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.

The OSV market stands strong. Supply side is defined by a low order book, limited shipyard capacity, and an aging fleet. Demand grows due to a robust oil rigs market. For FY23, Tidewater delivered $97.2 million net income and $386.7 EBITDA. It is worth mentioning that 2023 was TDW's first profitable year (measured in net income) since 2014. In 4Q23, TDW repurchased shares for $35.0 million at an average price of $59.29/share. In 2023, TDW spent $41.1 million on repurchasing its stocks.

Tidewater Remains The Best In Class, Despite The Elevated Price

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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 2023 Sustainability Report. This report is Tidewater's fourth annual comprehensive and stand-alone sustainability report. The report presents the environmental, social, and governance (ESG) performance of Tidewater, along with its management appro.

Tidewater Announces Publication of 2023 Sustainability Report

Tidewater Inc. (TDW) Q4 2023 Earnings Call Transcript

Tidewater (TDW) came out with quarterly earnings of $0.94 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.30 per share a year ago.

Tidewater (TDW) Q4 Earnings Beat Estimates

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE:TDW) announced today revenue for the three and twelve months ended December 31, 2023 of $302.7 million and $1,010.0 million, respectively, compared with $186.7 million and $647.7 million, respectively, for the three and twelve months ended December 31, 2022. Tidewater's net income for the three and twelve months ended December 31, 2023, was $37.7 million ($0.70 per common share) and $97.2 million ($1.84 per common share), respectively, compared wit.

Tidewater Reports Results for the Three and Twelve Months Ended December 31, 2023

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (“Tidewater” or the “Company”) announced today an earnings conference call has been scheduled for Friday, March 1, 2024, at 8:00 a.m. Central Time, during which President and Chief Executive Officer Quintin Kneen will discuss results for the three and twelve months ending December 31, 2023. Investors and interested parties may listen to the earnings conference call via telephone by calling +1.800.715.9871 if calling from the U.S. or Canada (+.

Tidewater Announces Earnings Conference Call

Tidewater Inc. has shown significant revenue growth, expanding margins, and profitability, along with providing strong guidance for future earnings. As the leading OSV operator, Tidewater benefits from rising demand and day rates in offshore drilling. The company's expansion into the offshore wind sector presents significant growth opportunities.

Establishing Dominance In The OSV Market: Mini Deep Dive On Tidewater

Tidewater (TDW) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

What Makes Tidewater (TDW) a Good Fit for 'Trend Investing'

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4 Last Calls For 2023

Tidewater reported strong Q3 results, as dayrates continue to rise in the OSV market. Tidewater provided an upbeat 2024 outlook and is expected to benefit from higher dayrates and contract expirations. The stock remains the best way to play the rising trend in OSV rates.

Tidewater Should Continue To Benefit From Hot OSV Market

For the second time in a row, Tidewater's quarterly earnings per share missed consensus expectations by a wide margin. The underperformance was mostly a result of analyst models not yet reflecting higher depreciation expense as a result of the recent $580 million acquisition of 37 vessels from Solstad Offshore. In addition, the company experienced higher-than-anticipated unplanned vessel downtime and a resulting increase in repair costs with the issue expected to persist for the remainder of the year.

Tidewater: Another Bad Miss In Q3 But Substantial Improvement Projected For Next Year

Tidewater's 3Q23 results showed significant growth in day rates and revenues, affirming my positive outlook for the company. TDW composite fleet day rates YoY increased from $13,600 to $17,865. The revenue for the same period grew from $190 million to $295 million. Net income for 1Q23 was $10.7 million, while 3Q23 was $26.1 million, or 143% growth in net income. The day rates grew for the same period from $14,624 to $17,865.

Tidewater: The Undisputed OSV Leader Delivered Again

Tidewater Inc. (NYSE:TDW ) Q3 2023 Earnings Conference Call November 7, 2023 9:00 AM ET Company Participants West Gotcher - Vice President, Finance and Investor Relations Quintin Kneen - President and CEO Sam Rubio - Chief Financial Officer Piers Middleton - Chief Commercial Officer Conference Call Participants Jim Rollyson - Raymond James Greg Lewis - BTIG Operator Thank you for standing by. My name is Eric, and I will be your conference operator today.

Tidewater Inc. (TDW) Q3 2023 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE:TDW) announced today revenue for the three and nine months ended September 30, 2023 of $299.3 million and $707.3 million, respectively, compared with $191.8 million and $460.9 million, respectively, for the three and nine months ended September 30, 2022. Tidewater's net income for the three and nine months ended September 30, 2023, was $26.2 million ($0.49 per common share) and $59.5 million ($1.13 per common share), respectively, compared with net.

Tidewater Reports Results for the Three and Nine Months Ended September 30, 2023

Offshore support vessels' day rates are poised to grow further. We have increasing demand for deepwater projects and constrained supply due to a record low order book. Tidewater is the largest offshore supply vessel operator. It owns 223 vessels at an average age of 11.5 years. TDW owns 69 PSV >900m2 or 17% of the global fleet. The acquisition of Solstad increased the company`s debt. A large part of the debt is due in 2026; however, given TDW results, I do not expect any issues.

Tidewater: Bet On Offshore Support Vessels Growing Deficit

Through this agreement, Tidewater (TDW) aims to enhance efficiency, reduce costs, and ensure maximum uptime for its fleet of vessels.

Tidewater's (TDW) GVA Deal With Caterpillar to Boost Uptime

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HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE:TDW) announced today that members of management will participate in the Barclays CEO Energy-Power Conference in New York City on September 5 - 6, 2023. A copy of Tidewater's investor presentation for these meetings can be found on the Events and Presentations page of the company's Investor Relations website at investor.tdw.com. About Tidewater Tidewater owns and operates the largest fleet of offshore support vessels in the industry, with 65 years o.

Tidewater to Attend Barclays CEO Energy-Power Conference

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Tidewater, Inc. (NYSE:TDW ) Q2 2023 Earnings Conference Call August 8, 2023 9:00 AM ET Company Participants West Gotcher - VP, Finance & Investor Relations Quintin Kneen - President, CEO & Director Piers Middleton - VP Sales & Marketing Samuel Rubio - EVP & CFO Conference Call Participants James Rollyson - Raymond James & Associates Fredrik Stene - Clarksons Securities Gregory Lewis - BTIG Operator Thank you for standing by. My name is Ian, and I will be your conference operator today.

Tidewater, Inc. (TDW) Q2 2023 Earnings Call Transcript

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.

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