Tidewater delivered stable revenue and strong operational performance in Q3 2025, but reported a net loss primarily due to a $27.1M loss from early debt extinguishment.

Tidewater delivered solid performance in Q2 2025 with increased vessel revenues, improved average day rates, and a gross margin over 50%. Net income rose significantly, aided by FX gains and reversal of a valuation allowance. Free cash flow was strong, and the company launched a major share repurchase program.

Tidewater Inc. announced revenue of $333.4 million for the first quarter ended March 31, 2025, a 3.8% improvement from the same period in 2024. Net income was $42.7 million, or $0.83 per common share, down from $47.0 million in the prior year. The company achieved a record average day rate of $22,303 per day and generated $94.7 million in free cash flow.

Tidewater Inc. announced a strong fourth quarter for 2024, with revenue increasing to $345.1 million and net income reaching $36.9 million. The company's average day rate saw a substantial increase to $22,236 per day, reflecting favorable market conditions and strategic fleet high-grading.

Tidewater Inc. reported revenue of $340.4 million and net income of $46.4 million ($0.87 per common share) for the three months ended September 30, 2024, compared to revenue of $299.3 million and net income of $26.2 million ($0.49 per common share) for the same period in 2023. The company's gross margin was 47.2%, and the consolidated average day rate increased by over 5% to $22,275.

Tidewater Inc. reported a strong second quarter with revenue of $339.2 million, up from $215.0 million in the same quarter last year. Net income also increased significantly to $50.4 million ($0.94 per common share), compared to $22.6 million ($0.43 per common share) in the second quarter of 2023. The company's performance was driven by continued strength in global day rates and active share repurchases.

Tidewater Inc. reported revenue of $321.2 million and net income of $47.0 million ($0.89 per common share) for the three months ended March 31, 2024. The company's performance exceeded expectations, driven by increasing day rates and effective management of seasonality and drydock schedules. The Board has authorized an additional $18.1 million of additional share repurchase capacity, for a total share repurchase capacity of $50.7 million.

Tidewater Inc. reported strong Q4 2023 results, with revenue reaching $302.7 million and net income at $37.7 million ($0.70 per common share). The company's gross margin for the quarter was 47.2%, the highest in 15 years. Free cash flow generation was strong at $61.0 million, and the company initiated share repurchases. Looking ahead, Tidewater anticipates continued revenue growth and margin expansion in 2024.