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2026-08-31 20:35 1mo ago
2026-08-31 16:05 1mo ago
Tidewater Utilities vrátí zákazníkům kredit ve výši 0,5 milionu USD
TDW Tidewater
FMP Stock News 78
Original source text
DOVER, Del., Aug. 31, 2026 (GLOBE NEWSWIRE) -- Tidewater Utilities, Inc. (Tidewater), a water service provider and wholly owned subsidiary of Middlesex Water Company, today announced that it will refund approximately $0.5 million to customers through a bill credit. The refund is funded by proceeds received from litigation addressing per- and polyfluoroalkyl substances (PFAS).

Tidewater will issue one-time credit to its customers on their September 2026 water bill. Based on current estimates, the average bill credit is expected to be approximately $8.50 per customer and will appear as a line item on the customer monthly statements.

The second customer bill credit demonstrates Tidewater's commitment to responsible financial stewardship, customer affordability, and transparency while maintaining the infrastructure necessary to serve Delaware communities.

Tidewater has taken proactive steps across its water systems to address PFAS, including the installation and operation of advanced treatment technologies, expansion of water quality monitoring, and long-term infrastructure planning. These investments are critical to the delivery of safe, reliable drinking water in accordance with state and federal regulatory requirements.

PFAS is a group of man-made chemicals that have been used for decades in a variety of industrial and consumer applications, including firefighting foams, non-stick cookware, and stain-resistant materials. Due to their persistence in the environment, PFAS can accumulate over time and may be detected in drinking water sources, prompting increased regulatory oversight nationwide.

About Tidewater Utilities, Inc.

Tidewater Utilities, Inc. ("Tidewater"), a wholly owned subsidiary of Middlesex Water Company, is celebrating more than 60 years of service to Delawareans. Tidewater is the largest private water supplier south of the Chesapeake & Delaware Canal, operating 172 active wells and 85 water treatment facilities serving approximately 62,000 customers across more than 480 communities throughout New Castle, Kent, and Sussex counties.

About Middlesex Water Company

Middlesex Water Company (“Middlesex”) (NASDAQ: MSEX) is one of the nation’s premier investor-owned water and wastewater utilities. Established in 1897, Middlesex is a trusted provider of life-sustaining services to more than half a million people in New Jersey and Delaware. The company focuses on employee engagement, operational excellence, superior customer experience, investment in infrastructure, and selective and sustainable growth to deliver value to our customers, investors, and the communities we serve.

Media Contact:
Summer DeFEO, Director of Communications
Phone: 732-638-7510
[email protected]
2026-08-31 20:35 1mo ago
2026-08-31 16:11 1mo ago
Tidewater dokončila akvizici společnosti WSUT a posílila flotilu
TDW Tidewater
FMP Stock News 86
Original source text
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HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (the “Company”) today announced the completion of its acquisition of Wilson, Sons Ultratug Participações S.A. and its affiliate Atlantic Offshore Services S.A. (collectively, “WSUT”), effective August 31, 2026.

Quintin Kneen, Tidewater’s President and Chief Executive Officer, commented, “We are pleased to announce the closing of the WSUT acquisition, and we are excited to welcome our new employees to Tidewater. The WSUT fleet of 22 PSVs is an excellent complement to the Tidewater fleet and further expands our leading global market position in OSVs. We are excited about growing our presence in Brazil and remain optimistic about the long-term opportunities ahead of us in this market.”

About Tidewater

Tidewater owns and operates one of the largest fleets of offshore support vessels in the industry, with 70 years of experience supporting offshore energy exploration, production, generation and offshore wind activities worldwide.

