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.

Tidewater Inc. (TDW) CEO Quintin Kneen on Q3 2021 Results - Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE:TDW) announced today revenue for the three and nine months ended September 30, 2021 of $92.4 million and $265.9 million, respectively, compared with $86.5 million and $305.2 million, respectively, for the three and nine months ended September 30, 2020. Tidewater's net losses for the three and nine months ended September 30, 2021, were $26.3 million ($0.64 per common share) and $91.0 million ($2.22 per common share), respectively, compared with $37.

Tidewater Reports Results for the Three and Nine Months Ended September 30, 2021

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (the “Company”) today announced that it has finalized the terms of the Company's offering of USD $175 million in senior secured bonds in the Nordic bond market. The bonds will mature in November 2026 and bear interest at 8.5% per annum. The Company anticipates that consummation of the offering will occur on November 16, 2021, subject to customary closing conditions. The Company intends to use the net proceeds from the bond issue towards the r

Tidewater Announces Pricing of USD $175 Million Senior Secured Bond Issue

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (“Tidewater” or the “Company”) announced today that Quintin V. Kneen, President, CEO and Director will present at Pareto Securities' 28th Energy Virtual Conference on Thursday, September 16, 2021, at 3:40 a.m. Central Time (4:40 a.m. Eastern Time). Upon completion of the presentation, the Company will file a Form 8-K with the SEC that will include a copy of the slides presented, as well as have the presentation available on the Investor Relat

Tidewater to Present at the Pareto Securities' 28th Energy Virtual Conference

Tidewater, Inc. (TDW) CEO Quintin Kneen on Q2 2021 Results - Earnings Call Transcript

Shares of Tidewater (NYSE:TDW) decreased in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share were up 16.09% year over year to ($0.73), which missed the estimate of ($0.51).

Tidewater: Q2 Earnings Insights

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE:TDW) announced today revenue for the three and six months ended June 30, 2021 of $90.0 million and $173.5 million, respectively, compared with $102.3 million and $218.7 million, respectively, for the three and six months ended June 30, 2020. Tidewater's net losses for the three and six months ended June 30, 2021, were $29.5 million ($0.72 per common share) and $64.8 million ($1.59 per common share), respectively, compared with $110.6 million ($2.74

Tidewater Reports Results for the Three and Six Months Ended June 30, 2021

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (“Tidewater” or the “Company”) announced today that Quintin V. Kneen, President, CEO and Director, will participate in a virtual fireside chat at the UBS Global Energy Virtual Conference on Tuesday, May 25, 2021, at 11:00 a.m. Central Time (12:00 p.m. Eastern Time). Supplemental corporate materials for the conference will be posted to the Company's website the morning of Tuesday, May 25, 2021, and a link to the live webcast of the fireside ch

Tidewater To Present at UBS Global Energy Virtual Conference

Tidewater, Inc. (TDW) CEO Quintin Kneen on Q1 2021 Results - Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE:TDW) announced today revenue for the three months ending March 31, 2021 of $83.5 million compared with $116.4 million for the three months ending March 31, 2020. Tidewater's net losses for the three months ending March 31, 2021, were $35.3 million ($0.87 per common share) compared with $18.4 million ($0.46 per common share) for the three months ending March 31, 2020. Included in the net losses for the three months ending March 31, 2021 were severan

Tidewater Reports Results for the Three Months Ending March 31, 2021

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (“Tidewater” or the “Company”) announced today an earnings conference call has been scheduled for Friday, May 7, 2021 at 8:00 a.m. Central Time, during which President and Chief Executive Officer Quintin Kneen will discuss results for the three months ending March 31, 2021. Investors and interested parties may listen to the earnings conference call via telephone by calling +1.888.771.4371 if calling from the U.S. or Canada (+1.847.585.4405 if

Tidewater Announces First Quarter 2021 Earnings Conference Call

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 that it has entered into a Cooperation Agreement with Robert E. Robotti and his affiliated and controlled entities (the “Robotti Group”). Pursuant to the Cooperation Agreement, the Company has agreed to nominate Mr. Robotti to its Board of Directors (the “Board”) for election at

