Tidewater Q3 revenue rises to $360.4 million; net income $17.5 million
Tidewater reported third-quarter 2026 revenue of $360.4 million, up from $341.1 million a year earlier, and net income attributable to the company of $17.5 million, or $0.35 per diluted share, compared with a loss of $0.8 million a year earlier. The company also initiated 2027 revenue guidance of $1.70 to $1.75 billion and updated its 2026 revenue guidance to $1.43 to $1.44 billion, while closing a $500 million all-cash acquisition of Wilson Sons Ultratug Offshore.
Key points
- Q3 2026 revenue of $360.4 million, up 5.3% from the second quarter of 2026
- Q3 2026 net income of $17.5 million ($0.35 per diluted share), versus a $0.8 million loss a year earlier
- Nine-month 2026 net income of $45.3 million, down from $114.8 million in the first nine months of 2025
- 2027 revenue guidance of $1.70 to $1.75 billion; 2026 revenue guidance updated to $1.43 to $1.44 billion
The filing
Written by AI on Nov 9, 2026, 5:21 PM ET, from this filing only.
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