Tidewater Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 9, 2026, reporting third-quarter vessel revenues of $357.5 million and net income attributable to the company of $17.5 million.

Key Highlights

  • Vessel revenues: $357,547 thousand for the three months ended September 30, 2026, up from $338,491 thousand in the same period of 2025, according to the filing.
  • Net income attributable to Tidewater Inc.: $17,514 thousand for Q3 2026, compared to a net loss of $806 thousand in Q3 2025.
  • Nine-month vessel revenues: $1,020,696 thousand for the nine months ended September 30, 2026, versus $1,006,048 thousand in the prior-year period.
  • Total assets: $2,673,048 thousand at September 30, 2026, up from $2,386,911 thousand at December 31, 2025.
  • Acquisition activity: The company reported $272,975 thousand in acquisitions, net of cash acquired, in the nine months ended September 30, 2026, versus none in the comparable prior-year period.
  • Cash position: Cash and cash equivalents stood at $390,844 thousand at September 30, 2026, down from $578,761 thousand at December 31, 2025.
  • Shares outstanding: 49,664,476 shares of common stock were outstanding as of October 31, 2026, the filing stated.

Tidewater Inc. Q3 2026 Financial Results: Revenue Growth and Acquisition Impact

According to the filing, Tidewater Inc. (NYSE:TDW) reported total revenue of $360,416 thousand for the three months ended September 30, 2026, compared to $341,113 thousand for the same quarter a year earlier. Vessel operating costs for Q3 2026 were $190,241 thousand, up from $176,130 thousand in Q3 2025. Operating income for the quarter was $50,333 thousand, compared to $62,651 thousand in the prior-year quarter. The company reported diluted income per common share of $0.35 for Q3 2026, versus a diluted loss of $0.02 per share in Q3 2025.

For the nine months ended September 30, 2026, the filing disclosed net income attributable to Tidewater Inc. of $45,316 thousand, compared to $114,777 thousand for the same period of 2025. General and administrative expenses rose to $112,181 thousand for the nine-month period, up from $95,563 thousand a year earlier. Net cash provided by operating activities was $161,443 thousand for the nine months ended September 30, 2026, compared to $226,148 thousand in the prior-year period.

On the balance sheet, net properties and equipment increased to $1,513,820 thousand at September 30, 2026, from $1,072,020 thousand at December 31, 2025. Long-term debt rose to $803,566 thousand from $649,048 thousand over the same period. Total stockholders' equity was $1,406,202 thousand at September 30, 2026. The company also reported $7,945 thousand in common stock repurchases during the nine months ended September 30, 2026, compared to $90,089 thousand in the prior-year period.

What Was Disclosed

Tidewater Inc. disclosed its unaudited condensed consolidated financial statements for the quarter and nine months ended September 30, 2026, covering revenues, operating costs, income, balance sheet positions, and cash flows, including significant acquisition spending of $272,975 thousand year-to-date.