Tidewater: Decent Quarter, Robust Outlook - Buy |
Tidewater Inc. reported strong first quarter 2025 results, with revenue and profitability coming in well ahead of expectations. Strong cash generation was utilized for substantial share repurchases. The company continues to evaluate options for a comprehensive debt refinancing that would allow for even higher shareholder capital returns. |
seekingalpha.com |
2025-05-07 15:59:51 |
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Tidewater Inc. (TDW) Q1 2025 Earnings Call Transcript |
Tidewater Inc. (NYSE:TDW ) Q1 2025 Earnings Conference Call May 6, 2025 9:00 AM ET Company Participants West Gotcher - Senior Vice President of Strategy, Corporate Development and Investor Relations Quintin Kneen - President and Chief Executive Officer Piers Middleton - Chief Commercial Officer Samuel Rubio - Chief Financial Officer Conference Call Participants Jim Rollyson - Raymond James Greg Lewis - BTIG Fredrik Stene - Clarksons Securities David Smith - Pickering Energy Partners Don Crist - Johnson Rice Operator Thank you for standing by. My name is Janice, and I will be your conference operator today. |
seekingalpha.com |
2025-05-06 19:02:30 |
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Tidewater (TDW) Beats Q1 Earnings and Revenue Estimates |
Tidewater (TDW) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.89 per share a year ago. |
zacks.com |
2025-05-05 23:00:54 |
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Tidewater Reports Results for the Three Months Ended March 31, 2025 |
HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE:TDW) announced today revenue for the three months ended March 31, 2025 of $333.4 million, compared with $321.2 million for the three months ended March 31, 2024. Tidewater's net income for the three months ended March 31, 2025, was $42.7 million ($0.83 per common share), compared with net income of $47.0 million ($0.89 per common share) for the three months ended March 31, 2024. Quintin Kneen, Tidewater's President and Chief Executive Officer, comm. |
businesswire.com |
2025-05-05 20:29:00 |
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Tidewater Announces Earnings Release and Conference Call |
HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (“Tidewater” or the “Company”) announced today that it will release financial results for the three months ending March 31, 2025, on Monday, May 5, 2025 after market close. An earnings conference call has been scheduled for Tuesday, May 6, 2025, at 8:00 a.m. Central Time, during which President and Chief Executive Officer Quintin Kneen will discuss results for the three months ending March 31, 2025. Investors and interested parties may listen. |
businesswire.com |
2025-04-28 22:49:00 |
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Middlesex Water Subsidiary Tidewater Utilities Completes The Acquisition Of Ocean View Water System |
ISELIN, N.J., April 02, 2025 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ: MSEX) announced today that its subsidiary, Tidewater Utilities, Inc. (TUI), completed its acquisition of the water system assets of the Town of Ocean View (TOV) in Sussex County, Delaware for $4.6 million. |
globenewswire.com |
2025-04-02 11:45:00 |
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Tidewater: Muted Near-Term Outlook, But Still Highly Profitable - Buy (Upgrade) |
Adjusted for foreign exchange impact, Tidewater reported Q4 2024 and full-year results largely in line with management's most recent projections. Fourth quarter results benefited from an uptick in active fleet utilization. Key financial metrics like vessel operating margin and free cash flow increased to new multi-year highs. The company continues to return capital to equity holders in the form of share buybacks. For 2025, the BoD approved a new $90.3 million repurchase program. |
seekingalpha.com |
2025-03-05 19:07:57 |
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TDW+Co partners with Alaska Airlines & Hawaiian Airlines to Take Off with an Immersive Branded House in Austin |
A One-Day Immersive Experience Showcasing the Future of Seamless Travel with Cutting-Edge Technology, Exclusive Speaker Panels, and Interactive Engagements. LOS ANGELES , March 5, 2025 /PRNewswire/ -- TDW+Co is partnering with Alaska Airlines and Hawaiian Airlines to activate a one-day-only interactive, dual-branded house in Austin, TX for the South by Southwest festival. |
prnewswire.com |
2025-03-05 16:48:00 |
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New Strong Sell Stocks for March 5th |
ACHC, TDW and RMR have been added to the Zacks Rank #5 (Strong Sell) List on March 5, 2025. |
zacks.com |
2025-03-05 09:10:38 |
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Tidewater Inc. (TDW) Q4 2024 Earnings Call Transcript |
