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Tidewater TDW Middle East1 — Direct Operating Costs

Other segment segments

Europe And Mediterranean
$50.38M+18.4%
Americas1
$33.87M-3.3%
West Africa
$31.69M-12.1%
Asia Pacific1
$23.35M-12.9%

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Other financials

Income statement

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Revenue$326.2M-2.2%
Operating income$70.6M-9.2%
Net income$6.0M-92.9%
EPS (diluted)$1.66+95.3%

Balance sheet

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Cash & equivalents$552.3M+61.6%
Total debt$654.4M+2.9%
Total equity$1.4B+22.9%
Total assets$2.3B+13.3%

Cash flow

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Operating cash flow$19.2M-76.1%
CapEx$14.9M+45.0%
Free cash flow$4.3M-93.9%

Valuation

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Market cap$4.06B+33.0%
Enterprise value$4.16B+25.8%
P/E15.8×+3.9×
P/S+0.8×

Profitability

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Operating margin20.9%-2.2pp
Net margin19.1%+3.0pp
FCF margin21.4%+0.7pp

Returns & leverage

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Return on equity20.7%+0.5pp
Debt / equity0.5×-0.1×
Current ratio3.3×+1.3×

Where this comes from

Reported directly by Tidewater in its filing.

Tagged under the XBRL concept us-gaap:DirectOperatingCosts.

The source filing: Tidewater’s 10-Q, filed May 4, 2026.

Filed
May 4, 2026, 4:24 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001437749-26-014662
(In Thousands)Three Months Ended / March 31, 2026Three Months Ended / March 31, 2025
Insurance763529
Fuel, lube and supplies2,6842,039
Other4,0754,588
Total vessel operating costs26,90524,536
General and administrative expense2,2772,937
Depreciation and amortization9,7597,266
Vessel operating profit6,6288,563
Additions to properties and equipment$4,343$854

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FAQ

What is Tidewater's middle east1 — direct operating costs?
Tidewater (TDW) reported middle east1 — direct operating costs of $26.91M in Q1 2026.
How has Tidewater's middle east1 — direct operating costs changed year-over-year?
Tidewater's middle east1 — direct operating costs increased by 9.7% year-over-year, from $24.54M to $26.91M.
What is the long-term trend for Tidewater's middle east1 — direct operating costs?
Over 3 years (2022 to 2025), Tidewater's middle east1 — direct operating costs has grown at a 10.1% compound annual growth rate (CAGR), from $78.11M to $104.28M.
What does middle east1 — direct operating costs mean?
The aggregate of all direct expenses incurred to maintain and operate the vessel fleet within the Middle East segment. This is a key measure of the segment's cost structure and operational efficiency in supporting offshore energy projects.

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