Tidewater

Tidewater, Inc. engages in the provision of offshore marine support and transportation services to the offshore energy industry. It offers the towing of, and anchor handling for, mobile offshore drilling units, transporting supplies and personnel necessary to sustain drilling, work over and production activities, offshore construction and seismic and subsea support, geotechnical survey for wind farm construction, and a variety of specialized services such as pipe and cable laying. It operates through the following segments: Americas, Middle East and Asia Pacific, Europe and Mediterranean, and West Africa. The company was founded in 1955 and is headquartered in Houston, TX.

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Tidewater reports stellar Q4 results, eyes revenue growth in 2024

Tidewater's strong Q4 2022 performance reflects robust revenue growth, improved margins, and positive net income.
The company's focus on free cash flow generation, integration synergies, and strategic asset management positions it for future growth.
Challenges in cost management and vessel utilization are balanced by opportunities in day rate increases and strategic vessel deployment.
Overall, Tidewater's financial outlook remains positive, with a clear path towards sustained profitability and operational efficiency.

Tidewater reports robust Q1 earnings, eyes global market expansion

Tidewater's Q1 2023 performance reflects operational strength and strategic growth initiatives amidst market challenges and opportunities.
The company's focus on revenue diversification, cost management, and market adaptability positions it well for future growth and profitability.
With a solid financial performance, competitive pricing power, and a positive market outlook, Tidewater is poised for continued success in the offshore industry.

Tidewater reports strong Q2 results, eyes long-term contracts for growth

Tidewater's Q2 2023 performance reflects revenue growth, improved day rates, and strong financial metrics, despite integration costs impacting expenses.
The company's strategic focus on acquisitions, shareholder returns, and debt management aligns with positive market trends and investment opportunities.
Challenges include short-term utilization impacts, G&A expense increases, and managing lead times for bookings, while opportunities lie in securing long-term contracts and optimizing fleet positioning.
Overall, Tidewater remains optimistic about day rates, revenue potential, and the prospect of more long-term contracts, positioning itself for continued growth and stability.

Tidewater excels in Q3 with strong financials and growth outlook

Tidewater's Q3 performance reflects strong financial results, driven by Solstad fleet integration and favorable market conditions.
While facing operational challenges and short-term contract dynamics, the company remains well-positioned for growth in the offshore vessel market.
Strategic initiatives like the share repurchase program and focus on maximizing shareholder value underscore management's commitment to long-term success.
With a positive outlook for 2024 and opportunities for revenue growth through day rate increases, Tidewater is poised for continued success in the industry.

Tidewater excels in 2023, eyes growth through acquisitions and rates

Tidewater's robust financial performance in 2023 sets a strong foundation for continued growth in 2024, with a focus on revenue and margin improvement each quarter.
Strategic initiatives like share repurchases and a focus on optimizing capital allocation position Tidewater well for sustained success amidst market challenges.
The company's emphasis on value-accretive acquisitions, day rate increases, and strategic debt management underscores its commitment to long-term growth and profitability.

Tidewater surpasses Q1 expectations, eyes FPSO market opportunities

Tidewater's Q1 performance exceeded expectations, driven by strong revenue and gross margin growth. The company faces challenges with drydock impacts on utilization rates and analyst inquiries on various financial aspects. However, opportunities lie in the positive market outlook globally and the growing demand for FPSOs and support vessels.

Tidewater reports solid Q3 performance, eyes growth opportunities ahead

Tidewater's Q3 performance was strong, with revenue meeting expectations and a focus on enhancing shareholder value. Challenges include softening activity in some regions and higher operating costs. Opportunities lie in improving utilization, increasing free cash flow, and exploring strategic initiatives like M&A.

Tidewater reports strong Q3 performance amidst market uncertainties

Tidewater's Q3 performance was solid, with revenue meeting expectations and strong day rates.
The company faces market uncertainty for 2025 but expects improved margins and flat Q4 revenue.
Challenges include downtime risks in Q4 and deal processes for potential M&A opportunities.
Opportunities lie in increased day rates, positive demand growth, and capital allocation strategies.

