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Energy - Oil & Gas Equipment & Services - NYSE - US
$ 50.73
-4.62 %
$ 2.65 B
Market Cap
14.88
P/E
1. INTRINSIC VALUE

Tidewater Inc., together with its subsidiaries, provides offshore marine support and transportation services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore oil and natural gas exploration, field development, and production, as well as windfarm development and maintenance, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, and seismic and subsea support; geotechnical survey support for windfarm construction; and various specialized services, such as pipe and cable laying. The company operates and charters deepwater vessels, including platform supply and horsepower anchor handling tug supply vessels for use in transporting supplies and equipment from shore bases to deepwater and intermediate water depth offshore drilling rigs and production platforms; towing-supply vessels for use in intermediate and shallow waters; and crew boats, utility vessels, and offshore tugs to transport personnel and supplies from shore bases to offshore drilling rigs, platforms, and other installations.[ Read More ]

The intrinsic value of one TDW stock under the base case scenario is HIDDEN Compared to the current market price of 50.7 USD, Tidewater Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart TDW

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FINANCIALS
1.01 B REVENUE
55.94%
175 M OPERATING INCOME
553.75%
97.2 M NET INCOME
537.91%
105 M OPERATING CASH FLOW
160.29%
-610 M INVESTING CASH FLOW
-2463.20%
616 M FINANCING CASH FLOW
22764.06%
340 M REVENUE
0.33%
69.9 M OPERATING INCOME
-8.12%
46 M NET INCOME
-8.66%
49.1 M OPERATING CASH FLOW
-37.52%
-4.16 M INVESTING CASH FLOW
-24.55%
-76.3 M FINANCING CASH FLOW
-75.57%
Balance Sheet Decomposition Tidewater Inc.
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Current Assets 591 M
Cash & Short-Term Investments 274 M
Receivables 268 M
Other Current Assets 48.3 M
Non-Current Assets 1.47 B
Long-Term Investments 0
PP&E 1.32 B
Other Non-Current Assets 149 M
Current Liabilities 329 M
Accounts Payable 44.9 M
Short-Term Debt 103 M
Other Current Liabilities 181 M
Non-Current Liabilities 696 M
Long-Term Debt 637 M
Other Non-Current Liabilities 59.7 M
EFFICIENCY
Earnings Waterfall Tidewater Inc.
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Revenue 1.01 B
Cost Of Revenue 741 M
Gross Profit 269 M
Operating Expenses 94.2 M
Operating Income 175 M
Other Expenses 77.4 M
Net Income 97.2 M
RATIOS
26.61% GROSS MARGIN
26.61%
17.29% OPERATING MARGIN
17.29%
9.62% NET MARGIN
9.62%
9.35% ROE
9.35%
4.71% ROA
4.71%
6.78% ROIC
6.78%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Tidewater Inc.
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Net Income 97.2 M
Depreciation & Amortization 180 M
Capital Expenditures -31.6 M
Stock-Based Compensation 10.8 M
Change in Working Capital -172 M
Others -192 M
Free Cash Flow 73.1 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Tidewater Inc.
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Wall Street analysts predict an average 1-year price target for TDW of $110 , with forecasts ranging from a low of $90 to a high of $138 .
TDW Lowest Price Target Wall Street Target
90 USD 77.41%
TDW Average Price Target Wall Street Target
110 USD 116.83%
TDW Highest Price Target Wall Street Target
138 USD 172.03%
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0.01 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Tidewater Inc.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
83.6 M USD 5
6-9 MONTHS
79.6 M USD 5
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
5 months ago
Jun 11, 2024
Sell 17.2 M USD
Kneen Quintin
DIRECTOR, PRESIDENT & CEO
- 166000
103.756 USD
5 months ago
Jun 12, 2024
Sell 21.3 M USD
Kneen Quintin
DIRECTOR, PRESIDENT & CEO
- 201094
105.865 USD
5 months ago
Jun 12, 2024
Sell 2.13 M USD
Traub Kenneth
Director
- 20000
106.3803 USD
5 months ago
Jun 10, 2024
Sell 521 K USD
RASPINO LOUIS
Director
- 5000
104.19 USD
5 months ago
Jun 10, 2024
Sell 2.15 M USD
RASPINO LOUIS
Director
- 20666
104.1891 USD
5 months ago
May 22, 2024
Sell 179 K USD
Anderson Darron M.
Director
- 1750
102.105 USD
5 months ago
May 24, 2024
Sell 104 K USD
Anderson Darron M.
