Tidewater Reports Q1 2026 Earnings with Revenue Growth and Margin Improvement
Tidewater (TDW) reported Q1 2026 earnings with revenue of $326.2 million, driven by higher utilization and increased day rates. The company achieved a gross margin of 48.8%, up from 48.7% sequentially, and net income of $6.1 million. However, average utilization dropped to 80.6% due to increased dry-dock days.
Tickers: $TDW
Topics: capital expenditures earnings EBITDA free cash flow gross margin net income revenue utilization