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TDW

TIDEWATER INC
7 filings tracked
energyoil gas supportMID ($2B-10B)

Company Intelligence Hub

Filing history, signal momentum, and bull/bear evolution

Chronological Filing Evolution (Click to filter / toggle)

Thesis (Bull Case Evolution)

Tidewater is positioning itself as a dominant force in the offshore energy sector, leveraging a robust balance sheet to navigate a structural upcycle.…

Bullish Outlook

Antithesis (Bear Case / Structural Risks)

Beneath the narrative of a 'cash fortress,' Tidewater's quarterly results reveal concerning trends in profitability and cash generation. Net income plummeted 97% year-over-year, and cash flow from operations saw a staggering 76% decline, falling to $19.2 million.…

Risk Factors

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Synthesis (Verdict & Resolution)

Tidewater's latest filing presents a company at a crossroads between aggressive expansion and financial discipline. On one hand, the strategic acquisition of Wilson Sons and the trend of rising day rates suggest a company successfully capturing a cyclical peak. The balance sheet remains strong in absolute terms, providing a buffer against short-term volatility and the means to execute its growth strategy. However, the sharp decline in net income and operating cash flow highlights the high cost of maintaining a global fleet and the burden of its current debt structure. The primary tension for investors lies in whether the increased scale and pricing power from the Brazil acquisition will outweigh the added leverage and rising operational costs. The company's ability to maintain its debt-to-EBITDA ratio while integrating new assets will be the critical determinant of its long-term stability.

Selected Quarter

Core Takeaway

Tidewater is prioritizing scale and market share via the Wilson Sons acquisition, but high debt servicing and operational costs are squeezing the bottom line.

Investor Lens

The trade-off between aggressive inorganic growth and the maintenance of strict leverage covenants.

Watch Next

The official closing of the Wilson Sons acquisition and the subsequent impact on the debt-to-EBITDA ratio.

View Full SEC Report

Signal Momentum Chart

Quarterly net bull/bear signal ratio. Click nodes to select a quarter.

BULLISH (+1.0)NEUTRAL (0.0)BEARISH (-1.0)-0.07Q2 '26 (10-Q)

Signal Timeline

Active Filters:Quarter: Q2 '26 (10-Q)
bearishMay 4

Net income plummeted from $42.6M to $6.1M year-over-year.

earnings miss
90%
bullishMay 4

Definitive agreement to acquire Wilson Companies for $500 million.

acquisition
70%
bearishMay 4

Operating income decreased 26% YoY due to rising crew and maintenance costs.

margin compression
60%
bullishMay 4

Maintains a $500 million share repurchase program.

buyback
50%
bearishMay 4

Net income plummeted from $42.6M to $6.1M year-over-year.

earnings miss
90%
bullishMay 4

Definitive agreement to acquire Wilson Companies for $500 million.

acquisition
70%
bearishMay 4

Operating income decreased 26% YoY due to rising crew and maintenance costs.

margin compression
60%
bullishMay 4

Maintains a $500 million share repurchase program.

buyback
50%
bearishMay 4

Net income plummeted from $42.6M to $6.1M year-over-year.

earnings miss
90%
bullishMay 4

Definitive agreement to acquire Wilson Companies for $500 million.

acquisition
70%
bearishMay 4

Operating income decreased 26% YoY due to rising crew and maintenance costs.

margin compression
60%
bullishMay 4

Maintains a $500 million share repurchase program.

buyback
50%
bearishMay 4

Net income plummeted from $42.6M to $6.1M year-over-year.

earnings miss
90%
bullishMay 4

Definitive agreement to acquire Wilson Companies for $500 million.

acquisition
70%
bearishMay 4

Operating income decreased 26% YoY due to rising crew and maintenance costs.

margin compression
60%
bullishMay 4

Maintains a $500 million share repurchase program.

buyback
50%
bearishMay 4

Net income plummeted from $42.6M to $6.1M year-over-year.

earnings miss
90%
bullishMay 4

Definitive agreement to acquire Wilson Companies for $500 million.

acquisition
70%
bearishMay 4

Operating income decreased 26% YoY due to rising crew and maintenance costs.

margin compression
60%
bullishMay 4

Maintains a $500 million share repurchase program.

buyback
50%
bearishMay 4

Net income plummeted from $42.6M to $6.1M year-over-year.

earnings miss
90%
bullishMay 4

Definitive agreement to acquire Wilson Companies for $500 million.

acquisition
70%
bearishMay 4

Operating income decreased 26% YoY due to rising crew and maintenance costs.

margin compression
60%
bullishMay 4

Maintains a $500 million share repurchase program.

buyback
50%
bearishMay 4

Net income plummeted from $42.6M to $6.1M year-over-year.

earnings miss
90%
bullishMay 4

Definitive agreement to acquire Wilson Companies for $500 million.

acquisition
70%
bearishMay 4

Operating income decreased 26% YoY due to rising crew and maintenance costs.

margin compression
60%
bullishMay 4

Maintains a $500 million share repurchase program.

buyback
50%

Filing History

10-QMay 4, 2026
Expand Sequence

Tidewater's latest filing presents a company at a crossroads between aggressive expansion and financial discipline. On one hand, the strategic acquisition of Wilson Sons and the trend of rising day rates suggest a company successfully capturing a cyclical peak. The balance sheet remains strong in absolute terms, providing a buffer against short-term volatility and the means to execute its growth strategy. However, the sharp decline in net income and operating cash flow highlights the high cost of maintaining a global fleet and the burden of its current debt structure. The primary tension for investors lies in whether the increased scale and pricing power from the Brazil acquisition will outweigh the added leverage and rising operational costs. The company's ability to maintain its debt-to-EBITDA ratio while integrating new assets will be the critical determinant of its long-term stability.

Disclaimer: The synthesis provided is generated by AI models and should not be construed as investment advice. Analysis is based solely on regulatory data present at the time of publication. Consult a financial advisor for specific investment strategies.