Tidewater Q3 2025 Earnings: Strong Revenue, Margins, and M&A Plans

Tidewaters Q3 2025 earnings exceeded expectations with robust revenue, improved gross margins, and strong free cash flow. They generated $82.7 million in free cash flow, strengthened their balance sheet, and maintained their $500 million share repurchase program. No buybacks occurred this quarter, as theyre exploring M&A opportunities. For 2025, they narrowed revenue guidance to $1.33-$1.35 billion with margins of 49-50%. In 2026, theyre projecting revenue of $1.32-$1.37 billion with margins of 48-50%, supported by a $925 million backlog. Investors are excited about their steady production support business, FPSO deployments, and EPCI projects. Despite pressure in Europe and Africa, the Middle East, Americas, and Asia Pacific regions held firm or improved. New supply remains limited, and attrition should keep the market balanced. Tidewater is optimistic about drilling picking up in late 2026, setting the stage for higher rates without oversupplying the market. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/af530d44f1b9c35b