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Tidewater, Inc. engages in the provision of offshore marine support and transportation services to the offshore energy industry. The firm offers the towing of, and anchor handling for, mobile offshore drilling units, transporting supplies and personnel necessary to sustain drilling, work over and production activities, offshore construction and seismic and subsea support, geotechnical survey for wind farm construction, and a variety of specialized services such as pipe and cable laying. It operates through the following geographical segments: Americas, Asia Pacific, Middle East, Europe and Mediterranean, and West Africa. The company was founded in 1955 and is headquartered in Houston, TX.

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE:TDW) announced today revenue for the three and six months ended June 30, 2023 of $215.0 million and $408.1 million, respectively, compared with $163.4 million and $269.2 million, respectively, for the three and six months ended June 30, 2022. Tidewater's net income for the three and six months ended June 30, 2023, was $22.6 million ($0.43 per common share) and $33.3 million ($0.64 per common share), respectively, compared with net losses of $25.6 m.

Tidewater Reports Results for the Three and Six Months Ended June 30, 2023

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (the “Company”) today announced the closing of its acquisition of 37 platform supply vessels and related assets from Solstad Offshore ASA. In connection with the Company's financing of the Solstad acquisition, the Company completed its previously announced bond offering in the Nordic bond market on July 3, 2023. The purchase price of approximately $580.0 million consists of the previously announced $577.0 million base purchase price along wit.

Tidewater Announces Completion of Acquisition and Associated Financing of Platform Supply Vessels From Solstad Offshore

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) ("Tidewater" or the "Company") announced that Dick H. Fagerstal has been appointed non-executive Chairman of the Board. In addition, the Board has reduced the size of the Board from nine to eight members. Mr. Fagerstal stated, “I am honored to assume the role of Chairman of the Board of Tidewater at such an exciting time for our industry. I believe the Company is well positioned to capitalize on the increasing global offshore activity with re.

Tidewater Appoints Dick H. Fagerstal Chairman of the Board

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (the “Company”) today announced that it has finalized the terms of the Company's offering of $250 million in senior unsecured bonds in the Nordic bond market. The bonds will mature in July 2028 and bear interest at 10.375% per annum. Net proceeds from the bond issue will be used towards financing a portion of the Company's purchase price to acquire 37 platform supply vessels from Solstad Offshore ASA, as announced on March 7, 2023, and other.

Tidewater Announces Pricing of $250 Million Senior Unsecured Bond Issue

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) ("Tidewater" or the "Company") today announced that it intends to commence a private offering of USD denominated 5-year senior unsecured bonds, subject to market conditions. The Company intends to use the net proceeds from the bond issue towards financing a portion of the purchase price to acquire 37 platform supply vessels from Solstad Offshore ASA, as announced on March 7, 2023, and other general corporate purposes. The bonds would be priva.

Tidewater Announces Contemplated Bond Issue

During the first quarter of 2023, Tidewater experienced its highest quarterly revenue and net income levels since the end of 2015. This was attributed to the recovery of the offshore market and recent high day rates. It is anticipated that these rates will remain sufficiently high during the next year.

Tidewater: Strong Financials And Increasing Day Rates Signal Promising Future For Investors

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The energy sector, as tracked by the Energy Select SPDR Fund NYSEARCA: XLE is a perfect demonstration of “worst to first” on a year-to-date basis, with a 2023 decline of 8.36%, following its 2022 increase of 64.17%,

2 Energy Mid-Caps Expected To Post Monster Earnings Growth

Tidewater Inc. (NYSE:TDW ) Q1 2023 Earnings Conference Call May 9, 2023 9:00 AM ET Company Participants West Gotcher - Vice President of Finance, IR Quintin Kneen - President & CEO Piers Middleton - VP, Sales & Marketing Sam Rubio - CFO Conference Call Participants Ina Golikja - Fearnley Securities Operator Ladies and gentlemen, thank you for standing by. My name is Brent, and I will be your conference operator today.

