Tidewater Inc. Series A
TDW-WTA
New York Stock Exchange2.58
USD
+1.25
- -
Tidewater Inc. Series A
TDW-WTA
(New York Stock Exchange)
Recent
price
2.58
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Tidewater Inc. operates as a global provider of offshore support vessels and related marine services primarily for the oil and gas industry, as well as the offshore wind energy sector. The company’s core products include a fleet of offshore support vessels categorized as platform supply vessels (PSVs), anchor handling tug supply vessels (AHTS), and other specialized vessels that support offshore energy exploration, production, and generation activities. Tidewater’s services encompass vessel operations for transportation of goods, equipment, and personnel to offshore platforms and wind farms worldwide. The company serves a broad geographic market including the Americas, Europe, Africa, and Asia, with a significant presence in offshore oil and gas fields and expanding operations in offshore renewable energy sectors. Founded in 1956 and headquartered in Houston, Texas, Tidewater maintains one of the largest and most diverse fleets in the offshore vessel industry. Recently, Tidewater has made substantial strategic acquisitions to bolster its market position and fleet capabilities. A significant development includes the 2023 acquisition of 37 high-specification platform supply vessels from Solstad Offshore ASA for approximately $577 million, expanding Tidewater's fleet to the world’s largest hybrid offshore support vessel fleet, including battery hybrid and LNG-capable vessels. This acquisition enhances the company’s ability to provide environmentally sustainable marine services. Additionally, in 2022, Tidewater completed the acquisition of Swire Pacific Offshore Holdings, adding 50 vessels and establishing itself as the leading offshore support vessel operator globally. The company has also pursued expansions focused on acquisition opportunities in the Americas to complement its previously Europe, Africa, and Asia-focused portfolio. Furthermore, Tidewater has implemented a $500 million share repurchase program approved in 2025, demonstrating confidence in the company’s valuation and future prospects. Tidewater operates primarily within the energy sector's shipping and marine services industry, targeting upstream offshore oil and gas operators and offshore wind energy developers as key customers. Its product lineup specifically addresses the complex logistical needs of offshore platforms requiring specialized vessels for supply, anchor handling, and towing services. Tidewater also differentiates itself by investing in environmentally advanced vessel technologies and sustainable operations. The company's major subsidiaries include entities managing acquired fleets such as those from Solstad and Swire Pacific Offshore. Its Series A preferred shares, traded under ticker TDW-WTA, form part of its broader capital structure supporting fleet expansion and operational funding. Overall, Tidewater Inc. represents a leading integrated marine service provider in the global offshore energy market, continuously evolving through strategic acquisitions, fleet modernization, and targeting new energy segments such as offshore wind while maintaining core operations that support traditional oil and gas exploration and production worldwide. The company’s operational expertise, vessel diversity, and geographic reach underpin its competitive positioning in the offshore support vessel industry.