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Close of 9 Nov 2026, in USD
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About Tidewater
From its filings with the US Securities and Exchange Commission
Tidewater is based in Houston, Texas and is incorporated in Delaware. Its shares trade on NYSE under the ticker TDW. The SEC classifies its business as water transportation. In the fiscal year to 31 December 2025, it reported revenue of $1.35bn and net income of $334.7m. At that date it held total assets of $2.39bn and shareholders' equity of $1.37bn. By business, Vessel [Member] brought in 99.0% of revenue, followed by Product and Service, Other [Member] at 1.0%. By region, Other Countries [Member] accounted for 45.4%, followed by ANGOLA at 11.5% and UNITED KINGDOM at 11.0%.
We have provided marine and transportation services to the global offshore energy industry since our incorporation in 1956. Our mission includes providing services to our customers with the highest level of operational performance, while complying with laws and regulations, respecting the environment and local communities in which we work and supporting the safety of our people.
Each reporting segment is overseen by a managing director, who is a senior company executive ultimately reporting to our Chief Executive Officer, the chief operating decision maker.
Our vessels routinely move between geographic regions as our customers complete projects and new projects arise. We conduct our business through domestic and international subsidiaries, as well as through joint ventures that we may or may not control (generally where required to satisfy local ownership or local content requirements).
Our vessels and associated services support all phases of offshore crude oil and natural gas (also referred to as oil and gas) exploration, field development, production and maintenance, as well as windfarm development and maintenance activities.
Quoted from its 10-K, filed 2 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Energy
- Industry
- Energy Equipment & Services
- Listed since
- 22 May 1981
- Employees
- 7,300
- Website
- tdw.com ↗
- Head office
- 842 WEST SAM HOUSTON PARKWAY NORTH, HOUSTON, TX, 77024
- Incorporated in
- DE
- Classification
- Water Transportation
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Dick FagerstalLead Independent Chairman of the Board$349,944
- Mr. Quintin KneenPresident, Chief Executive Officer, Director, since 2018$5.9m
- Mr. Samuel RubioChief Financial Officer, Executive Vice President$2.0m
- Mr. Piers MiddletonChief Operating Officer, Executive Vice President$2.1m
- Mr. Daniel HudsonExecutive Vice President, General Counsel, Company Secretary$1.7m
- Mr. Darron AndersonIndependent Director$262,477
- Ms. Melissa CougleIndependent Director$282,557
- Mr. Louis RaspinoIndependent Director$277,657
- Mr. Robert RobottiIndependent Director$256,635
- Mr. Kenneth TraubIndependent Director$271,832
- Ms. Lois ZabrockyIndependent Director$267,055
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 77
- Environment
- 50
- Social
- 99
- Governance
- 83
- Direct emissions (scope 1)
- 1,074,336 t
- Energy emissions (scope 2)
- 1,089 t
- Women in the workforce
- 3%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Established Market Presence: Tidewater Inc has a long-standing history and well-established presence in the offshore energy industry. This provides a competitive advantage and a strong foundation for future growth.
- Fleet Size and Diversity: Tidewater possesses a significant fleet of various types of offshore support vessels. This extensive and diverse fleet enables the company to cater to the specific needs of clients and different market segments.
- Global Operations: With operations in multiple regions around the world, Tidewater has a global reach. This allows the company to capitalize on opportunities in different geographical markets and mitigate risks associated with regional economic fluctuations.
Weaknesses
- Dependence on Oil and Gas Industry: Tidewater's business heavily relies on the activity levels and investments in the oil and gas sector. This dependency exposes the company to the inherent volatility and cyclicality of the industry.
- High Operational Costs: Operating offshore support vessels can be costly due to fuel expenses, maintenance, and crew wages. Tidewater needs to carefully manage its operational costs to maintain profitability and competitive pricing.
- Heavy Capital Investments: The acquisition and maintenance of a large fleet of vessels require significant capital investments. Tidewater needs to ensure it has access to sufficient funds to support its fleet expansion and upgrades.
Opportunities
- Growing Offshore Renewable Energy Sector: The increasing focus on renewable energy sources, such as offshore wind farms, presents an opportunity for Tidewater to diversify its client base and provide support services for new types of offshore projects.
- Expansion into New Geographical Markets: Tidewater can explore expanding its operations into emerging markets or regions with untapped potential in the offshore energy sector. This would help the company reduce its dependence on specific markets and increase its global footprint.
- Technological Advancements: Advancements in technology, such as automation and digitalization, can improve operational efficiency and reduce costs for Tidewater. Embracing these technological innovations can give the company a competitive edge and enhance its service offerings.
Threats
- Economic Downturns: Tidewater is susceptible to economic downturns, which can lead to a decrease in demand for offshore support services. Fluctuations in oil prices and global economic conditions can impact the company's financial performance.
- Competitor Landscape: Tidewater faces competition from other prominent players in the offshore energy sector. Rival companies with similar capabilities and resources may try to win contracts and market share, posing a threat to Tidewater's growth and profitability.
- Environmental and Regulatory Changes: Increasing environmental regulations and policies aimed at reducing the carbon footprint may require Tidewater to invest in environmentally friendly technologies or face constraints in certain markets. Non-compliance with evolving regulations could result in fines or reputational damage.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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