Tidewater stock gains 1.06 percent as fleet deal takes shape

Published on 09/25/2026 at 07:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tidewater stock reported USD 342.3 million in Q2 2026 revenue against a USD 330.42 million forecast. BTIG set a USD 120.00 target after upgrading the rating.

TDW, US88642R1095, Illustration mit AI erstellt.

Tidewater stock (ISIN US88642R1095) was quoted at USD 86.82 on the NYSE on September 24, 2026, up 1.06 percent from the previous close. The latest investment case combines a Q2 revenue beat with an expanded offshore vessel fleet.

Revenue beats the forecast

StockTitan reported that Tidewater generated USD 342.3 million in Q2 2026 revenue, compared with USD 330.42 million expected by analysts. Diluted earnings per share came to USD 0.43, below the USD 0.45 forecast cited in the same results coverage.

The quarter produced USD 62.5 million in operating income and USD 133.8 million in adjusted EBITDA. Net income attributable to Tidewater was USD 21.7 million, compared with USD 72.9 million in Q2 2025, making the revenue beat more important than the earnings headline for the current valuation discussion.

Fleet deal adds 22 vessels

On August 31, 2026, Tidewater completed its acquisition of Wilson Sons Ultratug and Atlantic Offshore Services, according to StockTitan. The transaction had a purchase price of USD 500 million on a debt-free, cash-free basis.

The acquired businesses bring 22 platform supply vessels into Tidewater's fleet and expand its presence in Brazil. For investors, the operating question is whether the added capacity can convert the Q2 revenue performance into higher utilization and day rates.

BTIG sets a USD 120 target

Investing.com reported on September 1, 2026, that BTIG upgraded Tidewater from Neutral to Buy and set a USD 120.00 price target. The firm cited expectations for a tightening offshore supply vessel market over the next two years.

That target sits above the September 24 market quote, while the stock remains below its 52-week high of USD 101.58. The comparison leaves fleet integration, utilization and cash generation as the next measurable tests for the equity story.

Stock quote on September 24

Tidewater stock was quoted at USD 86.82 on the NYSE on September 24, 2026, with a daily change of 1.06 percent. The 52-week range was USD 46.65 to USD 101.58, and market capitalization stood at USD 4,317,610,692.