Earnings ·
Tidewater Inc. reported financial results for the quarter and six months ended June 30, 2026
TDWTidewater Inc
Tidewater Inc. reported financial results for the quarter and six months ended June 30, 2026. Revenue was $342.3 million for Q2, a 4.9% increase from Q1, with net income of $21.7 million ($0.43 per diluted share). Adjusted EBITDA reached $133.8 million, and free cash flow was $64.4 million. The company updated its full-year 2026 revenue guidance to $1.42–$1.47 billion and gross margin guidance to 49%–50%, reflecting a delayed closing of the Wilson Sons Ultratug Offshore acquisition expected around September 1, 2026. An outstanding share repurchase program authorization remains at $500 million. Tidewater owns and operates the largest fleet of offshore support vessels in the industry.