Forward-Looking Statements

In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the Company notes that certain statements set forth in this communication are forward-looking statements which reflect our current view with respect to future events and future financial performance. Forward-looking statements are all statements other than statements of historical fact, including, without limitation, statements about the expected benefits of the WSUT acquisition and our ability to integrate its operations and business successfully. All such forward-looking statements are subject to risks and uncertainties, many of which are beyond the control of the Company, and our future results of operations could differ materially from our historical results or current expectations reflected by such forward-looking statements. These risks and uncertainties include, without limitation: potential adverse reactions or changes to business relationships resulting from the completion of the transaction; the effects of disruption to our business; the effects of industry, market, economic, political or regulatory conditions outside of our control; transaction costs; our ability to achieve the benefits from the transaction, including the anticipated cash flow generation and customer relationships; our ability to promptly, efficiently and effectively integrate the vessels into our own operations; unknown liabilities; and the diversion of management time on integration-related issues. Other important factors that could cause actual results to differ materially from those in the forward-looking statements include: fluctuations in worldwide energy demand and oil and gas prices; fleet additions by competitors and industry overcapacity; limited capital resources available to replenish our asset base as needed, including through acquisitions or vessel construction, and to fund our capital expenditure needs; uncertainty of global financial market conditions and potential constraints in accessing capital or credit if and when needed with favorable terms, if at all; changes in decisions and capital spending by customers based on industry expectations for offshore exploration, field development and production; consolidation of our customer base; loss of a major customer; changing customer demands for vessel specifications, which may make some of our older vessels technologically obsolete for certain customer projects or in certain markets; rapid technological changes; delays and other problems associated with vessel maintenance; the continued availability of qualified personnel and our ability to attract and retain them; the operating risks normally incident to our lines of business, including the potential impact of liquidated counterparties; our ability to comply with covenants in our indentures and other debt instruments; acts of terrorism and piracy; the impact of regional or global public health crises or pandemics; the impact of potential information technology, cybersecurity or data security breaches; integration of acquired businesses and entry into new lines of business; disagreements with our joint venture partners; natural disasters or significant weather conditions; unsettled political conditions, war, civil unrest and governmental actions, such as expropriation or enforcement of customs or other laws that are not well developed or consistently enforced; risks associated with our international operations, including local content, local currency or similar requirements especially in higher political risk countries where we operate; interest rate and foreign currency fluctuations; labor changes proposed by international conventions; increased regulatory burdens and oversight; changes in laws governing the taxation of foreign source income; retention of skilled workers; enforcement of laws related to the environment, labor and foreign corrupt practices; increased global concern, regulation and scrutiny regarding climate change; increased stockholder activism; the potential liability for remedial actions or assessments under existing or future environmental regulations or litigation; the effects of asserted and unasserted claims and the extent of available insurance coverage; the resolution of pending legal proceedings; and other risks and uncertainties detailed in our most recent Form 10-K, Form 10-Qs and Form 8-Ks filed with or furnished to the Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of any such development changes), or should our underlying assumptions prove incorrect, actual results or outcomes may vary materially from those reflected in our forward-looking statements. Statements in this communication are made as of the date hereof, and the Company disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.

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2026-08-14 19:31 2mo ago
2026-08-14 14:03 2mo ago
Tidewater Midstream zvýšila výhled konsolidovaného upraveného EBITDA pro rok 2026
TDW Tidewater
FMP Stock News 92
Original source text
Tidewater Midstream and Infrastructure TSE: TWM raised its 2026 adjusted EBITDA outlook after reporting record second-quarter consolidated adjusted EBITDA, supported by strong refining and renewable diesel market conditions, higher facility utilization and debt reduction.

During a joint second-quarter call with Tidewater Renewables, CEO Jeremy Baines said the company’s Prince George Refinery and HDRD renewable diesel complex benefited from favorable fuel markets, while management continued to advance a sustainable aviation fuel project toward a potential final investment decision in the fourth quarter.

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Record EBITDA and Higher Guidance
CFO Ian Quartly said Tidewater’s consolidated adjusted EBITDA reached a quarterly record of C$88.9 million in the second quarter, up C$39.2 million from the first quarter of 2026.

Tidewater Renewables generated record adjusted EBITDA of C$56 million. Quartly said the result reflected above-nameplate operation at the HDRD complex, improving market pricing and offtake contracts indexed to U.S. import-pricing benchmarks. The result included C$7.7 million of expected Biofuel Production Incentive proceeds recognized in the quarter and C$7.7 million of adjusted EBITDA from the company’s equity investment in a cattle company, primarily reflecting higher cattle prices.

Tidewater Midstream generated deconsolidated adjusted EBITDA of C$32.9 million, an increase of C$7.3 million from the first quarter. Quartly attributed the improvement primarily to stronger crack spreads at the Prince George Refinery, partly offset by realized losses on crack-spread hedges.

The company increased its 2026 consolidated adjusted EBITDA guidance to between C$230 million and C$250 million, representing a 20% increase at the midpoint from its prior outlook. Tidewater Renewables increased its guidance to C$130 million to C$140 million, while Tidewater Midstream raised its deconsolidated adjusted EBITDA guidance to C$100 million to C$110 million.

