Tidewater delivered strong fourth quarter results driven by higher average vessel day rates and improved utilization. Revenue and net income increased year-over-year, reflecting continued strength in offshore activity and operating leverage across the fleet.
Q4 revenue increased to 302300000.
Net income reached 44200000 for the quarter.
Average vessel day rates improved sequentially and year-over-year.
Active fleet utilization remained strong across core regions.
Management expects continued strength in offshore markets supported by improving day rates and utilization, though macro and commodity price volatility remain risks.
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