Tidewater (TDW) AI Stock Analysis
Tidewater
(BMV:TDW)
No summary available
Tidewater (TDW) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- MXN 4.35B
- Dividend Yield
- ―
- Average Volume (3M)
- 15
- Price to Earnings (P/E)
- 17.5
- Beta (1Y)
- -0.08
- Revenue Growth
- -9.86%
- EPS Growth
- 18.54%
- Country
- Mexico
- Employees
- 7,300
- Sector
- Energy
- Sector Strength
- 65
- Industry
- Oil & Gas Equipment & Services
Tidewater Business Overview & Revenue Model
Company Description
Tidewater Inc., along with its subsidiaries, provides essential marine support and transportation services globally for the offshore energy industry, leveraging its diverse fleet of specialized vessels. Its core activities include facilitating offsho...
Tidewater Earnings Call Summary
The call conveyed predominantly positive operational and financial momentum — revenue and cash flow beat expectations, day rates showed notable sequential acceleration (+7.5% weighted average leading edge), utilization improved, and backlog coverage is strong (~91% of midpoint guidance). The company also highlighted a strong balance sheet and near-term incremental free cash flow from the Wilsons acquisition. Key risks and short-term headwinds include Operation Epic Fury-related costs (~$6.8M in Q2, ~$4M expected in Q3), a >50% sequential increase in fuel expense, slow collection on reimbursable war costs, regional margin softness (notably Africa and APAC), and temporary guidance reduction tied to a later acquisition close and deferred dry docks. On balance, the positives around revenue growth, day‑rate momentum, cash generation, balance sheet strength, and pipeline/backlog outweigh the transitory cost and timing headwinds.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Tidewater updated full‑year 2026 guidance to $1.42–$1.47 billion of revenue and 49%–50% gross margin, assuming a ~Sept. 1 close of the Wilsons acquisition and ~80% full‑year utilization (inclusive of Wilsons) with ~11% of capacity uncontracted; H1 revenue plus firm backlog/options and Wilsons’ Sep–Dec backlog represent ~$1.3 billion (~91% of the midpoint) and ~69% of remaining available days are in firm backlog/options. They expect Q3 revenue up ~3% (including one month of Wilsons), Legacy Tidewater revenue down ~2% (dry docks shifting ~1 ppt and extra down‑for‑repair time ~1 ppt), Q3 gross margin ~46% and Q3 conflict‑related costs of ≈$4M (Q2 conflict costs were ≈$6.8M; $9.2M YTD). Financial positioning: net debt ~0 at Q2, liquidity >$850M, plan to fund ≈$270M cash for Wilsons (no RCF use), net leverage ~0.8x pro forma, $500M repurchase authorization retained but paused; Q2 free cash flow was $64.4M (Q1 $34.4M) with FCF expected to accelerate in H2 and into 2027. Other metrics highlighted: weighted average leading‑edge day rate +7.5% sequentially, average day rates ~3% higher vs Q1, active utilization 81.4% (80.6% Q1), 25 term contracts signed (avg ~12 months), full‑year dry‑dock cost guide ≈$122M (Q2: 750 days/$23.3M; Q1: 949 days/$36.4M), FY CapEx ≈$52M (incl. $15M Norwegian upgrade and ~$4M incremental Wilsons CapEx), and FY G&A ex‑M&A ≈$126M (≈$14M noncash stock comp); management noted a realistic path to $3k–$4k/day y/y average day‑rate gains in 2027 and 2028 and upside to guidance if offshore activity strengthens.
Tidewater Risk Analysis
Tidewater disclosed 41 risk factors in its most recent earnings report. Tidewater reported the most risks in the "Finance & Corporate" category.
- Finance & Corporate14
- Tech & Innovation2
- Legal & Regulatory6
- Production8
- Ability to Sell6
- Macro & Political5
Latest Risks Added
0 New RisksTidewater Peers Comparison
Overall Rating
FTI77Outperform
OII69Neutral
VTOL68Neutral
HOS62Neutral
XPRO62Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| FTI | 77Outperform | $26.74B | 21.23 | 38.54% | 0.29% | 7.95% | 42.53% |
| OII | 69Neutral | $4.06B | 12.42 | 29.05% | ― | 2.99% | 44.14% |
| VTOL | 68Neutral | $1.24B | 11.73 | 9.82% | 0.89% | 8.19% | -13.77% |
| Sector * | 65Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
| HOS | 62Neutral | $1.57B | -2.23 | -8.68% | ― | 1.97% | -51.44% |
| XPRO | 62Neutral | $1.94B | 94.99 | 1.37% | ― | -7.11% | -70.32% |
* Energy Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| MX:TDW | Tidewater Inc | 1470.19 | 533.46 | 56.95% | |
| FTI | TechnipFMC | 68.77 | 26.81 | 63.89% | |
| HOS | Hornbeck Offshore Services, Inc. | 7.08 | 0.16 | 2.31% | |
| OII | Oceaneering International | 40.86 | 16.70 | 69.12% | |
| XPRO | Expro Group Holdings N.V. | 17.26 | 3.20 | 22.76% | |
| VTOL | Bristow Group Inc | 41.99 | -0.36 | -0.84% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.