Tidewater reports Q2 revenue of $342.3M, announces $500M buyback, delays WSUT close to Sept

Filed August 3, 2026 · Period ending August 3, 2026 · ~1 min read

Key Changes

• high

  Q2 2026 revenue of $342.3M, up 4.9% sequentially; average day rate rose $655 to $22,938 (+2.9%), with leading-edge rates up 7.5% to $24,341, signaling pricing momentum.

  Exhibit 99.1 view on EDGAR →
• high

  Announced $500M share repurchase authorization, providing significant capacity for capital return to shareholders.

  Exhibit 99.1 view on EDGAR →
• high

  WSUT acquisition closing delayed to around September 1, 2026 (approximately $342.3 million two months later than originally expected); 2026 guidance updated to $1.42-$1.47B revenue and 49-50% gross margin pro forma for the delay.

  Exhibit 99.1 view on EDGAR →