TIDEWATER INC

For the period ended Mar 31, 2025. Filed May 5, 2025.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 5, 2025

TDW$73.98+4.1%Stored close · as of Nov 10, 2026

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Contents

CONDENSED CONSOLIDATED INCOME STATEMENTS

(In Thousands, except per share data)

	Three Months Ended
	March 31, 2025	March 31, 2024
Revenues:
Vessel revenues	$330,699	$318,686
Other operating revenues	2,745	2,478
Total revenue	333,444	321,164
Costs and expenses:
Vessel operating costs	164,979	167,556
Costs of other operating revenues	1,430	1,150
General and administrative	29,094	25,329
Depreciation and amortization	65,432	56,270
Gain on asset dispositions, net	(2,538)	(11,039)
Total costs and expenses	258,397	239,266
Operating income	75,047	81,898
Other income (expense):
Foreign exchange gain (loss)	7,569	(4,085)
Equity in net losses of unconsolidated companies	—	(5)
Interest income and other, net	2,157	1,483
Interest and other debt costs, net	(16,344)	(19,476)
Total other expense	(6,618)	(22,083)
Income before income taxes	68,429	59,815
Income tax expense	26,109	13,070
Net income	42,320	46,745
Net loss attributable to noncontrolling interests	(333)	(281)
Net income attributable to Tidewater Inc.	$42,653	$47,026
Basic income per common share	$0.83	$0.90
Diluted income per common share	$0.83	$0.89
Weighted average common shares outstanding	51,502	52,320
Dilutive effect of warrants, restricted stock units and stock options	176	580
Adjusted weighted average common shares	51,678	52,900

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.