TIDEWATER INC
In the published model solve dated 2026-Q2, anchored at $77.42, TIDEWATER INC (TDW) is priced for +18.4% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 11, 2026 from SEC EDGAR filings.
• Tidewater owns the largest fleet of offshore supply vessels serving oil and gas platforms, a business where day rates swing hard with the offshore drilling cycle: Norwegian AHTS spot rates hit records above $350,000 per day in Q1 2026 on tight supply. [Source: Q1 2026 earnings call] • The biggest risk is that current pricing reflects a cyclical high; Q1 2026 net income fell to $6.1 million from $42.7 million a year earlier as dry-dock days, crew wages, and insurance costs rose. [Source: Q1 202
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348 institutional managers reported holding TDW in 13F filings for the quarter ended 2026-03-31. 72 opened new positions that quarter. Held by BlackRock, Vanguard Group, T. Rowe Price, among others. On the short side, 5.5M shares were sold short as of the 2026-06-15 count, about 11% of shares outstanding (8.9 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
TDW's share count grew 19.3% over the past five years even with $215.86M spent on repurchases. It pays no dividend. Cash returned over the past three years: $215.86M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at TDW over the trailing three years: 2023: 4 buys totaling $10.53M; 2024: 5 buys totaling $3.11M; 2025: 5 buys totaling $2.15M. 12 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
TDW's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-08 | -1.1% | +8.6% |
| 2023-11-07 | -15.4% | +11.5% |
| 2024-03-01 | +13.8% | +33.0% |
| 2024-05-03 | +16.5% | -11.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
TDW's latest 8-K filings: 2026-08-03 (items 2.02, 9.01); 2026-07-06 (items 8.01); 2026-06-18 (items 5.02, 5.07, 9.01); 2026-05-04 (items 2.02, 9.01); 2026-03-19 (items 5.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 11, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.