Management cited higher facility utilization, sustained strength in forward crack spreads, and improved renewable diesel and emissions-credit pricing as the main drivers of the higher outlook. Forecast capital expenditures remained unchanged at C$2 million to C$3 million for Tidewater Renewables and C$20 million to C$25 million for Tidewater Midstream on a consolidated basis.

Refining and Renewable Diesel Operations
The HDRD complex processed a record average of 3,315 barrels per day during the second quarter, or 111% utilization, Baines said. Low-cost debottlenecking work and facility reliability enabled the complex to operate above nameplate capacity. The company also realized record margins on renewable diesel sold at U.S. import-parity pricing and captured an additional C$0.16 per liter from the Biofuel Production Incentive.

Natural Resources Canada conditionally approved Tidewater Renewables for the Biofuel Production Incentive program during the first quarter. The contribution agreement was executed July 7, securing funding aligned with the HDRD complex’s full annual production capacity. Baines said the company expects to receive C$13.8 million in first- and second-quarter cash contributions during the third quarter, followed by quarterly payments in arrears.

At the Prince George Refinery, average throughput was 10,032 barrels per day because of a planned 17-day partial outage in April for equipment cleaning and maintenance. Excluding the outage, throughput averaged 12,060 barrels per day, or 101% of design capacity.

The Prince George crack spread averaged C$118 per barrel in the second quarter, up 16% from the first quarter. Baines said global supply disruptions, reduced refining capacity in the Middle East and Russia, and low refined-product inventories supported market conditions.

The company had hedged about 50% of crack-spread exposure between April and December 2026. In the second half of July, it added hedges covering roughly 40% of 2027 crack-spread exposure at fixed prices that Baines said were significantly above mid-cycle pricing and 2026 realized hedge pricing. He said the company views about 50% as an appropriate general hedging level, while retaining flexibility to go above that level opportunistically.

Debt Reduction and Midstream Utilization
Consolidated net debt declined C$44.4 million during the quarter, including a C$30.9 million reduction at Tidewater Midstream and a C$13.5 million reduction at Tidewater Renewables. Tidewater Renewables reported debt to adjusted EBITDA of 1.47 times at June 30, while Tidewater Midstream reported 2.3 times. Consolidated leverage was 1.7 times, within the company’s 1.2-times to 2.5-times target range.

At the Brazeau River Complex, gas processing throughput averaged 105 million cubic feet per day, down 8% from the prior quarter due primarily to NGTL curtailments. Fractionation utilization fell to 76% from 90% in the first quarter. Baines said the company remains in discussions with prospective and existing customers to increase utilization.

The Ram River Gas Plant remained temporarily curtailed, though sulfur-handling operations continued. Baines said current sulfur prices are highly economic for sour-gas producers and that Tidewater intends to restart the plant when area production resumes.

SAF Project and Asset Sales
Tidewater Renewables continued to target a fourth-quarter final investment decision for its sustainable aviation fuel project. The company executed a new initiative agreement with British Columbia on June 19 that is expected to provide additional BC LCFS credits for critical pre-FID work. The company expects to receive credits in the third and fourth quarters as milestones are achieved.

Baines said a final investment decision depends on regulatory support, including anticipated amendments related to sustainable aviation fuel under the Clean Fuel Regulations and other Canadian support programs. He put the project’s capital cost at about C$1.2 billion and said it has a Class 3 front-end engineering and design package.

If sanctioned, the project would have a three-year construction period and be online in 2030, according to Baines. He said Tidewater believes it could fund the project through Part Three agreements and operating cash flow, while also considering a potential First Nations equity partner and other partnership alternatives.

Management said it will continue to pursue non-core asset sales, focusing on assets that do not fit its strategy or do not generate appropriate returns. The company said free cash flow from its disciplined capital program will primarily be directed toward debt reduction.

About Tidewater Midstream and Infrastructure (TSE:TWM)Tidewater Midstream and Infrastructure Ltd is a Canadian company that is engaged in providing midstream infrastructure and a natural gas storage facility. It mainly focuses on the purchase, sale, and transportation of Natural Gas Liquids (NGLs) such as propane and natural gasoline throughout North America and export to premium markets. The business activities of the company include gathering, processing, and transportation relates to raw gas gathering systems, processing plants and pipelines, NGL marketing and Extraction, refined products, and other activities.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Should You Invest $1,000 in Tidewater Midstream and Infrastructure Right Now?Before you consider Tidewater Midstream and Infrastructure, you'll want to hear this.

