Tidewater Inc. reported revenue of $341.1 million for the third quarter of 2025, a 0.2% increase compared to the same period in 2024. Net loss for the quarter was $0.8 million, while adjusted EBITDA reached $137.9 million. The company attributed a $27.1 million loss on early extinguishment of debt to its July 2025 refinancing. For the nine months ended September 30, 2025, revenue totaled $1,016.0 million, compared to $1,000.8 million for the same period in 2024. Net income for the nine months was $114.8 million, down from $143.8 million a year earlier. Tidewater updated its 2025 revenue guidance to $1.33 to $1.35 billion with a gross margin forecast of 49% to 50%, and introduced 2026 revenue guidance of $1.32 to $1.37 billion with gross margin guidance of 48% to 50%. The company reported $72.1 million in net cash provided by operating activities and $82.7 million in free cash flow for the quarter. A share repurchase program authorization of $500 million remains outstanding.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tidewater Inc. published the original content used to generate this news brief on November 10, 2025, and is solely responsible for the information contained therein.
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