Tidewater owns and operates a large fleet of offshore support vessels that serve oil and gas producers worldwide. Its ships provide crew transport, supply runs, anchor handling and other marine logistics to offshore drilling and production sites. The business is cyclical with upstream energy activity and is defined by vessel ownership and charter services rather than exploration or refining.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q2 2025 | 341.4 | — | 72.9 | 42.5% |
| Q3 2025 | 341.1 | — | -0.8 | -101.7% |
| Q4 2025 | 336.8 | — | 219.9 | 491.9% |
| Q1 2026 | 326.2 | — | 6.1 | -85.8% |
| Q2 2026 | 342.3 | 0.3% | 21.7 | -70.3% |
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