Tidewater Inc. — Nine Months Ended September 30, 2026 Earnings Summary

Tidewater Inc. reported revenue of $360.4 million for the third quarter of 2026, representing a 5.3% increase from the previous quarter, alongside a net income of $17.5 million. The company achieved an average day rate of $23,775 and a weighted average leading edge day rate of $27,373, while closing a $500 million all-cash acquisition of Wilson Sons Ultratug Offshore. Tidewater updated its full-year 2026 revenue guidance to a range of $1.43 billion to $1.44 billion and initiated 2027 revenue guidance of $1.70 billion to $1.75 billion. Additionally, the company generated $75.2 million in net cash from operating activities and $90.9 million in free cash flow during the quarter.