Tidewater Inc. (NYSE:TDW ) Q4 2024 Earnings Conference Call February 28, 2025 9:00 AM ET Company Participants West Gotcher - VP, Finance and IR Quintin Kneen - President and CEO Piers Middleton - CCO Samuel Rubio - CFO Conference Call Participants Jim Rollyson - Raymond James Greg Lewis - BTIG David Smith - Pickering Energy Partners Fredrik Stene - Clarksons Securities Josh Jayne - Daniel Energy Partners Don Crist - Johnson Rice Operator Thank you for standing by. My name is Janine, and I will be your conference operator for today. |
seekingalpha.com |
2025-02-28 15:30:05 |
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Tidewater (TDW) Q4 Earnings Meet Estimates |
Tidewater (TDW) came out with quarterly earnings of $0.70 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.94 per share a year ago. |
zacks.com |
2025-02-27 21:25:25 |
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Tidewater Reports Results for the Three and Twelve Months Ended December 31, 2024 |
HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE:TDW) announced today revenue for the three and twelve months ended December 31, 2024 of $345.1 million and $1,345.8 million, respectively, compared with $302.7 million and $1,010.0 million, respectively, for the three and twelve months ended December 31, 2023. Tidewater's net income for the three and twelve months ended December 31, 2024, was $36.9 million ($0.70 per common share) and $180.7 million ($3.40 per common share), respectively, compared. |
businesswire.com |
2025-02-27 18:18:00 |
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Tidewater Announces Earnings Release and Conference Call |
HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (“Tidewater” or the “Company”) announced today that it will release financial results for the three and twelve months ending December 31, 2024, on Thursday, February 27, 2025 after market close. An earnings conference call has been scheduled for Friday, February 28, 2025, at 8:00 a.m. Central Time, during which President and Chief Executive Officer Quintin Kneen will discuss results for the three and twelve months ending December 31, 2024. In. |
businesswire.com |
2025-02-20 18:40:00 |
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Tidewater: Solid And Sustainable Amid Crests And Troughs |
Tidewater's strategic pricing, market penetration, and operational efficiency helps it sustain topline growth despite some headwinds. Its healthy Balance Sheet shows it's a very sustainable company. Underpricing is evident, as price ratios and DCF Model suggests attractive upside potential. |
seekingalpha.com |
2025-02-13 12:44:04 |
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Tidewater: Offsetting Lower Utilization Rates With Higher Pricing |
Tidewater owns and operates a fleet of 216 vessels primarily used by the offshore oil and gas industry. Tidewater is by far the largest player in the offshore service vessels (OSV) industry, especially after the acquisitions of Swire Pacific Offshore and Solstad Offshore. The order book in the OSV industry represents approximately 3.0% of the global fleet. |
seekingalpha.com |
2024-12-07 09:19:57 |
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Oil's Rally Could Boost These 3 Shipping Stocks |
Plenty of vertical industries will see increases in volatility when and if oil prices begin to move away from the cyclical lows they currently trade at. While some investors might see volatility as potentially dangerous, those who have been in the stock market long enough understand that volatility allows money to be made as long as the original idea behind a trade is sound enough. |
marketbeat.com |
2024-11-22 10:16:14 |
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Tidewater: Weak Offshore Drilling Activity Impacts Near-Term Outlook - Hold |
Leading offshore service vessel provider Tidewater reported weaker than expected Q3/2024 results, with both top- and bottom-line numbers coming in below consensus expectations. While revenue and profitability eclipsed previous multi-year highs, fleet utilization was disappointing. Management attributed the underperformance to a mix of project delays, higher-than-expected drydocking requirements, and increased customer caution. |
seekingalpha.com |
2024-11-18 08:05:02 |
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Tidewater Inc. (TDW) Q3 2024 Earnings Call Transcript |
Tidewater Inc. (NYSE:TDW ) Q3 2024 Earnings Conference Call November 8, 2024 9:00 AM ET Company Participants West Gotcher - VP, Finance and IR Quintin Kneen - President and CEO Piers Middleton - CCO Samuel Rubio - CFO Conference Call Participants Jim Rollyson - Raymond James David Smith - Pickering Energy Partners Greg Lewis - BTIG Don Crist - Johnson Rice James West - Evercore Fredrik Stene - Clarksons Securities Operator Thank you for standing by. My name is Novi, and I'll be your operator today. |
seekingalpha.com |
2024-11-08 17:04:31 |
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Tidewater (TDW) Beats Q3 Earnings and Revenue Estimates |
Tidewater (TDW) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.77 per share a year ago. |
zacks.com |
2024-11-07 22:41:25 |
