Tidewater (TDW) Misses Q2 EPS by 21c

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Go back to Tidewater (TDW) Misses Q2 EPS by 21c

Tidewater Reports Results for the Three and Six Months Ended June 30, 2023

August 7, 2023 4:19 PM EDT

Second Quarter 2023 Highlights

Revenue of $215.0 million, an 11.3% increase from the first quarter of 2023 Average day rate increased to $16,042 per day, $1,418 higher than the first quarter of 2023 Net income of $22.6 million, an increase of nearly $12.0 million from the first quarter of 2023 Adjusted EBITDA of $72.0 million, an increase of $12.9 million from the first quarter of 2023 Composite Q2 2023 leading-edge term contract day rate up 10.9% to $23,498 Completed Solstad acquisition on July 5, 2023; 5 vessels fully integrated, full-fleet integration by Q4 2023 Received $111.5 million... More