Tidewater to Nominate Robert E. Robotti to Board of Directors

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 2020 Sustainability Report. This report is Tidewater's inaugural comprehensive and stand-alone sustainability report. The report presents the environmental, social, and governance (ESG) performance of Tidewater Inc., along with its management appro

Tidewater Announces Publication of 2020 Sustainability Report

Tidewater Inc.'s revenue was $91.86 million in the fourth quarter, down 22.7% from the same quarter a year ago and up 6.2% sequentially. Tidewater reduced outstanding debt by $96.2 million and decreased the net debt position by $23.8 million, ending the year with $149.83 million in cash, not including $2.08 million.

Tidewater: Betting For A Better H2 2021

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 promotion of two key members of the company's executive team, Sam R. Rubio and David E. Darling. “I am tremendously proud to announce the promotions of Sam to the position of Chief Financial Officer and David to the position of Chief Operating Officer,” said Quintin Kneen, Tid

Tidewater Announces Appointment of Sam Rubio to the Position of Chief Financial Officer and David Darling to the Position of Chief Operating Officer

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Tidewater's (TDW) CEO Quintin Kneen on Q4 2020 Results - Earnings Call Transcript

Tidewater (TDW) delivered earnings and revenue surprises of -16.33% and 9.23%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Tidewater (TDW) Reports Q4 Loss, Tops Revenue Estimates

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE:TDW) announced today revenue for the three and twelve months ending December 31, 2020, of $91.9 million and $397.0 million, respectively compared with $118.8 million and $486.5 million, respectively, for the three and twelve months ending December 31, 2019. Tidewater's net losses for the three and twelve months ending December 31, 2020, were $29.2 million ($0.72 per share) and $196.2 million ($4.86 per share), respectively, compared with $59.9 mill

Tidewater Reports Results for the Three and Twelve Months Ending December 31, 2020

Tidewater (TDW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Tidewater (TDW) May Report Negative Earnings: Know the Trend Ahead of Q4 Release

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 has signed the “Neptune Declaration on Seafarer Wellbeing and Crew Change” (the “Neptune Declaration”), joining more than 400 companies and organizations globally to work to ensure the crew change crisis caused by COVID-19 is resolved as rapidly as possible. The Neptune Declaration's four major a

Tidewater Signs the Neptune Declaration on Seafarer Wellbeing and Crew Change

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE:TDW) (the “Company”) today announced that the Company's consent solicitation of the holders (the “Holders”) of its 8.00% Senior Secured Notes due 2022 (the “Notes”) successfully received the consent of the Holders of a majority of the outstanding principal amount of the Notes on November 17, 2020 (the “Requisite Consents”). The Company also announced today that pursuant to the previously announced cash tender offer (the “Tender Offer”) for up to $5

Tidewater Inc. Announces Receipt of Requisite Consents with Respect to its Consent Solicitation, the Early Results of its Cash Tender Offer and Termination of its Asset Sale Offer

Tidewater Inc. (TDW) CEO Quintin Kneen on Q3 2020 Results - Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE:TDW) announced today revenue for the three and nine months ended September 30, 2020, of $86.5 million and $305.2 million, respectively compared with $119.8 million and $367.8 million, respectively, for the three and nine months ended September 30, 2019. Tidewater also reported net losses for the three and nine months ended September 30, 2020, of $37.9 million ($0.94 per share) and $167.0 million ($4.15 per share), respectively, compared with $44.2

Tidewater Reports Results for the Three and Nine Months Ended September 30, 2020

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE:TDW) (the “Company”) today announced it is soliciting consents (the “Consent Solicitation”) from holders (the “Holders”) of its outstanding 8.00% Senior Secured Notes due 2022 (the “Notes”) to approve a waiver under and amendments to the indenture relating to the Notes (the “Indenture”, and such waiver and amendments collectively, the “Proposed Amendments”). The Proposed Amendments would increase the Company's operational and financial flexibility

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