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Tidewater Reports Results for the Three and Nine Months Ended September 30, 2024 |
HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE:TDW) announced today revenue for the three and nine months ended September 30, 2024 of $340.4 million and $1,000.8 million, respectively, compared with $299.3 million and $707.3 million, respectively, for the three and nine months ended September 30, 2023. Tidewater's net income for the three and nine months ended September 30, 2024, was $46.4 million ($0.87 per common share) and $143.8 million ($2.70 per common share), respectively, compared with. |
businesswire.com |
2024-11-07 18:38:00 |
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Tidewater Announces Earnings Release and Conference Call |
HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (“Tidewater” or the “Company”) announced today that it will release financial results for the three months ending September 30, 2024, on Thursday, November 7, 2024 after market close. An earnings conference call has been scheduled for Friday, November 8, 2024, at 8:00 a.m. Central Time, during which President and Chief Executive Officer Quintin Kneen will discuss results for the three months ending September 30, 2024. Investors and interested. |
businesswire.com |
2024-10-31 18:52:00 |
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Tidewater: Best Shipping Sector Outlook With An Attractive Entry Price |
The OSV outlook is one of the most interesting in the shipping industry. The order book is nearly zero, and there are only a few laid-up vessels available. After the recent sell-off, Tidewater is trading at interesting price levels. Due to volatile oil prices, next year could face more headwinds than before; however, the long-term outlook is promising. |
seekingalpha.com |
2024-10-31 06:04:50 |
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3 Dependable Stocks Ready to Dominate Your Portfolio |
There are two ways to interpret global events happening right now, from a weakening state in consumer discretionary trends to the geopolitical conflicts taking place in the Middle East. The first and most common is to read about them in the news and never think of them again. |
marketbeat.com |
2024-10-02 18:53:00 |
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U.S. Offshore Support Vessels Market, Forecast to 2029 with Strategic Analysis of Tidewater, Hornbeck Offshore Services, SEACOR Marine Holdings, Edison Chouest Offshore, GulfMark Energy & More |
Dublin, Sept. 20, 2024 (GLOBE NEWSWIRE) -- The "United States Offshore Support Vessels Market 2019-2029" report has been added to ResearchAndMarkets.com's offering. The United States Offshore Support Vessels Market was valued at USD 4.76 Billion in 2023 and is predicted to experience robust growth in the forecast period with a CAGR of 2.65% through 2029. This market has experienced significant growth due to the increasing offshore drilling activities in the Gulf of Mexico and other strategic offshore regions. Several factors contribute to the robust growth of the U.S. OSV market. Firstly, the resurgence of offshore exploration and production activities, driven by rising oil prices and technological advancements, has bolstered demand for support vessels. These vessels are indispensable for transporting supplies, equipment, and personnel to and from offshore platforms, as well as for performing critical tasks such as anchor handling, towing, and maintenance operations. The ongoing investment in deepwater and ultra-deepwater projects has heightened the need for advanced and high-capacity OSVs. The Gulf of Mexico, in particular, remains a hotspot for offshore drilling, necessitating a steady supply of versatile and reliable support vessels. The development of new offshore fields and the expansion of existing ones further amplify the demand for OSVs, fostering market growth. Technological innovation within the OSV market is another pivotal factor driving its expansion. Modern OSVs are equipped with state-of-the-art technology, including dynamic positioning systems, advanced navigation, and communication systems, which enhance their operational efficiency and safety. The integration of green technologies, such as fuel-efficient engines and emission reduction systems, aligns with the industry's shift towards more sustainable operations, attracting investments and contracts from environmentally conscious oil and gas operators. Moreover, strategic alliances and partnerships among key industry players are propelling market growth. Collaborative efforts between vessel operators, oil and gas companies, and technology providers are leading to the development of more sophisticated and specialized vessels. These partnerships also facilitate the sharing of expertise and resources, optimizing the deployment and utilization of OSVs. |
globenewswire.com |
2024-09-20 13:07:00 |
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Tidewater Utilities Files for Rate Adjustment |
