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Tidewater, Inc. - TDW STOCK NEWS

Welcome to our dedicated page for Tidewater news (Ticker: TDW), a resource for investors and traders seeking the latest updates and insights on Tidewater stock.

Tidewater, Inc. (Symbol: TDW) is a leading provider of larger offshore service vessels to the global energy industry. With a robust and modern fleet, a global presence, and over 50 years of experience in marine support services, Tidewater plays a critical role in supporting the offshore energy sector. The company's fleet includes diverse marine service vessels that support every phase of offshore exploration, field development, and production. Their services encompass towing and anchor handling for mobile offshore drilling units, transporting supplies, remotely operated vehicle operations, and various specialized services.

Tidewater operates in key geographical regions including the Americas, Asia Pacific, Middle East, Europe/Mediterranean, and West Africa, with the majority of its revenue generated from West Africa. The company's commitment to safety, combined with its operational expertise, makes it a preferred partner for energy companies operating in remote, deep-water, and increasingly challenging environments.

Recent achievements for Tidewater include expanding its fleet with state-of-the-art vessels to meet the growing demands of the energy industry. Ongoing projects and partnerships underscore Tidewater's dedication to innovation and excellence in marine support services. Financially, the company remains stable, ensuring continuous support and growth in its operations.

For investors and stakeholders seeking up-to-date information on Tidewater's performance, events, and developments, staying informed of the latest news is crucial. Tidewater's latest news and updates reflect the company's dynamic presence in the offshore energy market.

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Tidewater Inc. (NYSE:TDW) announced revenue of $299.3 million for Q3 2023, a 39.2% increase from Q2 2023. The average day rate increased to $17,865 per day, $1,823 higher than the previous quarter. Net income was $26.2 million, an increase of $3.6 million from Q2 2023. The company also completed the integration of 32 of the 37 recently acquired PSVs from Solstad Offshore. Tidewater initiated 2024 revenue guidance of $1.40 to $1.45 billion and gross margin guidance of 52%. They also announced a share repurchase authorization for the maximum permissible amount under existing debt agreements.
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Tidewater Inc. (NYSE: TDW) has scheduled an earnings conference call on November 7, 2023, at 8:00 a.m. Central Time. President and CEO Quintin Kneen will discuss the results for the three months ending September 30, 2023. The call can be accessed via telephone or a live webcast on Tidewater's investor relations website. A replay of the call will also be available.
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Tidewater Inc. to participate in Barclays CEO Energy-Power Conference on September 5-6, 2023.
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Tidewater Inc. (NYSE: TDW) has announced an earnings conference call scheduled for August 8, 2023, at 8:00 a.m. Central Time. President and CEO Quintin Kneen will discuss the results for the three months ending June 30, 2023. Investors can listen to the call via telephone or live webcast.
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Tidewater Inc. has completed its acquisition of 37 platform supply vessels and related assets from Solstad Offshore ASA. The purchase price of $580.0 million was funded through a combination of cash on hand, net proceeds from a bond offering, and a senior secured term loan. The acquisition strengthens Tidewater's leadership position and creates the largest hybrid OSV fleet in the world.
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FAQ

What is the current stock price of Tidewater (TDW)?

The current stock price of Tidewater (TDW) is $54.93 as of February 4, 2025.

What is the market cap of Tidewater (TDW)?

The market cap of Tidewater (TDW) is approximately 2.8B.

What does Tidewater, Inc. do?

Tidewater provides offshore service vessels and marine support services to the global energy industry, supporting offshore exploration, field development, and production.

Where does Tidewater, Inc. operate?

Tidewater operates in the Americas, Asia Pacific, Middle East, Europe/Mediterranean, and West Africa, with most revenue from West Africa.

What services does Tidewater offer?

Services include towing and anchor handling for drilling units, transporting supplies, remotely operated vehicle operations, and specialized marine support services.

How long has Tidewater been in business?

Tidewater has over 50 years of experience in providing marine support services to the offshore energy industry.

What are Tidewater's recent achievements?

Recent achievements include fleet expansion with modern vessels and ongoing projects and partnerships in the energy sector.

How does Tidewater ensure safety in its operations?

Tidewater is recognized for its leading safety performance, ensuring all operations adhere to stringent safety standards.

What types of vessels are in Tidewater's fleet?

Tidewater's diverse fleet includes vessels designed for towing, anchor handling, supply transport, and specialized marine operations.

Why is Tidewater significant in the energy industry?

Tidewater's extensive experience, modern fleet, and global reach make it a crucial player in supporting the energy industry's offshore operations.

What is Tidewater's financial condition?

Tidewater remains financially stable, focusing on continuous support and growth in its operations.

How can I stay updated with Tidewater's latest news?

You can stay informed by following the latest news and updates about Tidewater's performance, events, and developments on financial news platforms.
Tidewater, Inc.

NYSE:TDW

TDW Rankings

TDW Stock Data

2.81B
51.67M
1.26%
104.72%
12.29%
Oil & Gas Equipment & Services
Water Transportation
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United States of America
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