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.
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.
Tidewater 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.
| Energy Equipment & Services Industry | Energy Sector | Quintin V. Kneen CEO | XMUN Exchange | US88642R1095 ISIN |
| US Country | 7,300 Employees | 30 Dec 2020 Last Dividend | 1 Aug 2017 Last Split | 30 Dec 1987 IPO Date |
Tidewater Inc., founded in 1956 and based in Houston, Texas, is a leading provider of offshore support vessels and marine services to the global offshore energy industry. The company operates an extensive fleet of marine service vessels worldwide, offering a range of services to support offshore oil and gas exploration, field development, production, and wind farm development and maintenance. Tidewater Inc. serves a diverse clientele, including integrated and independent oil and gas companies, offshore drilling contractors, offshore construction and windfarm development entities, as well as government-owned or controlled organizations and other related companies.
This service includes the towing of drilling units and handling their anchors, which is crucial for the positioning and securing of these units at drilling sites.
Tidewater provides essential logistic support by transporting supplies and personnel necessary to sustain drilling, workover, and production activities offshore, ensuring the smooth operation of energy exploration and production.
The company supports offshore construction projects and seismic research efforts with specialized vessels, aiding in the installation of infrastructures and the gathering of data for exploring energy sources beneath the sea floor.
Offering geotechnical survey support, Tidewater plays a critical role in the prep work for windfarm construction, assessing the suitability of seabed and environmental conditions.
These services cover a wide range of specialized needs such as pipe and cable laying essential for communications and power transmission in offshore setups, enhancing the infrastructure of offshore energy projects.
Vessels designed for towing and anchor handling, vital for the positioning and relocation of offshore platforms.
Ships that transport supplies to and from offshore rigs, including food, water, equipment, and personnel.
Fast transport vessels designed for quick personnel transfers, ensuring crews are efficiently shuttled between shore and offshore sites.
Multi-purpose vessels used for a wide range of support activities in offshore operations, from safety services to maintenance tasks.
Strong, robust vessels used for towing large structures like platforms or barges, crucial for construction and decommissioning phases.