Tidewater Q2 Net Income Drops on Higher Costs; Cuts Revenue and Margin Outlook
TDW sits 49% above its 52-week low of $46.65.
Summary
Tidewater's Q2 net income fell sharply year-over-year to $21.1M, or $0.44 per share, as higher operating costs—including conflict-related expenses—ate into revenue growth of 4.9% sequentially. Management cut full-year 2026 revenue guidance to $1.42B–$1.47B and gross margin to 49%–50%, signaling cost pressures are persisting longer than expected. This follows a Q1 that already showed declining net income and cash flow, and the stock had dropped 6% in June on Iran deal fears. The updated outlook suggests the Middle East conflict is a sustained drag, though some costs are billable to customers. With shares trading at 16x forward earnings, well below the three-month-ago multiple of 20x, the market is repricing the risk.
At the time of this announcement, TDW was trading at $69.72 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $3.6B. The 52-week trading range was $46.65 to $93.13. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.