NYSE$TDW
Tidewater Inc · Q4 2025 earnings
Q4 2025 earnings · · After market close · Investor relations
Briefing
Tidewater reported a significant increase in revenue and net income for Q4 2024, driven by strong day rates and strategic fleet management.
Tidewater Inc. announced a strong fourth quarter for 2024, with revenue increasing to $345.1 million and net income reaching $36.9 million. The company's average day rate saw a substantial increase to $22,236 per day, reflecting favorable market conditions and strategic fleet high-grading.
- Revenue for Q4 2024 increased to $345.1 million, up from $302.7 million in Q4 2023.
- Net income for Q4 2024 was $36.9 million, compared to $37.7 million in Q4 2023, impacted by foreign exchange loss.
- Average day rate significantly increased to $22,236 per day in Q4 2024.
- The company repurchased 864,104 shares for $44.1 million during the fourth quarter.
Headline financials
Revenue & EPS history
Tidewater · Revenue · Quarterly
$345M
Forward guidance
Tidewater anticipates 2025 revenue to be similar to or slightly better than 2024, with gross margin guidance of 48% to 50%. The company expects improving demand fundamentals towards the end of the year and has authorized a new share repurchase program.
Tailwinds
- Initiating 2025 revenue guidance of $1.32 to $1.38 billion, similar to or slightly better than 2024.
- Initiating 2025 gross margin guidance of 48% to 50%.
- Board approved additional share repurchase authorization of $90.3 million.
- Improving demand fundamentals expected as the year progresses.
- Offshore vessel supply remains in a favorable position with modest newbuild additions.
Headwinds
- Relatively slow start to the year anticipated for 2025.
- Net Income and Adjusted EBITDA in Q4 2024 were adversely impacted by a $14.3 million foreign exchange loss.
- No new vessel deliveries expected during 2025.
- Potential for continued foreign exchange fluctuations impacting financial results.
- Uncertainty around global financial market conditions and access to capital.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2025
-0.7%
Avg return
Earnings day
-3.6%
Avg return
5 days after
+1.9%
Avg return
30 days after
30%
11 / 37 earnings
Positive
+19.8%
Q1 2025
Best reaction
-16.1%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | +5.7% | +9.1% | +11.1% | |
| Q4 2025 | -6.1% | -16.1% | -10.6% | |
| Q3 2025 | -3.8% | -16.6% | -27.9% | |
| Q2 2025 | -2.5% | +0.0% | -7.5% | |
| Q1 2025 | +19.8% | +19.0% | +13.0% | |
| Q3 2024 | -16.1% | -14.3% | -19.4% | |
| Q2 2024 | +1.1% | -1.3% | +5.8% | |
| Q1 2024 | +10.5% | +2.8% | +12.8% | |
| Q4 2023 | +3.3% | +13.0% | +4.5% | |
| Q3 2023 | -5.1% | +3.5% | +0.6% | |
| Q2 2023 | -10.0% | -6.2% | +7.4% | |
| Q1 2023 | -8.3% | -1.3% | +23.4% | |
| Q4 2022 | -2.6% | +16.0% | +20.1% | |
| Q3 2022 | +1.5% | -8.0% | -13.7% | |
| Q2 2022 | -1.4% | -1.5% | -4.0% | |
| Q1 2022 | +2.8% | -0.9% | +9.4% | |
| Q4 2021 | +3.8% | +3.0% | -7.5% | |
| Q3 2021 | -2.7% | +27.6% | +63.2% | |
| Q2 2021 | -3.4% | +1.7% | +13.9% | |
| Q1 2021 | -4.7% | -20.0% | +31.8% | |
| Q4 2020 | +2.2% | -13.9% | -56.5% | |
| Q4 2018 | -15.4% | -19.0% | -0.8% | |
| Q3 2020 | -2.2% | -20.8% | -5.7% | |
| Q2 2020 | -0.8% | -17.8% | -20.1% | |
| Q1 2020 | -0.9% | +3.3% | -2.8% | |
| Q4 2019 | -0.3% | +3.3% | +0.8% | |
| Q3 2019 | -0.1% | -4.8% | -16.5% | |
| Q2 2019 | -4.7% | -8.7% | -5.3% | |
| Q1 2019 | -1.0% | -8.7% | -14.4% | |
| Q3 2018 | -0.1% | +0.7% | +25.9% | |
| Q2 2018 | -1.6% | -6.1% | -1.5% | |
| Q1 2018 | -0.3% | -7.4% | +14.4% | |
| Q4 2017 | +0.0% | +20.0% | +7.5% | |
| Q3 2017 | -2.5% | -28.6% | -50.7% | |
| Q2 2017 | +11.6% | +21.3% | +110.3% | |
| Q1 2017 | -0.6% | -30.9% | -23.2% | |
| Q4 2016 | +7.8% | -25.2% | -17.5% | |
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| Q4 2010 | — | — | — |
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