Director
- 1000
103.888 USD
5 months ago
May 20, 2024
Sell 7.31 M USD
ROBOTTI ROBERT
Director
- 68149
107.2253 USD
5 months ago
May 20, 2024
Sell 198 K USD
ROBOTTI ROBERT
Director
- 1851
107.2253 USD
5 months ago
May 21, 2024
Sell 8.61 M USD
ROBOTTI ROBERT
Director
- 80218
107.2779 USD
5 months ago
May 21, 2024
Sell 4.6 M USD
ROBOTTI ROBERT
Director
- 42842
107.2779 USD
6 months ago
May 15, 2024
Sell 11.1 M USD
ROBOTTI ROBERT
Director
- 103264
107.6208 USD
6 months ago
May 15, 2024
Sell 7.18 M USD
ROBOTTI ROBERT
Director
- 66736
107.6208 USD
6 months ago
May 16, 2024
Sell 8 M USD
ROBOTTI ROBERT
Director
- 74986
106.7531 USD
6 months ago
May 16, 2024
Sell 5.17 M USD
ROBOTTI ROBERT
Director
- 48461
106.7531 USD
6 months ago
May 17, 2024
Sell 3.75 M USD
ROBOTTI ROBERT
Director
- 35531
105.44 USD
6 months ago
May 17, 2024
Sell 2.42 M USD
ROBOTTI ROBERT
Director
- 22962
105.44 USD
6 months ago
May 08, 2024
Sell 161 K USD
ROBOTTI ROBERT
Director
- 1494
107.5259 USD
6 months ago
May 09, 2024
Sell 10.1 M USD
ROBOTTI ROBERT
Director
- 94152
107.2071 USD
6 months ago
May 09, 2024
Sell 6.52 M USD
ROBOTTI ROBERT
Director
- 60848
107.2071 USD
6 months ago
May 08, 2024
Sell 161 K USD
ROBOTTI ROBERT
Director
- 1494
107.5259 USD
6 months ago
May 09, 2024
Sell 10.1 M USD
ROBOTTI ROBERT
Director
- 94152
107.2071 USD
6 months ago
May 09, 2024
Sell 6.52 M USD
ROBOTTI ROBERT
Director
- 60848
107.2071 USD
6 months ago
May 09, 2024
Sell 2.18 M USD
Hudson Daniel A.
EVP & GENERAL COUNSEL
- 20000
109 USD
6 months ago
May 08, 2024
Sell 2.62 M USD
Rubio Samuel R
EVP, CFO & CAO
- 24396
107.385 USD
6 months ago
May 08, 2024
Sell 125 K USD
Rubio Samuel R
EVP, CFO & CAO
- 1254
100 USD
6 months ago
May 07, 2024
Sell 16.4 M USD
Kneen Quintin
DIRECTOR, PRESIDENT & CEO
- 150000
109.009 USD
6 months ago
May 07, 2024
Sell 2.74 M USD
Darling David E
EVP, COO & CHIEF HR OFFICER
- 25127
109.009 USD
8 months ago
Mar 05, 2024
Sell 656 K USD
Hudson Daniel A.
EVP & GENERAL COUNSEL
- 8000
82 USD
8 months ago
Mar 05, 2024
Sell 1.46 M USD
Darling David E
EVP, COO & CHIEF HR OFFICER
- 17821
82.08 USD
8 months ago
Mar 05, 2024
Sell 1.6 M USD
Rubio Samuel R
EVP, CFO & CAO
- 19641
81.36 USD
1 year ago
Sep 07, 2023
Bought 100 K USD
ROBOTTI ROBERT
Director
+ 1486
67.317 USD
1 year ago
Sep 05, 2023
Sell 17.1 K USD
Darling David E
EVP, COO
- 250
68.41 USD
1 year ago
Sep 06, 2023
Sell 1.3 M USD
Darling David E
EVP, COO
- 19250
67.45 USD
1 year ago
Aug 14, 2023
Sell 1.36 M USD
Rubio Samuel R
EVP, CFO & CAO
- 21788
62.37 USD
1 year ago
Aug 10, 2023
Bought 3.04 M USD
ROBOTTI ROBERT
Director
+ 48200
62.9968 USD
1 year ago
Jul 31, 2023
Bought 7.33 M USD
ROBOTTI ROBERT
Director
+ 117698
62.28 USD
1 year ago
Jul 25, 2023
