TIDEWATER INC

For the period ended Mar 31, 2026. Filed May 4, 2026.

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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, 2026 · Filed May 4, 2026

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, 2026	March 31, 2025
Revenues:
Vessel revenues	$323,418	$330,699
Other operating revenues	2,804	2,745
Total revenue	326,222	333,444
Costs and expenses:
Vessel operating costs	166,187	164,979
Costs of other operating revenues	761	1,430
General and administrative	33,559	29,094
Depreciation and amortization	66,619	65,432
Loss (gain) on asset dispositions, net	112	(2,538)
Total costs and expenses	267,238	258,397
Operating income	58,984	75,047
Other income (expense):
Foreign exchange gain (loss)	(3,403)	7,569
Interest income and other, net	2,189	2,157
Interest and other debt costs, net	(16,891)	(16,344)
Total other expense	(18,105)	(6,618)
Income before income taxes	40,879	68,429
Income tax expense	34,903	26,109
Net income	5,976	42,320
Net loss attributable to noncontrolling interests	(164)	(333)
Net income attributable to Tidewater Inc.	$6,140	$42,653
Basic income per common share	$0.12	$0.83
Diluted income per common share	$0.12	$0.83
Weighted average common shares outstanding	49,589	51,502
Dilutive effect of warrants and restricted stock units	249	176
Adjusted weighted average common shares	49,838	51,678

ContentsView on SEC.gov

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