Tidewater Inc. (TDW) Q1 2023 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE:TDW) announced today revenue for the three months ended March 31, 2023 of $193.1 million compared with $105.7 million for the three months ended March 31, 2022. Tidewater's net income for the three months ended March 31, 2023, were $10.7 million ($0.21 per common share) compared with a net loss of $12.2 million ($0.29 per common share) for the three months ended March 31, 2022. Included in the net income for the three months ended March 31, 2023 we.

Tidewater Reports Results for the Three Months Ended March 31, 2023

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) ("Tidewater" or the "Company") announced today that Larry T. Rigdon, who has served as a member of the Company's Board of Directors (the "Board") since July 2017, and as non-executive Chairman of the Board since October 2019, informed the Company that he has chosen not to stand for reelection and will retire from the Board at the Company's Annual Meeting of Stockholders to be held on June 26, 2023 (the "Annual Meeting"). Dick H. Fagerstal, ou.

Tidewater Announces Retirement of Larry T. Rigdon

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Tidewater announced the acquisition of 37 OSVs from Solstad Offshore on Tuesday, sending shares 6% higher. Tidewater has the largest fleet in the sector with 228 vessels. It also happens to be one of the youngest with an average age just over 11 years.

Tidewater Pulls Off Another Heist

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (the “Company”) today announced a definitive agreement to purchase 37 of Solstad Offshore ASA's (“SOFF”) platform supply vessels (“PSV”) for $577 million (the “Transaction”).

Tidewater Announces the Acquisition of 37 Platform Supply Vessels from Solstad Offshore

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (“Tidewater” or the “Company”), a leading owner and operator of offshore support vessels providing offshore energy transportation services worldwide, today announced the publication of the Company's 2022 Sustainability Report. This report is Tidewater's third annual comprehensive and stand-alone sustainability report.

Tidewater Announces Publication of 2022 Sustainability Report

Tidewater Inc. (NYSE:TDW ) Q4 2022 Earnings Conference Call February 28, 2023 9:00 AM ET Company Participants West Gotcher - Vice President of Finance, Investor Relations Quintin Kneen - President & Chief Executive Officer Piers Middleton - Vice President Sales & Marketing Sam Rubio - Chief Financial Officer Conference Call Participants Hans Lund - Clarksons Ina Golikja - Fearnley Securities Operator Thank you for standing by. At this time, I would like to welcome everyone to the Tidewater Inc's Q4 2022 Earnings Call.

Tidewater Inc. (TDW) Q4 2022 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE:TDW) announced today revenue for the three and twelve months ended December 31, 2022 of $186.7 million and $647.7 million, respectively, compared with $105.2 million and $371.0 million, respectively, for the three and twelve months ended December 31, 2021. Tidewater's net income (losses) for the three and twelve months ended December 31, 2022, were $10.6 million ($0.20 per common share) and $(21.7) million ($0.

Tidewater Reports Results for the Three and Twelve Months Ended December 31, 2022

Tidewater has had a huge run in the last year, with shares up more than 3x since the start of 2022 and 24% YTD. They closed an acquisition in April 2022 that added 50 OSVs to their fleet.

Tidewater: Great Risk-Reward For 2023

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HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (the “Company” or “Tidewater”) today announced the pricing of its registered underwritten public offering of 3,987,914 shares of its common stock at a public offering price of $30.25 per share.

Tidewater Announces Pricing of Public Offering of Common Stock

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (the “Company” or “Tidewater”) today announced the commencement of a registered underwritten public offering of up to 3,987,914 shares of its common stock.

Tidewater Announces Proposed Public Offering of Common Stock

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Tidewater, Inc. (NYSE:TDW ) Q3 2022 Earnings Conference Call November 4, 2022 9:00 AM ET Company Participants West Gotcher - IR Quintin Kneen - President, CEO & Director Piers Middleton - VP Sales & Marketing Samuel Rubio - EVP & CFO Conference Call Participants Fredrik Stene - Clarkson Securities James West - Evercore ISI Operator Good morning. My name is Colby and I will be your conference operator today.

Tidewater, Inc. (TDW) Q3 2022 Earnings Call Transcript

News for Tidewater Stock (TDW)