Tidewater (TDW)

Tidewater owns and operates the largest fleet of Offshore Support Vessels in the industry, with over 60 years of experience supporting offshore energy exploration and production activities worldwide.

Company profile

Ticker

TDW, TDGMW, TDW-WTB, TDW-WT, TDW-WTA

Exchange

NYSE

Website

www.tdw.com

CEO

Quintin Venable Kneen

Incorporated

Delaware

Location

Texas

Fiscal year end

Dec 31

Sector

Transportation and Warehousing > Deep Sea Freight Transportation

Industry (SIC)

Water Transportation

Carnival • Carnival Corp. • Royal Caribbean • NCL • Norwegian Cruise Line • Seapeak • Altera Infrastructure • Kirby • Golar Lng • International Seaways ...

SEC CIK

0000098222

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

3291361 Nova Scotia ULC • Al Wasl Marine LLC • Antilles Marine Service Limited • Arabia Shipping Limited • Arrendadora de Naves del Golfo, S.A. de C.V. • Chalvoyage (M) Sdn. Bhd. • Compania Marítima de Magallanes Limitada • Divetide Limited • DTDW Holdings Limited • DTDW Marine Services B.V. ...

IRS number

720487776

TDW stock data

1M 1Y 5Y

News

From Benzinga Pro

Tidewater Priced 3.52M Share Public Offering of Common Stock @$17.85/Share

10 Aug 22

Tidewater Inc. (NYSE: TDW) (the "Company" or "Tidewater") today announced the pricing of its registered underwritten public offering of 3,520,000 shares of its common stock at a public offering price of $17.85 per share.

Earnings Scheduled For August 4, 2022

4 Aug 22

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16 May 22

Mid-Morning Market Update: Markets Open Lower; Dow Drops 70 Points

16 May 22

Press releases

From Benzinga Pro

Tidewater Announces Pricing of Public Offering of Common Stock

10 Aug 22

Tidewater Inc. (NYSE:TDW) (the "Company" or "Tidewater") today announced the pricing of its registered underwritten public offering of 3,520,000 shares of its common stock at a public offering price of $17.85 per share.

Tidewater Announces Proposed Public Offering of Common Stock

9 Aug 22

Tidewater Inc. (NYSE:TDW) (the "Company" or "Tidewater") today announced the commencement of a registered underwritten public offering of up to 3,520,000 shares of its common stock. In addition, the Company intends to

Tidewater Reports Results for the Three and Six Months Ended June 30, 2022

4 Aug 22

Completed Acquisition of Swire Pacific Offshore Adjusted EBITDA Increased From $8.7 million to $39.1 million Compared to the Second Quarter of 2021 Average Day Rate Increases to $12,544; Up 17% sequentially;

Tidewater Announces Earnings Conference Call

29 Jul 22

Tidewater Announces Publication of 2021 Sustainability Report

18 May 22

Calendar

4 Aug 22

12 Aug 22

31 Dec 22

Financial summary

Financial statements Chart TDW financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	89.22M	89.22M	89.22M	89.22M	89.22M	89.22M
Cash burn (monthly)	17.32M	5.39M	6.13M	7.7M	7.2M	2.4M
Cash used (since last report)	24.82M	7.73M	8.79M	11.03M	10.32M	3.44M
Cash remaining	64.4M	81.49M	80.43M	78.19M	78.9M	85.78M
Runway (months of cash)	3.7	15.1	13.1	10.2	11.0	35.8

Beta Read what these cash burn values mean

Financial data from Tidewater earnings reports.

Recent insider trades

TDW insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
10 Aug 22	Robert Robotti	Common Stock, $0.001 Par Value Per Share	Buy	Acquire P	Yes	No	17.85	208,858	3.73M	2,669,271
10 Aug 22	Robert Robotti	Common Stock, $0.001 Par Value Per Share	Buy	Acquire P	Yes	No	17.85	351,366	6.27M	2,460,413
9 Aug 22	Robert Robotti	Common Stock, $0.001 Par Value Per Share	Buy	Acquire P	Yes	No	17.85	208,858	3.73M	2,669,271
9 Aug 22	Robert Robotti	Common Stock, $0.001 Par Value Per Share	Buy	Acquire P	Yes	No	17.85	351,366	6.27M	2,669,271
1 Jul 22	Robert Robotti	Common Stock, $0.001 Par Value Per Share	Grant	Acquire A	Yes	No	20.95	572	11.98K	2,109,047
1 Jul 22	Rigdon Larry T	Common Stock	Grant	Acquire A	No	No	0	1,467	0	87,109
1 Jul 22	Anderson Darron M.	Common Stock	Grant	Acquire A	No	No	0	143	0	40,258

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

TDW institutional ownership history Ownership history

83.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	111	106	+4.7%
Opened positions	30	12	+150.0%
Closed positions	25	11	+127.3%
Increased positions	24	28	-14.3%
Reduced positions	37	37	–

13F shares	Current	Prev Q	Change
Total value	734.96M	771.47M	-4.7%
Total shares	34.98M	36.62M	-4.5%
Total puts	108.1K	0	NEW
Total calls	255.1K	17.9K	+1325.1%
Total put/call ratio	0.4	–	–

Largest owners	Shares	Value	Change
TROW T. Rowe Price	7.75M	$168.45M	-0.1%
Ravenswood Investment	2.89M	$37.07M	0.0%
BLK Blackrock	2.7M	$58.6M	-2.5%
Moerus Capital Management	2.67M	$58.11M	+15.6%
Robert Robotti	2.59M	$56.23M	-11.4%
AIG American International	2.36M	$51.34M	-0.1%
Vanguard	2.22M	$48.17M	+6.5%
Third Avenue Management	2.11M	$45.78M	+1.0%
Dimensional Fund Advisors	1.08M	$23.39M	+12.7%
NYL Investors	970.61K	$21.1M	0.0%

Largest transactions	Shares	Bought/sold	Change
Flat Footed	0	-740.42K	EXIT
GS Goldman Sachs	593.24K	-661.77K	-52.7%
State Farm Mutual Automobile Insurance	0	-527.55K	EXIT
Moerus Capital Management	2.67M	+360.43K	+15.6%
Robert Robotti	2.59M	-331.47K	-11.4%
Condire Management	354.14K	-291.39K	-45.1%
O'Keefe Stevens Advisory	0	-264.25K	EXIT
STT State Street	963.15K	+153.12K	+18.9%
D. E. Shaw & Co.	169.77K	+151.87K	+848.6%
Vanguard	2.22M	+135.98K	+6.5%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: Absent, agreed, arrangement, Atlantic, audited, Australia, Banyan, Bermuda, chairman, commonly, conducted, conflict, consent, continent, count, discharge, Dubai, European, exposure, face, goodwill, indemnify, indemnity, invaded, invasion, iv, Larry, lead, legacy, line, maker, manifest, Matthew, medium, metric, Mexican, military, modest, NATO, North, option, owed, parent, PEMEX, rata, replaced, residual, resource, reversal, Rigdon, robust, Russia, seller, settle, Singapore, son, split, supplier, threatened, Treaty, Ukraine, version

Removed: decline, discount, employed, fourth, fully, inflation, long, maintained, mitigate, program, realization, recover, remained, reserved, retention, unconsolidated, weaker

From filing 10-Q 2022 Q2

Financial reports

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