• Tidewater posted net income attributable to shareholders of USD 6.14 million, down 97% from prior quarter, as revenue slipped 3% to USD 326.22 million.
• Operating income fell 8% to USD 58.98 million; total utilization eased 0.9 percentage points to 77.7% as average day rates rose 1.1% to USD 22,283.
• Cash and cash equivalents totaled USD 555.1 million, with USD 250 million of undrawn borrowing capacity under revolving credit facility; net cash provided by operating activities was USD 19.2 million.
• Agreed to buy Wilson Sons Ultratug Participações and affiliate Atlantic Offshore Services for USD 500 million cash, with assumed debt of about USD 239.7 million as of March 31, 2026; closing expected late second quarter of 2026.

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 via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-014662), on May 04, 2026, and is solely responsible for the information contained therein.