Tidewater, Inc. (TDW)

NYSEEnergyOil & Gas Equipment & ServicesSnapshot 2026-10-23

$86.07+8.11%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge Tidewater, Inc.’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

Comparable estimates unavailable

+10% or more+5%0%−5%−10% or less

A matching fiscal period and sufficient coverage are required.

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

The calculation requires same-period, same-provider snapshots, positive EPS, at least five analysts and a baseline within three days of the requested lookback.

Measure / period	Management expectations	Analyst expectations
Quarter ending 2026-12-30
Revenue	—	418.77M
EPS	—	1.591
Annual ending 2026-12-31
Revenue	—	1.44B
EPS	—	2.803
Annual ending 2027-12-31
Revenue	—	1.7B
EPS	—	6.277

Management figures unavailable.

What the Thesis Depends On

Three published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
gross margin near 50%	A primary condition in Tidewater, Inc.'s published investment case. The stated target is 49% to 51%.	Intact	gross margin falls below 49% in FY26	Gross margin: 28.45% FY2026-Q2; GAAP. Published target: 49% to 51%. Target period is not explicitly aligned with this observation. Source published Aug 3, 202628.447765 percent · calculatedSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: stock_quarterly_financials_fmp. Reference: 2026-Q2. Source status: unverified. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
2026 revenue near $1.45 billion	It aims for 2026 revenue near $1.45 billion.	Intact	revenue falls below $1.33 billion in FY26	Revenue: $342.287M FY2026-Q2; GAAP. Published target: ~$1.45B. Target period is not explicitly aligned with this observation. Source published Aug 3, 2026342,287,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: 9eb3427b-d90b-4c61-856c-43a7b2047931. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 3 quarters including the completion announcement. Management anticipated closing the Wilson Sons Ultratug acquisition around September 1, 2026, after announcing it in 2026-Q1 and reaffirming in 2026-Q2. The acquisition completed on August 31, 2026, with integration efforts ongoing. The trajectory shows successful completion and initial integration. Delivery assessment Oct 24, 2026
complete Wilson Sons Ultratug acquisition	The Wilson Sons Ultratug acquisition should boost growth.	Intact	acquisition not completed by mid 2026	Acquisition completed 2026-08-31 vs mid-2026 target News and 8-K filings confirm the acquisition closed on August 31, 2026, with subsequent credit agreements and guidance reaffirmations. Context reviewed through Oct 23, 2026Last status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 3 quarters including the completion announcement. Management anticipated closing the Wilson Sons Ultratug acquisition around September 1, 2026, after announcing it in 2026-Q1 and reaffirming in 2026-Q2. The acquisition completed on August 31, 2026, with integration efforts ongoing. The trajectory shows successful completion and initial integration. Delivery assessment Oct 24, 2026