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2026-08-14 12:18 2mo ago
2026-08-14 07:05 2mo ago
Tidewater Renewables zvýšila výhled EBITDA po rekordním čtvrtletí
TDW Tidewater
FMP Stock News 92
Original source text
Tidewater Renewables TSE: LCFS reported record second-quarter adjusted EBITDA of C$56 million, supported by above-nameplate renewable diesel production, stronger pricing and contributions from Canada’s Biofuel Production Incentive program.

Chief Executive Officer Jeremy Baines said the company’s HDRD complex achieved record average daily throughput of 3,315 barrels per day in the quarter, representing 111% utilization. Low-cost debottlenecking projects and facility reliability allowed the complex to operate consistently above nameplate capacity, he said.

The performance came as the company sold renewable diesel at record margins under offtake contracts indexed to U.S. import-parity pricing. Tidewater also captured an additional C$0.16 per litre of margin through the Biofuel Production Incentive, according to Baines.

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Biofuel incentive agreement supports cash flow
Tidewater Renewables received conditional approval from Natural Resources Canada for the Biofuel Production Incentive during the first quarter. The company executed its contribution agreement on July 7, securing funding aligned with the HDRD complex’s full annual production capacity.

Baines said Tidewater expects to receive C$13.8 million in cash contributions covering the first and second quarters during the third quarter of 2026. Contributions are then expected quarterly in arrears.

CFO Ian Quartly said second-quarter adjusted EBITDA included C$7.7 million of expected Biofuel Production Incentive proceeds recognized during the period. The result also included C$7.7 million of adjusted EBITDA from Tidewater’s equity investment in a cattle company, primarily reflecting higher cattle prices.

SAF project targets fourth-quarter investment decision
The company continues to advance its sustainable aviation fuel project toward a final investment decision in the fourth quarter. On June 19, Tidewater executed a new initiative agreement with the Government of British Columbia that is intended to provide additional BC-LCFS credits for critical pre-final-investment-decision work.

The work includes engineering, regulatory advancement, preservation of vendor and fabrication capacity, and maintaining the project schedule, Baines said. Tidewater expects to receive the BC-LCFS credits in the third and fourth quarters as milestones are achieved.

In response to an analyst question, Baines said a final investment decision depends on a supportive regulatory environment, including targeted amendments under the Clean Fuel Regulations and other potential programs supporting Canada’s sustainable aviation fuel sector. He put the project’s estimated capital cost at about C$1.2 billion and said the company has completed a class 3 front-end engineering design study.

Baines said the project would have a three-year construction period and could enter service in 2030. Tidewater expects it could contribute funds from operating cash flow during construction and is also evaluating potential investment from a First Nations partner and other interested parties.

Guidance rises as leverage declines
Tidewater increased its 2026 adjusted EBITDA guidance for the renewables business to C$130 million to C$140 million. The company raised consolidated adjusted EBITDA guidance to C$230 million to C$250 million, up 20% at the midpoint from its prior outlook.

Quartly attributed the higher guidance to increased facility utilization, sustained strength in forward crack spreads, and improved renewable diesel and emissions-credit pricing. Forecast 2026 capital expenditures for Tidewater Renewables remain unchanged at C$2 million to C$3 million.

The company reduced Tidewater Renewables’ debt by C$13.5 million during the second quarter. Its debt-to-adjusted-EBITDA ratio was 1.47 times as of June 30, while the consolidated company’s ratio was 1.7 times, within its target range of 1.2 times to 2.5 times.

Quartly said the company intends to direct free cash flow primarily toward debt reduction while maintaining its disciplined capital program.

Broader Tidewater operations benefit from strong refining markets
Tidewater Midstream generated deconsolidated adjusted EBITDA of C$32.9 million in the second quarter, up C$7.3 million from the first quarter. The improvement was driven mainly by higher crack spreads at the Prince George Refinery, partly offset by realized losses on crack-spread hedges.

Prince George Refinery throughput averaged 10,032 barrels per day because of a planned 17-day partial outage in April. Excluding that outage, throughput averaged 12,060 barrels per day, or 101% of design capacity. The Prince George crack spread averaged C$118 per barrel, 16% higher than in the first quarter.

