TIDEWATER INC
For the period ended Sep 30, 2025. Filed Nov 10, 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.
Sep 30, 2025 · Filed Nov 10, 2025
TDW$71.06+1.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In Thousands, except per share data)
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| September 30, 2025 | September 30, 2024 | September 30, 2025 | September 30, 2024 | |
| Revenues: | ||||
| Vessel revenues | $338,491 | $338,485 | $1,006,048 | $994,174 |
| Other operating revenues | 2,622 | 1,871 | 9,940 | 6,576 |
| Total revenue | 341,113 | 340,356 | 1,015,988 | 1,000,750 |
| Costs and expenses: | ||||
| Vessel operating costs | 176,130 | 178,654 | 508,463 | 522,723 |
| Costs of other operating revenues | 1,252 | 901 | 5,790 | 2,867 |
| General and administrative | 35,256 | 28,471 | 95,563 | 80,129 |
| Depreciation and amortization | 66,404 | 62,435 | 196,150 | 178,150 |
| Gain on asset dispositions, net | (580) | (51) | (8,598) | (13,090) |
| Total costs and expenses | 278,462 | 270,410 | 797,368 | 770,779 |
| Operating income | 62,651 | 69,946 | 218,620 | 229,971 |
| Other income (expense): | ||||
| Foreign exchange gain (loss) | 1,277 | 5,522 | 20,549 | (939) |
| Interest income and other, net | 455 | 1,028 | 4,715 | 3,686 |
| Loss on early extinguishment of debt | (27,101) | — | (27,101) | — |
| Interest and other debt costs, net | (16,589) | (17,622) | (49,375) | (56,225) |
| Total other expense | (41,958) | (11,072) | (51,212) | (53,478) |
| Income before income taxes | 20,693 | 58,874 | 167,408 | 176,493 |
| Income tax expense | 21,711 | 12,883 | 53,404 | 33,840 |
| Net income (loss) | (1,018) | 45,991 | 114,004 | 142,653 |
| Net loss attributable to noncontrolling interests | (212) | (380) | (773) | (1,098) |
| Net income (loss) attributable to Tidewater Inc. | $(806) | $46,371 | $114,777 | $143,751 |
| Basic income (loss) per common share | $(0.02) | $0.88 | $2.29 | $2.74 |
| Diluted income (loss) per common share | $(0.02) | $0.87 | $2.27 | $2.70 |
| Weighted average common shares outstanding | 49,498 | 52,490 | 50,217 | 52,498 |
| Dilutive effect of warrants and restricted stock units | — | 593 | 364 | 656 |
| Adjusted weighted average common shares | 49,498 | 53,083 | 50,581 | 53,154 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.