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Tidewater TDW West Africa — Direct Operating Costs

Other segment segments

Europe And Mediterranean
$50.38M+18.4%
Americas1
$33.87M-3.3%
Middle East1
$26.91M+9.7%
Asia Pacific1
$23.35M-12.9%

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EXPDEurope — Direct Operating Costs
$282.07M+3.8%
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$16M+33.3%
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HPOffshore Solutions — Direct operating expenses
$144.5M+17.6%
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EXPDOther North America — Direct Operating Costs
$81.29M+11.1%

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$3.3B+90.4%

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 official record: Tidewater’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Tidewater's west africa — direct operating costs?
Tidewater (TDW) reported west africa — direct operating costs of $31.69M in Q1 2026.
How has Tidewater's west africa — direct operating costs changed year-over-year?
Tidewater's west africa — direct operating costs decreased by 12.1% year-over-year, from $36.06M to $31.69M.
What is the long-term trend for Tidewater's west africa — direct operating costs?
Over 3 years (2022 to 2025), Tidewater's west africa — direct operating costs has grown at a 11.5% compound annual growth rate (CAGR), from $108.09M to $149.66M.
What does west africa — direct operating costs mean?
The aggregate of all direct expenses incurred to operate the vessel fleet within the West Africa segment, excluding corporate overhead and depreciation. This is a primary indicator of the operational cost structure and regional profitability potential.