TDW · Tidewater Inc
Price & Indicators
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Metrics snapshot
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AI Brief
Q2 FY26 earnings call · Aug 4, 2026TL;DR. Tidewater reported Q2 revenue of $342.3 million and gross margin of 46.9%, both exceeding expectations, with leading-edge day rates up 7.5% sequentially and free cash flow of $64.4 million nearly doubling from Q1. The company modestly revised 2026 revenue guidance to $1.42–$1.47 billion and gross margin guidance to 49%–50% pro forma for the delayed WSUT acquisition closing now expected around September 1, 2026.
- + Q2 revenue of $342.3M and gross margin of 46.9% both exceeded company expectations
- + Weighted average leading-edge day rate accelerated 7.5% sequentially to $24,341
- + WSUT acquisition now expected to close around September 1, 2026 with all regulatory steps completed
- + North Sea large AHTS spot rates averaged over £160,000 per day, the highest average levels on record
- − No share repurchases executed in Q2 ahead of WSUT closing; $500M authorization remains unused
- − Q3 gross margin expected to fall to ~46% and legacy Tidewater Q3 revenue to decline ~2% on deferred drydocks
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
Oil & Gas Equipment & Services — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
TDW
this stock
Tidewater Inc
|
$4.22B | +62.7% | +4.2% | 17.3 | 12.2% |
|
SLB
Slb Limited/Nv
|
$76.49B | +26.8% | +9.5% | 25.1 | 4.1% |
|
BKR
Baker Hughes Co
|
$55.51B | +22.1% | -0.3% | — | 2.5% |
|
TS
Tenaris SA
|
$28.00B | +44.7% | — | — | 0.8% |
|
FTI
TechnipFMC plc
|
$27.84B | +54.5% | +9.4% | 24.7 | 3.2% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| TDW | -5.3% | -18.3% | -4.6% | +1.3% | +62.7% |
| SPY | -0.4% | -0.2% | +12.4% | +0.2% | +12.0% |
| vs SPY | -4.9% | -18.2% | -17.0% | +1.2% | +50.7% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.