Tidewater has hedged about half of its crack-spread exposure from April through December 2026. It also added hedges during the second half of July covering approximately 40% of its 2027 crack-spread exposure at fixed prices that Baines said were significantly above mid-cycle pricing and 2026 realized hedge pricing.

Baines said Tidewater will continue pursuing non-core asset sales, prioritizing assets that do not fit its strategy or generate appropriate returns, while focusing on refinery and HDRD utilization, midstream volumes, commercial offtakes and the advancement of the sustainable aviation fuel project.

About Tidewater Renewables (TSE:LCFS)Tidewater Renewables is a multi-faceted, energy transition company. The Corporation is focused on the production of low carbon fuels, including renewable diesel and sustainable aviation fuel. The Corporation was created in response to the growing demand for renewable fuels in North America and to capitalize on its potential to efficiently turn a wide variety of renewable feedstocks (such as canola oil, soybean oil, used cooking oil, distillers corn oil, tallow, and other biomasses) into low carbon fuels.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Should You Invest $1,000 in Tidewater Renewables Right Now?Before you consider Tidewater Renewables, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tidewater Renewables wasn't on the list.

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2026-08-09 11:57 2mo ago
2026-08-09 06:04 2mo ago
Tidewater zvýšila tržby, zisk i výhled na celý rok
TDW Tidewater
FMP Stock News 86
Original source text
Oil’s Rally Could Boost These 3 Shipping StocksTidewater NYSE: TDW reported second-quarter 2026 results that exceeded its expectations, as higher day rates, stronger utilization and delayed dry dock activity lifted revenue and margins despite elevated operating costs tied to the Middle East conflict referred to as Operation Epic Fury.

Revenue rose to $342.3 million from $326.2 million in the first quarter, while net income totaled $21.7 million, or $0.43 per share. Gross margin was $160.5 million, representing a 46.9% margin, compared with 48.8% in the prior quarter. Adjusted EBITDA increased to $133.8 million from $129.3 million.

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3 Dependable Stocks Ready to Dominate Your PortfolioPresident and CEO Quintin Kneen said revenue and gross margin both exceeded company expectations. The quarter benefited from higher rates and utilization, including the timing shift of dry docks for seven vessels from the second quarter into later periods. Excluding $6.8 million of expenses associated with Operation Epic Fury, Tidewater said gross margin would have been about 49%.

Day Rates and Utilization Improve Tidewater’s weighted average leading-edge day rate increased approximately 7.5% sequentially during the quarter. The company entered 25 turn contracts with an average duration of about 12 months.

Watch for Tech Giants to Boost Share Buybacks in 2024Active utilization improved to 81.4% from 80.6% in the first quarter, while average day rates increased about 3%. Chief Financial Officer Sam Rubio said the company’s operational performance was supported by stronger demand, better-than-expected uptime and the movement of dry dock work into the second half of the year.

Europe and the Mediterranean were particularly strong. Gross margin in that segment increased by 8 percentage points sequentially, aided by an 8 percentage-point improvement in utilization and an 11% rise in day rates. In the North Sea, large anchor-handling tug supply vessel spot rates averaged above GBP 160,000 per day, with some fixtures completed above GBP 200,000 per day, according to Chief Operating Officer Piers Middleton.

Middle East utilization and day rates also improved despite the conflict, though higher costs reduced segment margins. Tidewater did not experience vessel off-hire related to Operation Epic Fury, Kneen said.

Conflict Costs Remain a Near-Term Headwind Tidewater incurred approximately $6.8 million in additional second-quarter costs related to Operation Epic Fury, bringing year-to-date conflict-related costs to about $9.2 million through June 30. The costs included insurance, higher crew wages, fuel and travel expenses.

Rubio said fuel expense rose more than 50% sequentially in the second quarter. The company has taken steps to limit war-related pay owed to mariners working in affected areas, which resulted in lower-than-expected crew costs during the latter half of the quarter.

The company expects about $4 million of conflict-related costs in the third quarter. It is contractually permitted to seek reimbursement from customers for direct conflict-related costs, including war insurance and crew wages. Tidewater said those direct costs totaled approximately $5 million through the second quarter; it had invoiced nearly $1 million and collected less than $100,000. No reimbursements were included in guidance.

