions it for future growth.
Challenges in cost management and vessel utilization are balanced by opportunities in day rate increases and strategic vessel deployment.
Overall, Tidewater's financial outlook remains positive, with a clear path towards sustained profitability and operational efficiency.

Tidewater reports robust Q1 earnings, eyes global market expansion

Tidewater's Q1 2023 performance reflects operational strength and strategic growth initiatives amidst market challenges and opportunities.
The company's focus on revenue diversification, cost management, and market adaptability positions it well for future growth and profitability.
With a solid financial performance, competitive pricing power, and a positive market outlook, Tidewater is poised for continued success in the offshore industry.

Tidewater reports strong Q2 results, eyes long-term contracts for growth

Tidewater's Q2 2023 performance reflects revenue growth, improved day rates, and strong financial metrics, despite integration costs impacting expenses.
The company's strategic focus on acquisitions, shareholder returns, and debt management aligns with positive market trends and investment opportunities.
Challenges include short-term utilization impacts, G&A expense increases, and managing lead times for bookings, while opportunities lie in securing long-term contracts and optimizing fleet positioning.
Overall, Tidewater remains optimistic about day rates, revenue potential, and the prospect of more long-term contracts, positioning itself for continued growth and stability.

Tidewater excels in Q3 with strong financials and growth outlook

Tidewater's Q3 performance reflects strong financial results, driven by Solstad fleet integration and favorable market conditions.
While facing operational challenges and short-term contract dynamics, the company remains well-positioned for growth in the offshore vessel market.
Strategic initiatives like the share repurchase program and focus on maximizing shareholder value underscore management's commitment to long-term success.
With a positive outlook for 2024 and opportunities for revenue growth through day rate increases, Tidewater is poised for continued success in the industry.

Tidewater excels in 2023, eyes growth through acquisitions and rates

Tidewater's robust financial performance in 2023 sets a strong foundation for continued growth in 2024, with a focus on revenue and margin improvement each quarter.
Strategic initiatives like share repurchases and a focus on optimizing capital allocation position Tidewater well for sustained success amidst market challenges.
The company's emphasis on value-accretive acquisitions, day rate increases, and strategic debt management underscores its commitment to long-term growth and profitability.

Tidewater surpasses Q1 expectations, eyes FPSO market opportunities

Tidewater's Q1 performance exceeded expectations, driven by strong revenue and gross margin growth. The company faces challenges with drydock impacts on utilization rates and analyst inquiries on various financial aspects. However, opportunities lie in the positive market outlook globally and the growing demand for FPSOs and support vessels.

Tidewater reports solid Q3 performance, eyes growth opportunities ahead

Tidewater's Q3 performance was strong, with revenue meeting expectations and a focus on enhancing shareholder value. Challenges include softening activity in some regions and higher operating costs. Opportunities lie in improving utilization, increasing free cash flow, and exploring strategic initiatives like M&A.

Tidewater reports strong Q3 performance amidst market uncertainties

Tidewater's Q3 performance was solid, with revenue meeting expectations and strong day rates.
The company faces market uncertainty for 2025 but expects improved margins and flat Q4 revenue.
Challenges include downtime risks in Q4 and deal processes for potential M&A opportunities.
Opportunities lie in increased day rates, positive demand growth, and capital allocation strategies.

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Tidewater, Inc. engages in the provision of offshore marine support and transportation services to the offshore energy industry. The firm offers the towing of, and anchor handling for, mobile offshore drilling units, transporting supplies and personnel necessary to sustain drilling, work over and production activities, offshore construction and seismic and subsea support, geotechnical survey for wind farm construction, and a variety of specialized services such as pipe and cable laying. It operates through the following geographical segments: Americas, Asia Pacific, Middle East, Europe and Mediterranean, and West Africa. The company was founded in 1955 and is headquartered in Houston, TX.

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Tidewater reported much better-than-expected second quarter results and provided a decent industry outlook. While top and bottom line numbers came in well above consensus estimates, cash flows remained under pressure from vessel reactivations and increased working capital requirements.

Tidewater: Very Strong Industry Outlook Increases Odds For Dividend Reinstatement - Buy

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Tidewater Inc. (NYSE:TDW ) Q2 2022 Earnings Conference Call August 5, 2022 9:00 AM ET Company Participants West Gotcher - Vice President of Finance and Investor Relations Quintin Kneen - President & Chief Executive Officer Piers Middleton - Vice President of Sales & Marketing Sam Rubio - Chief Financial Officer Conference Call Participants Hans Lund - Clarksons Patrick Fitzgerald - Baird Operator Good morning. My name is Chantel and I'll be your conference operator today.

Tidewater Inc. (TDW) CEO Quintin Kneen on Q2 2022 Results - Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE:TDW) announced today revenue for the three and six months ended June 30, 2022 of $163.4 million and $269.2 million, respectively, compared with $90.0 million and $173.5 million, respectively, for the three and six months ended June 30, 2021. Tidewater's net losses for the three and six months ended June 30, 2022, were $25.6 million ($0.61 per common share) and $37.7 million ($0.91 per common share), respectively, compared with $29.5 million ($0.72

Tidewater Reports Results for the Three and Six Months Ended June 30, 2022

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Tidewater, Inc. is an attractive investment with its impressive revenue and margin expansion. It generates enough income to sustain its expansion and cover its borrowings.

