Tidewater (NYSE:TDW) Posts Earnings Results

Key Points

• Big EPS miss: Tidewater reported Q1 EPS of $0.12, well below the analyst consensus of $0.68, with profitability and operating cash flow weakening — a key driver of investor concern.
• Tidewater posted revenue of $326.2 million, slightly above estimates, and issued FY‑2026 revenue guidance of $1.4–$1.5 billion, roughly in line with the street but offering limited upside if execution slips.
• Shares slid to $87.24 on heavy volume amid notable insider selling (52,656 shares, ~$4.08M in the last 90 days) and valuation worries after a >100% one‑year rally, although the balance sheet remains strong with roughly $552M cash and a debt/equity of 0.48.

Tidewater (NYSE:TDW - Get Free Report) announced its earnings results on Monday. The oil and gas company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.68 by ($0.56), FiscalAI reports. Tidewater had a net margin of 24.74% and a return on equity of 12.34%. The firm had revenue of $326.22 million for the quarter, compared to analyst estimates of $322.83 million.

Tidewater Price Performance

Shares of NYSE:TDW traded down $0.61 during midday trading on Monday, hitting $87.24. The company had a trading volume of 1,000,455 shares, compared to its average volume of 820,812. Tidewater has a twelve month low of $37.32 and a twelve month high of $93.13. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.90 and a quick ratio of 2.78. The stock has a market cap of $4.34 billion, a price-to-earnings ratio of 13.06 and a beta of 0.57. The business's 50-day simple moving average is $81.82 and its 200-day simple moving average is $65.34.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TDW. Raymond James Financial set a $117.00 target price on Tidewater in a report on Tuesday, March 3rd. Dawson James reissued an "outperform" rating on shares of Tidewater in a report on Tuesday, March 3rd. Zacks Research raised Tidewater from a "hold" rating to a "strong-buy" rating in a report on Monday, April 20th. Finally, Barclays began coverage on Tidewater in a report on Wednesday, April 1st. They set an "equal weight" rating and a $80.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $87.33.

Insider Activity at Tidewater

In related news, EVP Daniel A. Hudson sold 5,195 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $80.56, for a total value of $418,509.20. Following the completion of the sale, the executive vice president owned 45,971 shares of the company's stock, valued at approximately $3,703,423.76. This trade represents a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Samuel R. Rubio sold 22,461 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $80.05, for a total value of $1,798,003.05. Following the completion of the sale, the executive vice president directly owned 60,066 shares of the company's stock, valued at approximately $4,808,283.30. This represents a 27.22% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 52,656 shares of company stock valued at $4,079,112. Insiders own 6.60% of the company's stock.

Institutional Investors Weigh In On Tidewater

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp increased its holdings in shares of Tidewater by 4.7% in the fourth quarter. State Street Corp now owns 1,901,880 shares of the oil and gas company's stock valued at $96,064,000 after purchasing an additional 85,697 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Tidewater by 14.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,752,685 shares of the oil and gas company's stock valued at $88,529,000 after purchasing an additional 215,145 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Tidewater by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 557,282 shares of the oil and gas company's stock valued at $28,148,000 after purchasing an additional 12,874 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of Tidewater by 18.5% in the fourth quarter. Federated Hermes Inc. now owns 511,476 shares of the oil and gas company's stock valued at $25,835,000 after purchasing an additional 79,826 shares during the last quarter. Finally, Boston Partners increased its holdings in shares of Tidewater by 29.7% in the third quarter. Boston Partners now owns 368,036 shares of the oil and gas company's stock valued at $19,624,000 after purchasing an additional 84,360 shares during the last quarter. Institutional investors and hedge funds own 95.13% of the company's stock.

Key Stories Impacting Tidewater

Here are the key news stories impacting Tidewater this week:

• Positive Sentiment: Revenue roughly met or slightly exceeded consensus, showing demand resilience in the quarter. Tidewater’s NYSE: TDW Q1 CY2026 sales top estimates
• Positive Sentiment: Balance sheet and liquidity remain strong (cash balance reported ~ $552M; modest leverage), which cushions near-term risk and supports operational flexibility. Tidewater Inc. (TDW) Stock Falls on Q1 2026 Earnings
• Neutral Sentiment: Tidewater issued FY‑2026 revenue guidance in a $1.4B–$1.5B range (vs. street ~ $1.5B), which is roughly in line but leaves limited upside if execution slips. Tidewater Reports Results for the Three Months Ended March 31, 2026
• Negative Sentiment: Big EPS miss: Q1 EPS was $0.12 vs. consensus ~$0.68, a steep year‑over‑year decline that is driving investor concern. Tidewater falls on earnings miss despite revenue beat
• Negative Sentiment: Profitability and operating cash flow weakened (gross and operating margins contracted; operating cash flow down sharply YoY), increasing near‑term execution risk. Tidewater Inc. (TDW) Stock Falls on Q1 2026 Earnings
• Negative Sentiment: Notable insider selling and mixed institutional positioning reported, which can pressure sentiment after an earnings disappointment. Tidewater Inc. (TDW) Stock Falls on Q1 2026 Earnings
• Negative Sentiment: After a large one‑year rally (over 100%+), some analysts and investors are flagging valuation and whether recent gains already price in a recovery—heightening downside risk on any further misses. Assessing Tidewater (TDW) Valuation After Strong Recent Share Price Performance

Tidewater Company Profile

Tidewater Inc is a leading global provider of offshore marine support vessels, serving the energy sector with a focus on the oil and gas industry. Headquartered in Houston, Texas, the company operates a diverse fleet of platform supply vessels (PSVs), anchor handling tug supply vessels (AHTSs), crew boats and other specialized vessels designed to support offshore drilling, production and construction activities.

The company's fleet is equipped to handle a range of maritime services, including the transport of personnel, equipment and bulk materials; anchor handling and mooring operations; and subsea construction support.

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