Tidewater updates vessel outlook as Tidewater stock stands at EUR 72.71

Published on 10/20/2026 at 14:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tighter vessel supply shaped the October 3 outlook. Tidewater stock stands at EUR 72.71 on October 20, 2026, while Q2 revenue was USD 342.3 million.

Offshore earnings and valuation

Tidewater reported USD 342.3 million in second-quarter 2026 revenue.
Fiscal year 2026 revenue guidance was USD 1.42 billion to USD 1.47 billion.
Tidewater stock was trading at EUR 72.71 at 2:01 p.m. CEST at Lang & Schwarz on October 20, 2026.

TDW, US88642R1095, Illustration mit AI erstellt.

Tidewater (US88642R1095) stock was trading at EUR 72.71 at Lang & Schwarz on October 20, 2026, as investors weighed the offshore vessel market against weaker second-quarter profitability. In an October 3 update, Simply Wall St placed tighter vessel supply, Brazil expansion and conflict-related costs at the center of its Tidewater outlook.

Second-quarter figures show the pressure

Tidewater reported USD 342.3 million in revenue for the second quarter of 2026, compared with USD 341.1 million in the second quarter of 2025. Net income fell to USD 21.7 million from USD 72.9 million, while profit margin declined to 6.3 percent from 21.0 percent, according to Simply Wall St. Revenue exceeded analyst estimates by 2.9 percent, but earnings per share missed estimates by 6.5 percent.

What does the latest quarter show?

The figures separate operating demand from earnings quality. Revenue was broadly stable year over year, while conflict-related expenses, dry-dock timing and operating costs reduced the profit contribution. Tidewater's active utilization improved to 81.4 percent in the second quarter from 80.6 percent in the first quarter, and average day rates rose 3.0 percent sequentially, according to the company's earnings-call information carried by Yahoo Finance.

Three dates frame the story

On August 4, 2026, Tidewater reported second-quarter revenue of USD 342.3 million and net income of USD 21.7 million. On September 1, 2026, the company completed its USD 500 million Wilson Sons Ultratug acquisition, adding 22 platform supply vessels in Brazil, according to Simply Wall St. On October 3, 2026, the latest narrative update emphasized vessel tightness and acquisition integration.

Guidance keeps the debate open

For fiscal year 2026, Tidewater's revenue guidance stood at USD 1.42 billion to USD 1.47 billion. The company also guided to a gross margin of 49 percent to 50 percent, while utilization was expected at 80 percent including the acquired fleet. The combination leaves investors balancing firm vessel demand against integration and cost risks.

Stock valuation and trading

Tidewater had a market capitalization of USD 4.0 billion as of October 19, 2026. Its primary listing is on the NYSE, where the stock was last at USD 80.81 on October 19, 2026 at 4:00 p.m. ET. The 52-week range was USD 47.10 to USD 101.58.

Tidewater was trading at EUR 72.71 at Lang & Schwarz on October 20, 2026 at 2:01 p.m. CEST. The primary-market quotation and the euro indication are separate venue references. The further course of trading is shown by the continuously updated real-time quote of Tidewater stock.