Tidewater (NYSE:TDW) Shares Gap Down After Earnings Miss

Key Points

• Major EPS miss and stock reaction: Tidewater reported $0.12 EPS vs. about $0.75 expected (down from $0.83 a year ago), and the stock gapped down after the release (prior close $87.08, opened $82.98).
• Revenue roughly in line and strong liquidity: Quarterly revenue of $326.2M was near estimates, and cash & cash equivalents rose to about $552M, which partially offsets concerns from the earnings miss.
• Profitability, cash flow and guidance are weak: Operating cash flow dropped roughly 77.7% YoY, net income plunged, FY2026 revenue guidance of $1.4–$1.5B was slightly below consensus, and recent insider selling plus mixed analyst targets raise near‑term risk.

Tidewater Inc. (NYSE:TDW - Get Free Report) shares gapped down prior to trading on Tuesday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $87.08, but opened at $82.98. Tidewater shares last traded at $85.7850, with a volume of 180,912 shares traded.

The oil and gas company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.75 by ($0.63). The business had revenue of $326.22 million for the quarter, compared to analysts' expectations of $322.83 million. Tidewater had a net margin of 24.74% and a return on equity of 12.34%. The business's revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.83 earnings per share.

Key Tidewater News

Here are the key news stories impacting Tidewater this week:

• Positive Sentiment: Large cash balance and liquidity remain strong (cash & cash equivalents rose to ~$552M), which supports capital spending and lowers short‑term refinancing risk. Quiver Quant — Q1 financials
• Positive Sentiment: Top line was roughly in line with estimates (some outlets note sales topped estimates), so revenue stability partially offsets the EPS miss and suggests demand hasn’t collapsed. MSN — Sales top estimates
• Neutral Sentiment: Company released its Q1 press release, slide deck and earnings transcript — useful for details and management commentary for modeling and analyst calls. Quarterly slides & press release
• Neutral Sentiment: Analyst price targets show mixed views (median ~$87; recent targets ranged ~$80–$94), indicating divergent expectations that could amplify volatility. Quiver Quant — analyst targets
• Negative Sentiment: Large EPS miss: reported $0.12 vs. consensus ~$0.68–$0.75 and vs. $0.83 a year ago — net income and diluted EPS fell ~85% YoY, pressuring the stock. Zacks — EPS miss
• Negative Sentiment: Profitability and cash generation weakened: gross and operating profit declined, operating cash flow dropped sharply (~77.7% YoY), and net income plunged — these trends increase short‑term earnings risk. Quiver Quant — margins & cash flow
• Negative Sentiment: FY 2026 revenue guidance was issued around $1.4–$1.5B (reported as slightly below consensus), which, combined with the EPS miss, may temper near‑term upside. Business Wire — Q1 results & guidance
• Negative Sentiment: Notable insider and institutional selling noted in recent periods (insider sales and some large fund reductions), which can weigh on sentiment. Quiver Quant — insider & fund activity

Wall Street Analyst Weigh In

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

Insider Activity at Tidewater

In related news, EVP Daniel A. Hudson sold 15,000 shares of Tidewater stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $77.50, for a total value of $1,162,500.00. Following the completion of the transaction, the executive vice president directly owned 50,986 shares in the company, valued at approximately $3,951,415. The trade was a 22.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Samuel R. Rubio sold 22,461 shares of Tidewater stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $80.05, for a total transaction of $1,798,003.05. Following the completion of the transaction, the executive vice president owned 60,066 shares of the company's stock, valued at $4,808,283.30. This represents a 27.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 52,656 shares of company stock valued at $4,079,112. 6.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. State Street Corp grew its stake in Tidewater by 4.7% in the 4th quarter. State Street Corp now owns 1,901,880 shares of the oil and gas company's stock valued at $96,064,000 after buying an additional 85,697 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Tidewater by 14.0% in the 4th 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 buying an additional 215,145 shares in the last quarter. Cerity Partners LLC grew its stake in Tidewater by 104.3% in the 4th quarter. Cerity Partners LLC now owns 1,142,935 shares of the oil and gas company's stock valued at $57,730,000 after buying an additional 583,607 shares in the last quarter. American Century Companies Inc. grew its stake in Tidewater by 74.2% in the 3rd quarter. American Century Companies Inc. now owns 969,392 shares of the oil and gas company's stock valued at $51,698,000 after buying an additional 412,911 shares in the last quarter. Finally, Hosking Partners LLP grew its stake in Tidewater by 11.3% in the 4th quarter. Hosking Partners LLP now owns 650,785 shares of the oil and gas company's stock valued at $32,871,000 after buying an additional 65,875 shares in the last quarter. 95.13% of the stock is currently owned by hedge funds and other institutional investors.

Tidewater Price Performance

The firm has a market capitalization of $4.27 billion, a PE ratio of 12.93 and a beta of 0.57. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.78 and a current ratio of 2.90. The business's 50 day moving average is $81.82 and its two-hundred day moving average is $65.34.

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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