Bought 64.8 K USD
ROBOTTI ROBERT
Director
+ 1135
57.06 USD
1 year ago
Jul 25, 2023
Bought 64.8 K USD
ROBOTTI ROBERT
Director
+ 1135
57.06 USD
1 year ago
Jul 24, 2023
Bought 64.8 K USD
ROBOTTI ROBERT
Director
+ 1135
57.06 USD
1 year ago
Mar 17, 2023
Bought 1.07 M USD
ROBOTTI ROBERT
Director
+ 27000
39.6424 USD
1 year ago
Nov 28, 2022
Bought 642 K USD
ROBOTTI ROBERT
Director
+ 21636
29.6708 USD
1 year ago
Nov 28, 2022
Sell 4.31 K USD
ROBOTTI ROBERT
Director
- 148
29.1 USD
1 year ago
Nov 25, 2022
Bought 768 K USD
ROBOTTI ROBERT
Director
+ 25300
30.3434 USD
1 year ago
Nov 23, 2022
Bought 593 K USD
ROBOTTI ROBERT
Director
+ 19713
30.0967 USD
1 year ago
Nov 28, 2022
Bought 638 K USD
ROBOTTI ROBERT
Director
+ 21488
29.6708 USD
1 year ago
Nov 25, 2022
Bought 768 K USD
ROBOTTI ROBERT
Director
+ 25300
30.3434 USD
1 year ago
Nov 23, 2022
Bought 593 K USD
ROBOTTI ROBERT
Director
+ 19713
30.0967 USD
2 years ago
Nov 08, 2022
Bought 3.36 M USD
ROBOTTI ROBERT
Director
+ 111000
30.25 USD
2 years ago
Nov 08, 2022
Bought 5.72 M USD
ROBOTTI ROBERT
Director
+ 189000
30.25 USD
2 years ago
Aug 10, 2022
Bought 3.73 M USD
ROBOTTI ROBERT
Director
+ 208858
17.85 USD
2 years ago
Aug 10, 2022
Bought 6.27 M USD
ROBOTTI ROBERT
Director
+ 351366
17.85 USD
2 years ago
Aug 09, 2022
Bought 6.27 M USD
ROBOTTI ROBERT
director:
+ 351366
17.85 USD
2 years ago
May 19, 2022
Sell 647 K USD
Darling David E
EVP, COO & Chief HR Officer
- 25000
25.87 USD
2 years ago
May 12, 2022
Bought 1.49 M USD
ROBOTTI ROBERT
director:
+ 60000
24.8204 USD
2 years ago
May 13, 2022
Bought 956 K USD
ROBOTTI ROBERT
Director
+ 45241
21.14 USD
2 years ago
May 12, 2022
Bought 706 K USD
ROBOTTI ROBERT
Director
+ 34872
20.2333 USD
3 years ago
Nov 16, 2021
Bought 217 K USD
ROBOTTI ROBERT
Director
+ 18000
12.0551 USD
3 years ago
Nov 15, 2021
Bought 78.6 K USD
ROBOTTI ROBERT
Director
+ 6500
12.0997 USD
3 years ago
Nov 12, 2021
Bought 181 K USD
ROBOTTI ROBERT
Director
+ 15500
11.6759 USD
2 years ago
Nov 30, 2021
Bought 524 K USD
ROBOTTI ROBERT
Director
+ 50000
10.4801 USD
3 years ago
Nov 16, 2021
Bought 20.3 K USD
TRAUB KENNETH H
Director
+ 1700
11.938 USD
3 years ago
Nov 15, 2021
Bought 66.8 K USD
TRAUB KENNETH H
Director
+ 5682
11.758 USD
4 years ago
Mar 13, 2020
Bought 32.4 K USD
TRAUB KENNETH H
Director
+ 5000
6.4779 USD
4 years ago
Mar 13, 2020
Bought 64.1 K USD
Rigdon Larry T
Director
+ 10000
6.4052 USD
4 years ago
Mar 13, 2020
Bought 16.7 K USD
Rigdon Larry T
Director
+ 2680
6.231 USD
4 years ago
Mar 13, 2020
Bought 45.9 K USD
Rigdon Larry T
Director
+ 7320
6.2769 USD
4 years ago
Dec 11, 2019
Sell 2.07 K USD
Rubio Samuel R
VP, CAO, & Controller
- 127
16.26 USD
5 years ago
Nov 14, 2019
Bought 70 K USD
Tamburrino Robert P.
