TDW

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Tidewater (TDW) is set to present at the Louisiana Energy Conference 2026 in New Orleans on May 26, just weeks after Q1 results that combined a revenue beat with weaker earnings and EBITDA. See our latest analysis for Tidewater. Tidewater's share price has pulled back recently, with a 30 day share price return of 15.13% and a 90 day return of 14.95%. However, the year to date share price return of 42.75% and 1 year total shareholder return of 85.20% point to strong longer term momentum, as the market digests the earnings miss and looks ahead to management’s commentary at the Louisiana Energy Conference. If this kind of volatility has you looking across the energy supply chain, it could be a good time to scan for other infrastructure exposed opportunities through our 33 power grid technology and infrastructure stocks With Tidewater trading at $74.56, a reported intrinsic discount of 72.02% and a 16.11% gap to the average analyst price target, you have to ask: is there real value here, or is the market already pricing in future growth? Compared with Tidewater's last close at $74.56, the most followed narrative points to a fair value of $82.29, framing the stock as modestly undervalued and leaning on a detailed earnings and cash flow roadmap. Read the complete narrative. Curious what earnings path, revenue build, and future P/E the narrative needs to reach that fair value? The projected mix of growth, margins, and required multiple is more complex than a simple top line story. Result: Fair Value of $82.29 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, the story could change quickly if offshore demand remains soft for a longer period or if acquisitions fail to deliver the earnings power analysts are building into their models. Find out about the key risks to this Tidewater narrative. With sentiment clearly split between risks and rewards, it makes sense to move quickly, review the underlying data, and decide where you stand. To see how investors are weighing both sides, start with the 4 key rewards and 1 important warning sign Do not stop with one stock when the wider market might offer a better fit for your goals. Let data driven shortlists point you toward fresh opportunities. Target de...

As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at mixed or offshore upstream e&p stocks, starting with Tidewater (NYSE:TDW). This category includes smaller or niche E&P companies operating in specialized basins, geographies, or resource types outside major classifications. These firms may target unconventional resources, frontier regions, or specific commodity niches. Tailwinds include potential for outsized returns from successful exploration, acquisition opportunities during industry downturns, and specialized expertise commanding premium valuations. Headwinds include higher operational and geological risks, limited scale reducing negotiating power and cost efficiencies, and constrained capital market access during challenging commodity environments. Regulatory risks and ESG concerns may disproportionately affect smaller operators with fewer resources for compliance. The 21 mixed or offshore upstream e&p stocks we track reported a satisfactory Q1. As a group, revenues missed analysts’ consensus estimates by 0.8%. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 6.6% since the latest earnings results. Operating one of the world's largest fleets with over 200 vessels spanning 30 countries, Tidewater (NYSE:TDW) operates offshore service vessels that transport supplies, equipment, and workers to oil rigs and platforms. Tidewater reported revenues of $326.2 million, down 2.2% year on year. This print exceeded analysts’ expectations by 1.2%. Despite the top-line beat, it was still a slower quarter for the company with a significant miss of analysts’ EPS and EBITDA estimates. Unsurprisingly, the stock is down 15.6% since reporting and currently trades at $73.49. Is now the time to buy Tidewater? Access our full analysis of the earnings results here, it’s free. Operating in water depths reaching 12,000 feet below the surface, Seadrill (NYSE:SDRL) owns and operates drillships and semi-submersible rigs that drill oil and gas wells in deepwater offshore locations. Seadrill reported revenues of $358 million, up 6.9% year on year, outperforming analysts’ expectations by 7.2%. The business had an incredible quarter with a beat of analysts’ EPS and EBITDA estimates. Although it had a fine quarter compared to its p...

