Tidewater

Q2 FY2026 EarningsQ2 FY26 results beat consensus on both top and bottom lines: revenue $342.3M vs. $332.6M expected, and EPS (GAAP) $0.43 vs. $0.46 expected (noting GAAP actual was slightly lower than mean but within range, while revenue beat). The Europe/Mediterranean segment was the primary growth engine, with revenue up 29% QoQ driven by seasonal recovery and increased day rates. Despite geopolitical headwinds in the Middle East causing a $6M increase in crew and fuel costs, the company maintained a strong cash position with $616M in total cash, supporting the pending $500M acquisition of Wilson Companies.