Director
+ 5000
14 USD
5 years ago
Nov 14, 2019
Bought 288 K USD
Rigdon Larry T
Director
+ 20000
14.4223 USD
5 years ago
Sep 12, 2019
Bought 88.4 K USD
TRAUB KENNETH H
Director
+ 5000
17.67 USD
5 years ago
May 24, 2019
Bought 58.2 K USD
Rynd John T
President and CEO
+ 2500
23.3 USD
5 years ago
May 22, 2019
Bought 62.4 K USD
Day Randee E
Director
+ 2500
24.9494 USD
5 years ago
May 20, 2019
Bought 122 K USD
RASPINO LOUIS
Director
+ 5000
24.4403 USD
5 years ago
May 20, 2019
Bought 107 K USD
FAGERSTAL DICK
Director
+ 4400
24.3003 USD
5 years ago
May 13, 2019
Bought 114 K USD
Tamburrino Robert P.
Director
+ 5000
22.75 USD
5 years ago
May 09, 2019
Bought 116 K USD
TRAUB KENNETH H
Director
+ 5000
23.14 USD
5 years ago
May 09, 2019
Bought 50 K USD
Newman Steven L
Director
+ 2156
23.1691 USD
5 years ago
May 09, 2019
Bought 231 K USD
BATES THOMAS R JR
Director
+ 10000
23.1064 USD
5 years ago
Mar 15, 2019
Sell 90.5 K USD
Rubio Samuel R
VP, CAO, & Controller
- 3876
23.3428 USD
6 years ago
Sep 04, 2018
Sell 526 K USD
Fanning Quinn P
EVP & CFO
- 16423
32 USD
6 years ago
Sep 05, 2018
Sell 6.4 K USD
Fanning Quinn P
EVP & CFO
- 200
32 USD
6 years ago
Aug 21, 2018
Sell 154 K USD
Demarest Craig
Principal Accounting Officer
- 4955
31.115 USD
8 years ago
Dec 01, 2015
Bought 93.6 K USD
BENNETT JOSEPH M
Executive Vice President
+ 10000
9.3637 USD
8 years ago
Nov 30, 2015
Bought 18.4 K USD
DU MOULIN RICHARD T
Director
+ 2000
9.2026 USD
8 years ago
Nov 30, 2015
Bought 73.6 K USD
DU MOULIN RICHARD T
Director
+ 8000
9.2026 USD
9 years ago
Sep 08, 2015
Sell 332 K USD
Fanning Quinn P
Executive Vice President & CFO
- 20110
16.533 USD
9 years ago
Aug 25, 2015
Bought 59 K USD
DU MOULIN RICHARD T
Director
+ 4000
14.7453 USD
9 years ago
Mar 06, 2015
Bought 90.2 K USD
Fanning Quinn P
Executive Vice President & CFO
+ 3500
25.78 USD
9 years ago
Mar 12, 2015
Bought 123 K USD
DU MOULIN RICHARD T
Director
+ 5000
24.69 USD
9 years ago
Dec 16, 2014
Bought 99.6 K USD
Lundstrom Bruce Douglas
EVP & General Counsel
+ 3413
29.1929 USD
9 years ago
Dec 12, 2014
Bought 101 K USD
Fanning Quinn P
Executive Vice President & CFO
+ 3500
28.958 USD
9 years ago
Dec 08, 2014
Bought 148 K USD
Platt Jeffrey
President & CEO
+ 5000
29.6144 USD
9 years ago
Dec 08, 2014
Bought 88.8 K USD
DU MOULIN RICHARD T
Director
+ 3000
29.5877 USD
10 years ago
Nov 06, 2014
Bought 102 K USD
POTTER ROBERT L
Director
+ 2750
37.04 USD
10 years ago
Nov 06, 2014
Bought 111 K USD
DU MOULIN RICHARD T
Director
+ 3000
36.89 USD
10 years ago
Nov 06, 2014
Bought 74.6 K USD
DU MOULIN RICHARD T
Director
+ 2000
37.3 USD
10 years ago
Jun 16, 2014
Sell 65.3 K USD
Demarest Craig
Principal Accounting Officer
- 1188
55 USD
10 years ago
May 21, 2014
Sell 68.3 K USD
Demarest Craig
Principal Accounting Officer
- 1298
52.6 USD
10 years ago
Apr 23, 2014
Sell 57.7 K USD
Demarest Craig
Principal Accounting Officer
- 1154
50 USD
10 years ago
Mar 05, 2014
Sell 25.9 K USD
Demarest Craig
Principal Accounting Officer
- 529
48.94 USD
10 years ago
Mar 05, 2014
Sell 244 K USD
PATTAROZZI RICHARD A
Director
- 5000
48.88 USD
7. News
Tidewater Inc. (TDW) Q3 2024 Earnings Call Transcript Tidewater Inc. (NYSE:TDW ) Q3 2024 Earnings Conference Call November 8, 2024 9:00 AM ET Company Participants West Gotcher - VP, Finance and IR Quintin Kneen - President and CEO Piers Middleton - CCO Samuel Rubio - CFO Conference Call Participants Jim Rollyson - Raymond James David Smith - Pickering Energy Partners Greg Lewis - BTIG Don Crist - Johnson Rice James West - Evercore Fredrik Stene - Clarksons Securities Operator Thank you for standing by. My name is Novi, and I'll be your operator today. seekingalpha.com - 1 week ago
Tidewater (TDW) Beats Q3 Earnings and Revenue Estimates Tidewater (TDW) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.77 per share a year ago. zacks.com - 1 week ago
Tidewater Reports Results for the Three and Nine Months Ended September 30, 2024 HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE:TDW) announced today revenue for the three and nine months ended September 30, 2024 of $340.4 million and $1,000.8 million, respectively, compared with $299.3 million and $707.3 million, respectively, for the three and nine months ended September 30, 2023. Tidewater's net income for the three and nine months ended September 30, 2024, was $46.4 million ($0.87 per common share) and $143.8 million ($2.70 per common share), respectively, compared with. businesswire.com - 1 week ago