(TSX: TWM) CALGARY, AB, May 26, 2026 /CNW/ - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX: TWM) is pleased to announce the voting results from our annual general and special meeting of holders of common shares ("Shares") of the Corporation held virtually on May 26, 2026 (the "Meeting"). A total of 10,229,390 Shares representing 46.918% percent of the outstanding Shares were voted in connection with the Meeting. The holders of Shares: (i) fixed the number of directors of the Corporation to be elected at the Meeting at six; (ii) elected Thomas Dea, Jeremy Baines, Margaret A. (Greta) Raymond, ‎Michael J. Salamon, Neil McCarron and David Smith‎ as directors of the Corporation; (iii) re-appointed Deloitte LLP as Tidewater's auditors; (iv) approved the unallocated stock options under the amended and restated stock option plan of the Corporation; and (v) passed the non-binding advisory vote on the Corporation's approach to executive compensation. The detailed results of the vote for the election of directors held at the Meeting are set out below: Further disclosure on the matters approved at the Meeting can be found in the Management Information Circular dated April 6, 2026 and the Report of Voting Results for the Meeting on SEDAR+. About Tidewater Tidewater is traded on the TSX under the symbol "TWM". Tidewater's business objective is to build a diversified midstream and infrastructure company in the North American gas processing, natural gas liquids ("NGL"), petroleum refining, and renewables markets. The Corporation's strategy is to profitably grow and create shareholder value through the acquisition, development and operation of strategically located conventional and renewable energy infrastructure. To achieve its business objective, Tidewater is focused on providing customers with a full service, vertically integrated value chain through the acquisition and development of energy infrastructure, including downstream facilities, natural gas processing facilities, natural gas liquids infrastructure, pipelines, storage, and various renewable initiatives. To complement its infrastructure asset base, the Corporation also markets crude oil, refined products, natural gas, NGLs and renewable products and services to customers across North America. Tidewater's downstream assets supply refined products to a niche market and provide...

(TSX: LCFS) CALGARY, AB, May 26, 2026 /CNW/ - Tidewater Renewables Ltd. ("Tidewater" or the "Corporation") (TSX: LCFS) is pleased to announce the voting results from our annual general meeting of holders of common shares ("Shares") of the Corporation held virtually on May 26, 2026 (the "Meeting"). A total of 27,016,177 Shares representing 74.043% of the outstanding Shares were voted in connection with the Meeting. The holders of Shares: (i) fixed the number of directors of the Corporation to be elected at the Meeting at four; (ii) elected Thomas Dea, Jeremy Baines, Jeffrey Hamilton and Todd Moser‎ as directors of the Corporation; (iii) re-appointed Deloitte LLP as Tidewater's auditors; and (iv) passed the non-binding advisory vote on the Corporation's approach to executive compensation. The detailed results of the vote for the election of directors held at the Meeting are set out below: Further disclosure on the matters approved at the Meeting can be found in the Management Information Circular dated April 6, 2026 and the Report of Voting Results for the Meeting on SEDAR+. About Tidewater Tidewater is traded on the TSX under the symbol "LCFS". The Corporation is focused on the production of low carbon fuels, primarily renewable diesel. The Corporation was created in response to the growing demand for renewable fuels in North America and to capitalize on its potential to efficiently turn a wide variety of renewable feedstocks (such as canola oil, tallow, used cooking oil, distillers corn oil, soybean oil, and other biomasses) into low carbon fuels. Tidewaters' objective is to become a leading Canadian renewable fuel producer. The Corporation is pursuing this objective through the ownership, development, and operation of clean fuels projects and related infrastructure that utilize existing proven technologies. Additional information relating to Tidewater is available on SEDAR+ at www.sedarplus.ca and at www.tidewater-renewables.com. View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2026/26/c0116.html

Tidewater’s first quarter was met with a negative market reaction, with results reflecting lower profitability despite revenues coming in above Wall Street’s expectations. Management attributed the year-on-year revenue decline to increased dry-dock days and region-specific operational challenges, especially in the Middle East and Americas. CEO Quintin V. Kneen pointed to “higher utilization and stronger day rates” as partial offsets but acknowledged that cost pressures, particularly in crew wages and insurance, weighed on margins. The company cited the impact of Operation Epic Fury, which led to incremental hazard pay and insurance costs, as a notable factor this quarter. Is now the time to buy TDW? Find out in our full research report (it’s free). Revenue: $326.2 million vs analyst estimates of $322.4 million (2.2% year-on-year decline, 1.2% beat) Adjusted EPS: $0.13 vs analyst expectations of $0.70 (81.5% miss) Adjusted EBITDA: $124.4 million vs analyst estimates of $127.6 million (38.1% margin, 2.5% miss) Operating Margin: 18.1%, down from 22.5% in the same quarter last year Market Capitalization: $4.04 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Ben Summers (BTIG) asked about the tightness in the anchor handler market, especially in the North Sea. COO Piers Middleton explained this is a regional trend driven by consolidation and spot market activity, with potential for a global trickle-down effect as demand rises. Ben Summers (BTIG) also questioned the impact of long-term energy security concerns on specific regions. CEO Quintin V. Kneen and Middleton identified Asia—particularly Indonesia and Malaysia—as poised for robust growth due to increased investment and government focus following recent geopolitical events. Josh Jain (Daniel Energy Partners) inquired about dry-dock scheduling and if planned maintenance could be moved forward to support future growth. Middleton responded that Tidewater’s five-year dry-dock schedule is well-structured, and major shifts are unlikely barring project-specific adjustments. Josh Jain (Daniel Energy Partners) asked if industry consolidation, such as the Helix-Hornbec...