DOVER, Del., Aug. 30, 2024 (GLOBE NEWSWIRE) -- Tidewater Utilities, Inc. (“Tidewater” or the “Company”), a wholly owned subsidiary of Middlesex Water Company (Nasdaq:MSEX) filed a request today with the Delaware Public Service Commission (PSC) for new rates in order to recover prudently incurred investments made in the last ten years to support continued regulatory compliance, enhance water quality, service reliability, security and resiliency of its water utility infrastructure assets. |
globenewswire.com |
2024-08-30 20:25:00 |
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These offshore oil drillers look like bargain stocks as the industry recovers |
The energy sector has been the best performer among the 11 sectors of the S&P 500 over the past three years, but investors remain wary of oil and natural-gas producers and the companies that service them. |
marketwatch.com |
2024-08-26 17:08:00 |
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Tidewater: Bullish Momentum Should Continue For This Energy/Shipping Play |
Tidewater is the largest global OSV operator, making great cash flows in an industry with many tailwinds. It has become a top 5 position for me. Management has the company positioned and operating well and is committed to share buybacks / earnings-accretive strategies. Additionally, hedge funds are net short commodities for the first time since 2016! I think investors looking for unique energy / commodity exposure can accumulate here for upside. I rate TDW as a “Strong Buy” for a short- and long-term inflation play. |
seekingalpha.com |
2024-08-20 03:21:18 |
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Tidewater: Decent Quarter But Lowered Outlook Disappoints |
Leading offshore service vessel provider Tidewater Inc. reported strong Q2/2024 results, with both top and bottom line results exceeding expectations. Revenues of $339.2 million and Adjusted EBITDA of $139.7 million represented new multi-year highs. The company's average dayrate of $21,130 moved up by 32% year-over-year and 8% sequentially. Despite the company's strong second quarter results, management lowered full-year expectations due to several drilling campaigns having been pushed out from the third into the fourth quarter. |
seekingalpha.com |
2024-08-14 22:23:13 |
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Tidewater Q2 2024 Earnings: Headwinds Are Temporary, But Outlook Remains Robust |
Management anticipated longer drydock days in Q3 and several project commencements have been pushed to the right, leading to revised guidance. We believe these developments are temporary. The bull thesis remains in play given supportive market fundamentals. Markets underappreciate potential increases in day rates and utilization rates. We revised our fair value estimate on TDW from $125/share to $121/share (-3%), as smaller vessels with lower yields come into play. |
seekingalpha.com |
2024-08-14 22:03:45 |
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Is the Options Market Predicting a Spike in Tidewater (TDW) Stock? |
Investors need to pay close attention to Tidewater (TDW) stock based on the movements in the options market lately. |
zacks.com |
2024-08-13 16:55:38 |
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Tidewater Inc. (TDW) Q2 2024 Earnings Call Transcript |
Tidewater Inc. (NYSE:TDW ) Q2 2024 Results Conference Call August 7, 2024 9:00 AM ET Company Participants West Gotcher - VP, Finance & IR Quintin Kneen - President & CEO Piers Middleton - Chief Commercial Officer Samuel Rubio - CFO Conference Call Participants Magnus Anderson - Fearnley Securities Don Crist - Johnson Rice Josh Jayne - Daniel Energy Partners David Smith - Pickering Energy Partners Fredrik Stene - Clarksons Securities Greg Lewis - BTIG Jim Rollyson - Raymond James Operator Thank you for standing by. My name is Mandeep, and I'll be your operator today. |
seekingalpha.com |
2024-08-10 00:20:32 |
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Tidewater (TDW) Tops Q2 Earnings and Revenue Estimates |
Tidewater (TDW) came out with quarterly earnings of $0.94 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.46 per share a year ago. |
zacks.com |
2024-08-07 00:00:53 |
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Tidewater: Capitalizing on Booming Oil Rigs and the OSV Market |
The market for offshore oil rigs rigs and offshore supply vessels has experienced a significant increase over the past three years, mainly driven by higher oil prices. The favorable market conditions have led to a higher demand for OSVs, leading to increased usage rates as well as daily rates across the industry. |
gurufocus.com |
2024-06-25 13:00:06 |
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Shipping Trends: J Mintzmyer And Edward Finley-Richardson On Marine Money 2024 |
Shipping trends with J Mintzmyer and Ed Finley-Richardson. Valuations and investor excitement compared to ship owners' cautious optimism. |
seekingalpha.com |
2024-06-24 20:15:00 |
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