Tidewater Inc (N:TDW)

Business Focus: Oil Related Services and Equipment

Sector:  Energy Industry:  Oil Related Services and Equipment
 
See Regulatory Filings on SEC
Company Contact
Address: 842 West Sam Houston Parkway North
Suite 400
HOUSTON TX 77024
Tel: N/A
Website: https://www.tdw.com
IR: See website
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Key People
Quintin V. Kneen
President, Chief Executive Officer, Director
Samuel R. Rubio
Chief Financial Officer, Executive Vice President
David E. Darling
Chief Operating Officer, Executive Vice President
Daniel Allen Hudson
Executive Vice President, General Counsel, Company Secretary
   
Business Overview
Tidewater Inc. is an owner and operator of offshore support vessels providing offshore energy transportation services worldwide. The Company's segments include Americas, Asia Pacific, Middle East, Europe/Mediterranean and West Africa. Its vessels and associated services support all phases of offshore crude oil and natural gas (also referred to as oil and gas) exploration activities, field development, production and maintenance, as well as windfarm development and maintenance. Its services include transporting supplies and personnel necessary to sustain drilling, workover, production activities, field abandonment, dismantlement and restoration activities; offshore construction and seismic and subsea support; geotechnical survey support for windfarm construction, and a variety of other specialized services such as pipe and cable laying. The Company offers a diversified fleet of offshore service vessels (OSV or vessels), with around 217 vessels serving customers in over 30 countries.
Financial Overview
For the fiscal year ended 31 December 2023, Tidewater Inc revenues increased 56% to $1.01B. Net income totaled $97.2M vs. loss of $21.7M. Revenues reflect Europe/Mediterranean Sea segment increase of 78% to $230.2M, Americas segment increase of 62% to $237.2M, West Africa segment increase of 44% to $274M, Europe/Mediterranean Sea segment increase of 78% to $230.2M, Americas segment increase of 62% to $237.2M.
Employees: 7,300 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $5,368M as of Mar 31, 2024
Annual revenue (TTM): $1,010M as of Mar 31, 2024
EBITDA (TTM): $353.85M as of Mar 31, 2024
Net annual income (TTM): $97.19M as of Mar 31, 2024
Free cash flow (TTM): $73.12M as of Mar 31, 2024
Net Debt Last Fiscal Year: $460.00M as of Mar 31, 2024
Shares outstanding: 52,271,097 as of Feb 15, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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