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Tidewater (NYSE:TDW) announced a $500 million agreement to acquire Wilson Sons Ultratug Offshore. The deal expands Tidewater's offshore vessel presence in Brazil's oil and gas sector. The transaction signals continued interest in mergers and acquisitions as a growth lever. Tidewater comes into this deal with shares at $77.86 and very large 5 year gains, alongside a 49.1% return year to date and an 89.3% return over the past year. Those stronger multi year returns sit next to a 9.7% decline over the past 30 days and a 12.8% decline over the past week, which may influence how investors weigh fresh corporate moves like this acquisition. For readers tracking NYSE:TDW, the Wilson Sons Ultratug Offshore purchase highlights a clear preference for adding scale rather than relying only on organic growth. How well Tidewater integrates the acquired assets and manages Brazil specific risks could shape views on the stock's longer term positioning in the offshore services sector. Stay updated on the most important news stories for Tidewater by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Tidewater. 📰 Beyond the headline: 1 risk and 3 things going right for Tidewater that every investor should see. The Wilson Sons Ultratug Offshore deal lands just after a soft Q1 2026 earnings print, where Tidewater reported revenue of US$326.22 million compared with US$333.44 million a year earlier and net income of US$6.14 million against US$42.65 million. Earnings per share from continuing operations came in at US$0.12, below the prior US$0.83, as higher operating costs, dry-dock days and conflict related expenses pressured margins. Against that backdrop, committing US$500 million to expand in Brazil signals that management is leaning into scale and regional depth even while near term profitability is under strain. The transaction aligns with reiterated 2026 revenue guidance of US$1.43b to US$1.48b, but it also raises the bar for execution, particularly on integration, vessel utilization and cost control in a country that can be operationally complex. For you as an investor, the key question is whether the enlarged fleet can support Tidewater’s revenue targets and eventually lift mar...

First quarter revenue of $326.2 million and gross margins of 48.8% exceeded internal expectations, driven by higher day rates and superior operational uptime with fewer-than-expected dry-dock days. Management attributes the sequential step-down in free cash flow to $34 million to seasonal working capital cycles and a heavy dry-dock schedule typical for the first quarter. The company is successfully re-establishing its presence in Brazil through the $500 million acquisition of Wilson Sons Ultratug Offshore, which adds 22 high-specification PSVs to the platform. Operation Epic Fury in the Middle East has resulted in approximately $10 million to $11 million in incremental quarterly operating costs, primarily from hazard pay, insurance, and fuel. Strategic positioning is focused on high-specification PSVs and anchor handlers, which management identifies as the most in-demand vessel classes in a tightening global market. The global OSV fleet remains essentially flat, creating a supply-demand imbalance that management believes supports day-rate increases of $3,000 to $4,000 per day annually. Geopolitical conflicts have reinforced a structural shift toward sovereign energy independence, which management expects will provide a higher floor for oil prices and support long-term offshore project demand. Full-year 2026 revenue guidance for the legacy Tidewater Inc. fleet remains unchanged, assuming the Wilson acquisition closes by the end of the second quarter. Management anticipates the OSV market will tighten significantly in late 2026 and through 2028, leading to meaningful improvements in earnings and cash flow generation. Second-quarter gross margins are expected to decline by approximately 5 percentage points due to conflict-related costs, though the company is seeking to rebill about half of these expenses to customers. Capital allocation will continue to weigh the relative merits of M&A versus share repurchases, with a preference for using cash on hand to fund the equity portion of the Wilson transaction. The company expects a significant pickup in activity from Q3 2026 onwards in Africa, led by renewed drilling and EPCI projects in Nigeria, Namibia, and Angola. Operation Epic Fury poses a continued risk of elevated operating costs; however, management notes that no material contract cancellations have occurred due to the conflict. Net leverage is expected to re...

