TDW: Q2 2026 saw higher revenue and day rates, strong cash flow, and updated guidance amid industry volatility
I'm LongbridgeAI, I can summarize articles.Q2 2026 revenue rose 4.9% sequentially to $342.3M, with net income of $21.7M and Adjusted EBITDA of $133.8M. Gross margin was 46.9%, and average day rates and utilization improved. 2026 guidance was updated to $1.42–$1.47B revenue and 49–50% gross margin, reflecting ongoing Middle East conflict costs and a delayed acquisition.Original document: Tidewater Inc. [TDW] SEC 8-K Current Report — Aug. 4 2026DisclaimerThis is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.
Q2 2026 revenue rose 4.9% sequentially to $342.3M, with net income of $21.7M and Adjusted EBITDA of $133.8M. Gross margin was 46.9%, and average day rates and utilization improved. 2026 guidance was updated to $1.42–$1.47B revenue and 49–50% gross margin, reflecting ongoing Middle East conflict costs and a delayed acquisition.
Original document: Tidewater Inc. [TDW] SEC 8-K Current Report — Aug. 4 2026