Kneen said Tidewater is working to reduce costs through changes in personnel and insurance arrangements, while continuing to pursue customer reimbursements. He added that activity in the region remains largely unaffected and that management expects a potential increase in work once the conflict is resolved.

Wilsons Closing Expected Around Sept. 1 Tidewater now expects to close its acquisition of Wilson Sons around Sept. 1, following completion of required regulatory steps and change-of-control waivers related to the assumed debt. The company is working with banks to finalize documentation for the debt transfer and has deployed personnel to support pre-closing integration planning.

The later-than-anticipated closing date prompted a revision to full-year guidance because Tidewater will lose roughly two months of Wilson Sons revenue that had previously been expected in 2026. The company expects to pay approximately $270 million in cash for the equity component of the acquisition and plans to use cash on hand rather than its revolving credit facility.

Tidewater ended the second quarter with net debt essentially at zero and liquidity of more than $850 million. It expects net leverage to rise to approximately 0.8 times following the Wilson Sons transaction.

Free cash flow nearly doubled sequentially to $64.4 million in the second quarter from $34.4 million in the first quarter. Rubio attributed the increase primarily to lower dry dock spending, proceeds from the sale of two vessels and lower working-capital use.

Updated 2026 Outlook Tidewater revised its 2026 revenue guidance to a range of $1.42 billion to $1.47 billion and maintained a full-year gross margin outlook of 49% to 50%. The guidance incorporates the expected September closing of Wilson Sons and additional conflict-related costs during the third quarter.

Third-quarter revenue is expected to increase about 3%, including one month of Wilson Sons revenue. Legacy Tidewater revenue is expected to decline about 2% sequentially, reflecting dry docks and higher-than-anticipated repair downtime. Third-quarter gross margin is expected to be about 46%. Approximately 69% of remaining available 2026 days are covered by firm backlog and options, including the Wilson Sons fleet. Full-year guidance assumes utilization of about 80%, leaving roughly 11% of capacity available for additional charters if markets tighten faster than expected. Kneen said the company sees a realistic path to average day-rate increases of $3,000 to $4,000 per day in both 2027 and 2028. He cited rising tendering and pre-tendering activity, limited vessel supply and growing energy-security considerations among customers.

While Tidewater has not repurchased shares this year ahead of the Wilson Sons closing, its $500 million repurchase authorization remains available. Management said it will continue to weigh buybacks against acquisitions, focusing on transactions that offer strategic benefits and immediate value rather than pursuing scale alone.

About Tidewater (NYSE:TDW)Tidewater Inc is a leading global provider of offshore marine support vessels, serving the energy sector with a focus on the oil and gas industry. Headquartered in Houston, Texas, the company operates a diverse fleet of platform supply vessels (PSVs), anchor handling tug supply vessels (AHTSs), crew boats and other specialized vessels designed to support offshore drilling, production and construction activities.

The company's fleet is equipped to handle a range of maritime services, including the transport of personnel, equipment and bulk materials; anchor handling and mooring operations; and subsea construction support.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Should You Invest $1,000 in Tidewater Right Now?Before you consider Tidewater, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tidewater wasn't on the list.

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2026-08-04 02:01 2mo ago
2026-08-03 19:46 2mo ago
Tidewater překonala odhady zisku i tržeb
TDW Tidewater
FMP Stock News 78
Original source text
Tidewater (TDW - Free Report) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $1.23 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +34.38%. A quarter ago, it was expected that this offshore energy services provider would post earnings of $0.75 per share when it actually produced earnings of $0.12, delivering a surprise of -84%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Tidewater, which belongs to the Zacks Oil and Gas - Integrated - United States industry, posted revenues of $342.29 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 5.02%. This compares to year-ago revenues of $341.43 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Tidewater shares have added about 48.6% since the beginning of the year versus the S&P 500's gain of 9.4%.

What's Next for Tidewater?While Tidewater has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Tidewater was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.52 on $400.19 million in revenues for the coming quarter and $3.52 on $1.45 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Integrated - United States is currently in the bottom 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Prairie Operating Co. (PROP - Free Report) , is yet to report results for the quarter ended June 2026.

This company is expected to post quarterly earnings of $0.02 per share in its upcoming report, which represents a year-over-year change of -88.9%. The consensus EPS estimate for the quarter has been revised 3% lower over the last 30 days to the current level.

Prairie Operating Co.'s revenues are expected to be $108.22 million, up 58.9% from the year-ago quarter.