Tidewater Announces Earnings Release and Conference Call HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (“Tidewater” or the “Company”) announced today that it will release financial results for the three months ending September 30, 2024, on Thursday, November 7, 2024 after market close. An earnings conference call has been scheduled for Friday, November 8, 2024, at 8:00 a.m. Central Time, during which President and Chief Executive Officer Quintin Kneen will discuss results for the three months ending September 30, 2024. Investors and interested. businesswire.com - 2 weeks ago
Tidewater: Best Shipping Sector Outlook With An Attractive Entry Price The OSV outlook is one of the most interesting in the shipping industry. The order book is nearly zero, and there are only a few laid-up vessels available. After the recent sell-off, Tidewater is trading at interesting price levels. Due to volatile oil prices, next year could face more headwinds than before; however, the long-term outlook is promising. seekingalpha.com - 2 weeks ago
3 Dependable Stocks Ready to Dominate Your Portfolio There are two ways to interpret global events happening right now, from a weakening state in consumer discretionary trends to the geopolitical conflicts taking place in the Middle East. The first and most common is to read about them in the news and never think of them again. marketbeat.com - 1 month ago
U.S. Offshore Support Vessels Market, Forecast to 2029 with Strategic Analysis of Tidewater, Hornbeck Offshore Services, SEACOR Marine Holdings, Edison Chouest Offshore, GulfMark Energy & More Dublin, Sept. 20, 2024 (GLOBE NEWSWIRE) -- The "United States Offshore Support Vessels Market 2019-2029" report has been added to ResearchAndMarkets.com's offering. The United States Offshore Support Vessels Market was valued at USD 4.76 Billion in 2023 and is predicted to experience robust growth in the forecast period with a CAGR of 2.65% through 2029. This market has experienced significant growth due to the increasing offshore drilling activities in the Gulf of Mexico and other strategic offshore regions. Several factors contribute to the robust growth of the U.S. OSV market. Firstly, the resurgence of offshore exploration and production activities, driven by rising oil prices and technological advancements, has bolstered demand for support vessels. These vessels are indispensable for transporting supplies, equipment, and personnel to and from offshore platforms, as well as for performing critical tasks such as anchor handling, towing, and maintenance operations. The ongoing investment in deepwater and ultra-deepwater projects has heightened the need for advanced and high-capacity OSVs. The Gulf of Mexico, in particular, remains a hotspot for offshore drilling, necessitating a steady supply of versatile and reliable support vessels. The development of new offshore fields and the expansion of existing ones further amplify the demand for OSVs, fostering market growth. Technological innovation within the OSV market is another pivotal factor driving its expansion. Modern OSVs are equipped with state-of-the-art technology, including dynamic positioning systems, advanced navigation, and communication systems, which enhance their operational efficiency and safety. The integration of green technologies, such as fuel-efficient engines and emission reduction systems, aligns with the industry's shift towards more sustainable operations, attracting investments and contracts from environmentally conscious oil and gas operators. Moreover, strategic alliances and partnerships among key industry players are propelling market growth. Collaborative efforts between vessel operators, oil and gas companies, and technology providers are leading to the development of more sophisticated and specialized vessels. These partnerships also facilitate the sharing of expertise and resources, optimizing the deployment and utilization of OSVs. globenewswire.com - 1 month ago
Tidewater Utilities Files for Rate Adjustment DOVER, Del., Aug. 30, 2024 (GLOBE NEWSWIRE) -- Tidewater Utilities, Inc. (“Tidewater” or the “Company”), a wholly owned subsidiary of Middlesex Water Company (Nasdaq:MSEX) filed a request today with the Delaware Public Service Commission (PSC) for new rates in order to recover prudently incurred investments made in the last ten years to support continued regulatory compliance, enhance water quality, service reliability, security and resiliency of its water utility infrastructure assets. globenewswire.com - 2 months ago