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPSUnavailable

$6.26 → Unavailable · observed estimates

FY2027 revenueUnavailable

$1.65B → Unavailable · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	$6.26	$1,645,277,000	5 / 6
2026-07-25	$6.26	$1,645,277,000	5 / 6
2026-07-26	$6.26	$1,645,277,000	5 / 6
2026-07-27	Unavailable	Unavailable	4 / 4
2026-07-28	$6.26	$1,645,277,000	5 / 6
2026-07-29	Unavailable	Unavailable	4 / 4
2026-07-30	Unavailable	Unavailable	4 / 4
2026-07-31	$6.26	$1,645,277,000	5 / 6
2026-08-01	Unavailable	Unavailable	4 / 4
2026-08-02	$6.26	$1,645,277,000	5 / 6
2026-08-03	$6.26	$1,645,277,000	5 / 6
2026-08-04	$6.26	$1,645,277,000	5 / 6
2026-08-05	Unavailable	Unavailable	4 / 4
2026-08-06	$6.23	$1,649,101,670	5 / 6
2026-08-08	Unavailable	Unavailable	3 / 4
2026-08-09	Unavailable	Unavailable	3 / 4
2026-08-10	$6.29	$1,650,375,330	6 / 6
2026-08-12	Unavailable	Unavailable	3 / 4
2026-08-13	Unavailable	Unavailable	3 / 4
2026-08-14	Unavailable	Unavailable	3 / 4
2026-08-15	Unavailable	Unavailable	4 / 4
2026-08-16	Unavailable	Unavailable	4 / 4
2026-08-17	Unavailable	Unavailable	4 / 4
2026-08-18	Unavailable	Unavailable	4 / 4
2026-08-19	Unavailable	Unavailable	4 / 4
2026-08-20	Unavailable	Unavailable	4 / 4
2026-08-21	Unavailable	Unavailable	4 / 4
2026-08-22	Unavailable	Unavailable	4 / 4
2026-08-23	Unavailable	Unavailable	4 / 4
2026-08-24	Unavailable	Unavailable	4 / 4
2026-08-25	Unavailable	Unavailable	4 / 4
2026-08-26	Unavailable	Unavailable	4 / 4
2026-08-27	Unavailable	Unavailable	4 / 4
2026-08-28	Unavailable	Unavailable	4 / 4
2026-08-29	Unavailable	Unavailable	4 / 4
2026-08-30	Unavailable	Unavailable	4 / 4
2026-08-31	Unavailable	Unavailable	4 / 4
2026-09-01	Unavailable	Unavailable	4 / 4
2026-09-02	Unavailable	Unavailable	4 / 4
2026-09-03	Unavailable	Unavailable	4 / 4
2026-09-04	Unavailable	Unavailable	4 / 4
2026-09-05	Unavailable	Unavailable	4 / 4
2026-09-06	Unavailable	Unavailable	4 / 4
2026-09-07	Unavailable	Unavailable	4 / 4
2026-09-08	Unavailable	Unavailable	4 / 4
2026-09-09	Unavailable	Unavailable	4 / 4
2026-09-10	Unavailable	Unavailable	4 / 4
2026-09-11	Unavailable	Unavailable	4 / 4
2026-09-12	Unavailable	Unavailable	4 / 4
2026-09-13	Unavailable	Unavailable	4 / 4
2026-09-14	Unavailable	Unavailable	4 / 4
2026-09-15	Unavailable	Unavailable	4 / 4
2026-09-16	Unavailable	Unavailable	4 / 4
2026-09-17	Unavailable	Unavailable	4 / 4
2026-09-18	Unavailable	Unavailable	4 / 4
2026-09-19	Unavailable	Unavailable	4 / 4
2026-09-20	Unavailable	Unavailable	4 / 4
2026-09-21	Unavailable	Unavailable	4 / 4
2026-09-22	Unavailable	Unavailable	4 / 4
2026-09-23	Unavailable	Unavailable	4 / 4
2026-09-24	Unavailable	Unavailable	4 / 4
2026-09-25	Unavailable	Unavailable	4 / 4
2026-09-26	Unavailable	Unavailable	4 / 4
2026-09-27	Unavailable	Unavailable	4 / 4
2026-09-28	Unavailable	Unavailable	4 / 4
2026-09-29	Unavailable	Unavailable	4 / 4
2026-09-30	Unavailable	Unavailable	4 / 4
2026-10-01	Unavailable	Unavailable	4 / 4
2026-10-02	Unavailable	Unavailable	4 / 4
2026-10-03	Unavailable	Unavailable	4 / 4
2026-10-04	Unavailable	Unavailable	4 / 4
2026-10-05	Unavailable	Unavailable	4 / 4
2026-10-06	Unavailable	Unavailable	4 / 4
2026-10-07	Unavailable	Unavailable	4 / 4
2026-10-08	Unavailable	Unavailable	4 / 4
2026-10-09	Unavailable	Unavailable	4 / 4
2026-10-10	Unavailable	Unavailable	4 / 4
2026-10-11	Unavailable	Unavailable	4 / 4
2026-10-12	Unavailable	Unavailable	4 / 4
2026-10-13	Unavailable	Unavailable	4 / 4
2026-10-14	Unavailable	Unavailable	4 / 4
2026-10-15	Unavailable	Unavailable	4 / 4
2026-10-16	Unavailable	Unavailable	4 / 4
2026-10-17	Unavailable	Unavailable	4 / 4
2026-10-18	Unavailable	Unavailable	4 / 4
2026-10-19	Unavailable	Unavailable	4 / 4
2026-10-20	Unavailable	Unavailable	4 / 4
2026-10-21	Unavailable	Unavailable	4 / 4
2026-10-22	Unavailable	Unavailable	4 / 4
2026-10-23	Unavailable	Unavailable	4 / 4
2026-10-24	Unavailable	Unavailable	4 / 4

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold	Sell*
2026-05-01	2	5	1
2026-06-01	3	5	1
2026-07-01	3	4	1
2026-08-01	3	4	1
2026-09-01	4	4	1
2026-10-01	4	3	1

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 4 Buy / Strong Buy · 3 Hold · 1 Sell / Strong Sell

0 upgrades0 downgrades1 maintains

Recent actions · Sep 25–Oct 24 · 1 recorded

Price-target changes

30 days

Individual price-target observations are unavailable.

0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Sep 25, 2026–Oct 24, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

gross margin near 50%Gross margin: 28.45%
2026 revenue near $1.45 billionRevenue: $342.287M

Next proof point

Nov 9, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

2 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

1.6%Typical daily move · historical

Downside history

-29.1%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Tidewater, Inc. outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

TDW is an energy-sector business with a cyclical backdrop, where results can move with sector conditions. The long-term thesis is intact, but management execution is volatile and recent financial performance is neutral, so the evidence does not support a stronger quality label.

What's priced into Tidewater, Inc.

TDW is expensive versus peers, with a valuation premium and an expectations gap that points to meaningful optimism already reflected in the setup. The valuation model has low confidence, and the snapshot flags high fragility from expensive valuation, weak execution quality, and a turbulent sector regime.

What the fundamentals likely do

Near term, 2026 revenue guidance remains $1.42 billion to $1.48 billion, and second-quarter revenue rose from the first quarter as operating income also increased. The Wilson Sons Ultratug acquisition closed on August 31, with integration still ongoing. Execution is on track for guidance and operational efficiency, but recent-quarter misses and a high-miss-rate industry make the next results a risk to watch.

What Tidewater, Inc. hinges on

Over the next few quarters, the thesis depends on TDW maintaining guidance without a reversal, which could weaken management credibility. Sector support also depends on bellwethers SLB, BKR, and HAL continuing to report strong results and guidance. Successful acquisition integration and continued operating improvements would support the multi-year view.