TIDEWATER INC.

In its Q2 2026 letter Moerus Worldwide Fund named Tidewater among its top contributors, saying the company increased per-share value through cost controls, share repurchases and opportunistic acquisitions of distressed assets at deep discounts. Moerus highlighted Tidewater’s strong balance sheet as key to buying assets during the industry downturn and noted continued accretive deals. The firm views the gap between expensive AI names and neglected value areas as an opportunity and maintains a deep-value, long-term investment approach. » Więcej na finance.yahoo.com

Tidewater’s stock rose to a new 52-week high of $97.53 and is currently trading at $97.57, corresponding to a market capitalization of $4.85 billion. Over the past year the stock gained 65.53%, and year-to-date it is up 84%; InvestingPro classifies it as undervalued. In the second quarter Tidewater beat revenue expectations with $342.3 million but narrowly missed adjusted earnings per share at $0.43 (expectation: $0.45). BTIG raised its rating to buy and set a $120.00 price target, citing expected tightening in the market for offshore supply vessels. » Więcej na de.investing.com

Tidewater has completed the acquisition of Wilson, Sons Ultratug Participações and Atlantic Offshore Services, taking over 22 platform supply vessels. The transaction strengthens Tidewater’s operations and presence in Brazil. Financial terms were not disclosed; management welcomed the transferred employees and views the fleet as a complement to existing activities. » Więcej na de.investing.com

Tidewater’s stock hit a 52-week high of $93.13 (currently $93.22) and posted a 12-month return of 63.9% and an 81% gain year-to-date. InvestingPro still rates the stock as undervalued despite the rise but notes an overbought RSI. In Q2, Tidewater beat revenue expectations with $342.3 million but missed adjusted EPS at $0.43 versus $0.45 expected; cash flow improved thanks to higher dayrates and vessel utilization. » Więcej na de.investing.com

Tidewater reported revenue of $342.3 million in the second quarter of 2026, beating analysts’ expectations, while adjusted earnings of $0.43 per share slightly missed estimates. Free cash flow nearly doubled to $64.4 million and adjusted EBITDA increased to $133.8 million. Management raised the full-year guidance for revenue and gross margin, but attributed the adjustment to an roughly two-month delay in closing the acquisition of Wilson Sons. The stock jumped strongly in after-hours trading as investors welcomed the stronger revenue momentum, higher dayrates and improved market conditions. » Więcej na de.investing.com