These offshore oil drillers look like bargain stocks as the industry recovers The energy sector has been the best performer among the 11 sectors of the S&P 500 over the past three years, but investors remain wary of oil and natural-gas producers and the companies that service them. marketwatch.com - 2 months ago
Tidewater: Bullish Momentum Should Continue For This Energy/Shipping Play Tidewater is the largest global OSV operator, making great cash flows in an industry with many tailwinds. It has become a top 5 position for me. Management has the company positioned and operating well and is committed to share buybacks / earnings-accretive strategies. Additionally, hedge funds are net short commodities for the first time since 2016! I think investors looking for unique energy / commodity exposure can accumulate here for upside. I rate TDW as a “Strong Buy” for a short- and long-term inflation play. seekingalpha.com - 2 months ago
Tidewater: Decent Quarter But Lowered Outlook Disappoints Leading offshore service vessel provider Tidewater Inc. reported strong Q2/2024 results, with both top and bottom line results exceeding expectations. Revenues of $339.2 million and Adjusted EBITDA of $139.7 million represented new multi-year highs. The company's average dayrate of $21,130 moved up by 32% year-over-year and 8% sequentially. Despite the company's strong second quarter results, management lowered full-year expectations due to several drilling campaigns having been pushed out from the third into the fourth quarter. seekingalpha.com - 3 months ago
Tidewater Q2 2024 Earnings: Headwinds Are Temporary, But Outlook Remains Robust Management anticipated longer drydock days in Q3 and several project commencements have been pushed to the right, leading to revised guidance. We believe these developments are temporary. The bull thesis remains in play given supportive market fundamentals. Markets underappreciate potential increases in day rates and utilization rates. We revised our fair value estimate on TDW from $125/share to $121/share (-3%), as smaller vessels with lower yields come into play. seekingalpha.com - 3 months ago
8. Profile Summary

Tidewater Inc. TDW

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COUNTRY US
INDUSTRY Oil & Gas Equipment & Services
MARKET CAP $ 2.65 B
Dividend Yield 0.00%
Description Tidewater Inc., together with its subsidiaries, provides offshore marine support and transportation services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore oil and natural gas exploration, field development, and production, as well as windfarm development and maintenance, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, and seismic and subsea support; geotechnical survey support for windfarm construction; and various specialized services, such as pipe and cable laying. The company operates and charters deepwater vessels, including platform supply and horsepower anchor handling tug supply vessels for use in transporting supplies and equipment from shore bases to deepwater and intermediate water depth offshore drilling rigs and production platforms; towing-supply vessels for use in intermediate and shallow waters; and crew boats, utility vessels, and offshore tugs to transport personnel and supplies from shore bases to offshore drilling rigs, platforms, and other installations. It also operates offshore tugs for use in tow floating drilling rigs and barges; and assisting in the docking of tankers, as well as in pipe and cable laying, and construction barges. The company serves oil and natural gas exploration, field development, and production companies; mid-sized and smaller independent exploration and production companies; foreign government-owned or government-controlled organizations, and other related companies; drilling contractors; and other companies, such as offshore construction, windfarm development, diving, and well stimulation companies. As of December 31, 2021, it owned 135 vessels. Tidewater Inc. was incorporated in 1956 and is headquartered in Houston, Texas.
Contact 842 West Sam Houston Parkway North, Houston, TX, 77024 https://www.tdw.com
IPO Date March 17, 1980
Employees 7300
Officers Mr. West Gotcher Vice President of Finance & Investor Relations Mr. David E. Darling Executive Vice President & Chief Operating Officer Mr. Lee R. Johnson Executive Vice President & Chief Information Officer Piers Dayer Middleton Executive Vice President & Chief Commercial Officer Mr. Darren J. Vorst Vice President & Treasurer