Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTMarketBeatSun, August 9, 2026 at 12:03 PM GMT+2 6 min readKey PointsInterested in Tidewater Inc.? Here are five stocks we like better.Second-quarter results exceeded expectations: Revenue rose to $342.3 million, adjusted EBITDA increased to $133.8 million, and higher day rates and utilization supported performance despite $6.8 million in conflict-related costs.Middle East conflict remains a cost headwind: Tidewater expects approximately $4 million in related third-quarter expenses, though regional activity remained stable and the company is pursuing customer reimbursements for eligible costs.Wilson Sons acquisition and outlook revised: The acquisition is now expected to close around Sept. 1, reducing 2026 revenue guidance to $1.42 billion–$1.47 billion. Tidewater ended the quarter with more than $850 million in liquidity and expects leverage of about 0.8 times after the transaction.Tidewater (NYSE:TDW) reported second-quarter 2026 results that exceeded its expectations, as higher day rates, stronger utilization and delayed dry dock activity lifted revenue and margins despite elevated operating costs tied to the Middle East conflict referred to as Operation Epic Fury.Revenue rose to $342.3 million from $326.2 million in the first quarter, while net income totaled $21.7 million, or $0.43 per share. Gross margin was $160.5 million, representing a 46.9% margin, compared with 48.8% in the prior quarter. Adjusted EBITDA increased to $133.8 million from $129.3 million.→ No Hangover: Revisiting Microsoft One Week After EarningsPresident and CEO Quintin Kneen said revenue and gross margin both exceeded company expectations. The quarter benefited from higher rates and utilization, including the timing shift of dry docks for seven vessels from the second quarter into later periods. Excluding $6.8 million of expenses associated with Operation Epic Fury, Tidewater said gross margin would have been about 49%.Tidewater's weighted average leading-edge day rate increased approximately 7.5% sequentially during the quarter. The company entered 25 turn contracts with an average duration of about 12 months.→ MarketBeat Week in Review – 08/03 - 08/07Active utilization improved to 81.4% from 80.6% in the first quarter, while average day rates increased about 3%. Chief Financial Officer Sam Rubio said the company's operational performance was supported by stronger demand, better-than-expected uptime and the movement of dry dock work into the second half of the year.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info