Tidewater: Reemerging And Sailing With Sustainability

Anything energy-related has seemed to work this year. Tidewater shares beat both the oil services ETF, energy sector fund, and the broad stock market thus far in 2022.

Tidewater Rises To The Top In 2022, Momentum Looks Solid

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (“Tidewater” or the “Company”), a leading owner and operator of offshore support vessels providing offshore energy transportation services worldwide, today announced the publication of the Company's 2021 Sustainability Report. This report is Tidewater's second annual comprehensive and stand-alone sustainability report. The report presents the environmental, social, and governance (ESG) performance of Tidewater, along with its management appro

Tidewater Announces Publication of 2021 Sustainability Report

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Tidewater Inc. (NYSE:TDW ) Q1 2022 Earnings Conference Call May 10, 2022 9:00 AM ET Company Participants West Gotcher – Vice President of Finance and Investor Relations Quintin Kneen – President and Chief Executive Officer Piers Middleton – Vice President of Sales and Marketing Sam Rubio – Chief Financial Officer Conference Call Participants Patrick Fitzgerald – Baird Operator Good morning. My name is Audra, and I will be your conference operator today.

Tidewater's (TDW) CEO Quintin Kneen on Q1 2022 Results - Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE:TDW) announced today revenue for the three months ended March 31, 2022 of $105.7 million compared with $83.5 million for the three months ended March 31, 2021. Tidewater's net losses for the three months ended March 31, 2022, were $12.2 million ($0.29 per common share) compared with $35.3 million ($0.87 per common share) for the three months ended March 31, 2021. Included in the net losses for the three months ended March 31, 2022 were long-lived a

Tidewater Reports Results for the Three Months Ended March 31, 2022

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (the “Company”) today announced the completion of its acquisition of Swire Pacific Offshore Holdings Limited (“SPO”), a subsidiary of Swire Pacific Limited (HKSE: 0019.HK and 0087.HK), effective April 22, 2022. The completion of the SPO acquisition adds 50 vessels to the fleet and creates the world's leading OSV operator. Quintin Kneen, Tidewater's President and Chief Executive Officer, commented, “We are pleased to announce the closing of th

Tidewater Announces Completion of Swire Pacific Offshore Acquisition

Company reports better-than-expected fourth quarter results and announces the acquisition of competitor Swire Pacific Offshore for total consideration of $190 million.

Tidewater: The Tide Is Turning - Buy

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE:TDW) announced today revenue for the three and twelve months ending December 31, 2021, of $105.2 million and $371.0 million, respectively, compared with $91.9 million and $397.0 million, respectively, for the three and twelve months ending December 31, 2020. Tidewater's net losses for the three and twelve months ending December 31, 2021, were $37.9 million ($0.92 per share) and $129.0 million ($3.14 per share), respectively, compared with $29.2 mil

Tidewater Reports Results for the Three and Twelve Months Ending December 31, 2021

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (the “Company”) today announced a definitive agreement to acquire all of the outstanding shares of Swire Pacific Offshore Holdings Limited (“SPO”), a subsidiary of Swire Pacific Limited (HKSE: 0019.HK and 0087.HK), for approximately $190 million (the “Transaction”). Strategic Rationale Creates industry's largest fleet of OSVs: SPO's fleet of 50 OSVs consists of 29 AHTS vessels and 21 PSVs; pro forma for the Transaction, Tidewater will own a f

Tidewater Announces the Acquisition of Swire Pacific Offshore, Creating World's Leading OSV Operator

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HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (“Tidewater” or the “Company”) announced today the appointment of Melissa Cougle to its Board of Directors, effective immediately. Mrs. Cougle is a recognized business leader with extensive experience in the oil and gas industry. “I'm honored to have the opportunity to join Tidewater's Board, and I look forward to helping guide the company's strategy as it positions itself to grow in a recovering offshore oil and gas market," said Mrs. Cougle

Tidewater Inc. Appoints Melissa Cougle to Its Board of Directors

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (the “Company”) today announced that its Board of Directors has amended its previously adopted Tax Benefits Preservation Plan (the "Plan") to accelerate the termination of the Plan to December 15, 2021. The Plan, previously scheduled to expire on April 13, 2023, was designed to protect the Company's existing net operating loss carryforwards and foreign tax credits, by deterring an acquisition of the Company's stock in-excess of a threshold am

Tidewater Announces Termination of Tax Benefits Preservation Plan

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (the “Company”) today announced that it has closed the Company's offering of USD $175 million aggregate principal amount of 8.5% senior secured bonds due 2026. An application will be made for the bonds to be listed on the Nordic ABM within six months of the issue date for the bonds. The Company used the net proceeds from the bond issue towards the refinancing of the Company's outstanding debt and for general corporate purposes. The bonds were

Tidewater Announces Closing of USD $175 Million Senior Secured Bond Issue

Tidewater Inc. (TDW) CEO Quintin Kneen on Q3 2021 Results - Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE:TDW) announced today revenue for the three and nine months ended September 30, 2021 of $92.4 million and $265.9 million, respectively, compared with $86.5 million and $305.2 million, respectively, for the three and nine months ended September 30, 2020. Tidewater's net losses for the three and nine months ended September 30, 2021, were $26.3 million ($0.64 per common share) and $91.0 million ($2.22 per common share), respectively, compared with $37.

Tidewater Reports Results for the Three and Nine Months Ended September 30, 2021

News for Tidewater Stock (TDW)