TIDEWATER INC (TDW)
Energy · Offshore support vessel operations · NYSE
Global operator of 208 offshore service vessels supporting deepwater and shallow-water oil and gas operations, renewable energy development, and subsea infrastructure across five continents.
What TIDEWATER INC does
Tidewater Inc. is a global offshore service vessel operator providing marine transportation and support services to the oil and gas exploration, development, and production industries. The company operates a diversified fleet of 208 offshore service vessels (OSVs) and support vessels across five geographic regions—Americas, Asia Pacific, Middle East, Europe/Mediterranean, and West Africa—serving customers in over 30 countries. Revenues are derived primarily from time-charter and spot-charter contracts, with vessels supporting deepwater, intermediate, and shallow-water operations including drilling support, supply transportation, offshore construction, seismic support, and renewable energy activities such as windfarm development.
Themes: ["Offshore energy support services","Marine transportation / OSV fleet operations","Oil and gas exploration and production support","Deepwater operations support","Renewable energy infrastructure (windfarm development and maintenance)","Offshore drilling services","Global fleet management"]
Fundamentals
- Price$70.66 as of 2026-07-09 close
- Market cap$3.5B as of 2026-07-10
- 1-year return+37.1% as of 2026-07-09 close
- P/E11.80 as of 2026-07-10
- Net margin+22.2% as of 2026-07-10
- Gross margin+48.9% as of 2026-07-10
- ROE+23.8% as of 2026-07-10
- Debt / equity0.48 as of 2026-07-10
- Revenue growth (YoY)-0.9% as of 2026-07-10
- Revenue CAGR (3y)+27.8% SEC XBRL
- Beta0.55 as of 2026-07-10
Dividend: 1-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Revenue and earnings are highly dependent on offshore oil and gas exploration and production activity levels, which fluctuate based on commodity prices and customer capital budgets","Exposure to volatility in oil and gas prices and global offshore energy market conditions, which directly impact customer spending and vessel utilization","Fleet age and maintenance costs, including significant drydocking and survey expenses; competition for vessel contracts may pressure day rates and profitability"]
Competitors & peers
- Horizon Offshore (HZO)
- Seacor Holdings
- Solstad Offshore (SOFF.OL)
- GMS Inc.
- Edison Chouest Offshore
- Helix Energy Solutions (HLX)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.