Tidewater (TDW) Stock Falls Below 200-Day Moving Average
52 Week Range: TDW's stock has a 52-week low of $31.17 and a high of $68.90, with the last trade recorded at $48.15.
Market Analysis: The article mentions other energy stocks that have recently fallen below their 200-day moving average.
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Tidewater sets 2026 revenue goal of $1.32B-$1.37B amid increasing capital allocation flexibility
Management Performance: Tidewater Inc. reported Q3 2025 revenue of $341.1 million, exceeding expectations, with a gross margin of 48%. The company generated strong free cash flow of $83 million, bringing the year-to-date total to nearly $275 million.
2026 Outlook: Management initiated a revenue guidance range for 2026 of $1.32 billion to $1.37 billion, with expectations of 80% utilization and a robust backlog representing 69% of the midpoint of the revenue guidance.
Financial Results: Despite a net loss of $806,000 for the quarter, the gross margin was above expectations, attributed to higher day rates and utilization. Operating costs increased due to various factors, including salaries and maintenance.
Market Sentiment: Analysts expressed a neutral to slightly positive outlook, with management maintaining a confident tone about long-term prospects while acknowledging short-term headwinds in certain regions and ongoing structural industry risks.
Tidewater Reports Loss for Third Quarter
Third-Quarter Financial Performance: Tidewater Inc. reported a third-quarter net loss of $0.8 million or $0.02 per share, a significant decline from a net income of $46.4 million or $0.87 per share in the same quarter last year.
Revenue and Gross Margin: The company's revenues for the third quarter were $341.1 million, slightly up from $340.4 million the previous year, with a gross margin of 48.0%.
CEO's Insights: CEO Quintin Kneen noted that vessel uptime exceeded expectations, although average day rates softened in certain regions, while other segments experienced meaningful increases.
Updated Revenue Guidance: Tidewater updated its 2025 revenue guidance to between $1.33 and $1.35 billion and initiated guidance for 2026 at $1.32 to $1.37 billion.