Image source: The Motley Fool. Tuesday, May 5, 2026 at 9 a.m. ET President & Chief Executive Officer — Quintin V. Kneen Chief Financial Officer — Samuel R. Rubio Chief Operating Officer — Piers Middleton Senior Vice President, General Counsel & Secretary — West Gotcher West Gotcher: Thank you, Mel. Good morning, everyone, and welcome to Tidewater Inc.’s First Quarter 2026 Earnings Conference Call. I am joined on the call this morning by our President and CEO, Quintin V. Kneen; our Chief Financial Officer, Samuel R. Rubio; and our Chief Operating Officer, Piers Middleton. During today’s call, we will make certain statements that are forward-looking and refer to our plans and expectations. There are risks, uncertainties, and other factors that may cause the company’s actual performance to be materially different from that stated or implied by any comments that we are making during today’s conference call. Please refer to our most recent Form 10-Ks and Form 10-Q for additional details on these factors. These documents are available on our website at tdw.com or through the SEC at sec.gov. Information presented on this call speaks only as of today, 05/05/2026. Therefore, you are advised that any time-sensitive information may no longer be accurate at the time of any replay. Also during the call, we will present both GAAP and non-GAAP financial measures. Reconciliations of GAAP to non-GAAP financial measures can be found in our earnings release, located on our website at tdw.com. I will now turn the call over to Quintin. Quintin V. Kneen: Thank you, West. Good morning, and welcome to Tidewater Inc.’s First Quarter 2026 Earnings Conference Call. I will start the call today with the quarter’s highlights and then talk about capital allocation and what we are seeing on vessel supply and demand. West will walk through our financial outlook and what we are thinking about for 2026 guidance. Piers will cover the global market and operations, and Sam will close with the consolidated financial results. Each of us will touch on the impact from Operation Epic Fury. Starting with the first quarter, revenue and gross margin were both ahead of what we expected. Revenue was $326.2 million, driven mainly by higher utilization and stronger day rates. Gross margin was just under 49%, up slightly quarter over quarter and over three percentage points above our internal plan. Utilizati...

Tidewater (TDW) came out with quarterly earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.83 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -84.00%. A quarter ago, it was expected that this offshore energy services provider would post earnings of $0.65 per share when it actually produced earnings of $0.33, delivering a surprise of -49.23%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Tidewater, which belongs to the Zacks Oil and Gas - Integrated - United States industry, posted revenues of $326.22 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 2%. This compares to year-ago revenues of $333.44 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Tidewater shares have added about 73.9% since the beginning of the year versus the S&P 500's gain of 5.6%. While Tidewater has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Tidewater was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zack...

Image source: The Motley Fool. Nov. 11, 2025 President and Chief Executive Officer — Quintin Kneen Executive Vice President and Chief Financial Officer — West Gotcher Executive Vice President, Chief Commercial Officer — Piers Middleton Executive Vice President and Chief Accounting Officer — Samuel Rubio Quintin Kneen: Thank you, West. Good morning, everyone, and welcome to the Tidewater Third Quarter 2025 Earnings Conference Call. I'll start as usual by providing some highlights of the third quarter, updating you on our current view on capital allocation and then discussing the offshore vessel market and our outlook on vessel supply and demand. West will then provide some additional detail on our financial outlook and give you our 2026 guidance. Piers will give you an overview of the global market and global operations, and then Sam will wrap it up with our consolidated financial results. Third quarter revenue and gross margin nicely exceeded our expectations. Revenue came in at $341.1 million due primarily to a higher-than-expected average day rate and slightly better-than-anticipated utilization. Gross margin came in at 48% for the quarter, about 200 basis points better than our guidance. The primary factor driving the increase in average day rate was the benefit of our fleet rolling on to higher day rate contracts. Additionally, fleet utilization continued to benefit from the substantial drydock and maintenance investment we've made over the past few years, driving meaningful uptime performance compared to our expectations. During the third quarter, we generated $83 million of free cash flow, bringing the first 9 months of 2025 total free cash flow to nearly $275 million. Free cash flow generation we continue to demonstrate alongside balance sheet and liquidity enhancements we completed during the third quarter provides us with a substantial degree of confidence in our ability to deploy a significant amount of capital over time to drive shareholder value. Based on the estimate for 2026 that West is going to cover shortly, absent any cash used in M&A or share repurchases, we will be ending 2026 with close to $800 million in cash, which, while we like the pace of cash flow generation, we would find unacceptable from an allocation of capital perspective. We currently retain our $500 million share repurchase authorization, representing approximately 18% of sh...

Diamondback Energy gave positive guidance late Monday after beating earnings estimates for the first quarter. The oil stock fell Tuesday after hitting a new high. Tidewater and Transocean gave mixed reports.

Tidewater Inc (TDW) reported Monday Q1 earnings of $0.12 per diluted share, down from $0.83 a year e