Tidewater's Q1: Revenue Beats, Profits Miss

Tidewaters Q1 2026 earnings report showed a 2.2% revenue dip, missing EPS forecast by 81%. Margins squeezed to 18.1% due to dry-dock days and Middle East/Americas issues. CEO Kneen blamed cost pressures like crew wages and insurance. Shares fell from $87 to $81.75, market cap at $4B. Analysts questioned energy security, M&A, and day rate potential. Tidewater aims to integrate Wilson in Brazil, control Middle East costs, and benefit from vessel shortages in Europe, Asia Pacific, and Africa. 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/c97304208cd54639

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