Equity Profile

TDW

Tidewater Inc.

EnergyOil & Gas Equipment & Services$3.7B

Aug3Mon

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Tidewater Inc. (TDW) operates in the energy sector, specifically providing services and equipment for the oil and gas industry....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of a company's profitability and will indicate how well Tidewater is managing its costs and generating revenue.

N/A

Revenue Growth

Revenue trends will provide insight into demand for Tidewater's services and the overall health of the oil and gas sector.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

TDW Q2-2026 Earnings Preview

Context

Company Snapshot

Tidewater Inc. (TDW) operates in the energy sector, specifically providing services and equipment for the oil and gas industry. As a key player in this sector, its performance can be influenced by global oil prices, demand for energy services, and technological advancements in energy extraction and transportation.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+120.22%

Avg Stock Reaction

+1.12%

Last Quarter Recap

In Q1-2026, Tidewater reported an EPS of $0.12, significantly missing analyst expectations of $0.75. This marked a disappointing performance compared to previous quarters.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for Tidewater's upcoming earnings are cautious, especially after a significant miss last quarter. Investors are looking for signs of recovery or improvement in operational efficiency.

Bull Case

If Tidewater can demonstrate strong revenue growth and improved margins, it may signal a rebound in demand for its services, leading to a positive market reaction.

Bear Case

Conversely, if Tidewater reports another disappointing quarter with weak revenue and margins, it could lead to further declines in stock price and investor confidence.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

Given the significant miss last quarter, investors will closely scrutinize EPS to gauge Tidewater's recovery and operational efficiency.

How has revenue changed compared to the previous quarter?

Revenue trends are crucial for understanding demand for Tidewater's services and the overall health of the oil and gas market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Tidewater's ability to rebound from its last quarter's miss, as operational improvements could lead to better-than-expected results.

Supporting Evidence

Despite a significant miss last quarter, Tidewater has a history of strong rebounds following poor performance.

Options pricing suggests a larger move than historical averages, indicating potential for a surprise.

The company's operational adjustments may not yet be fully reflected in market expectations.

Key Risk

If EPS comes in above $0.75, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's results will be pivotal in determining whether Tidewater can recover from recent performance issues and capitalize on market opportunities.

Bull Confirmed If

An EPS of $0.75 or higher would confirm a strong recovery and operational efficiency.

Bear Confirmed If

An EPS below $0.12 would reinforce concerns about demand and operational challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±24.6%

Historical Avg

±2.0%

Pricing rich

The options market is pricing in a significant potential move in either direction, indicating uncertainty about the upcoming earnings report.

Options are pricing ±24.6% while TDW has averaged ±2.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

39.7%

Calls (3K)P/C Ratio: 0.07Puts (1K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing rich setup in Energy

n=30

Fade rate: 17 of 29 (59%)

This setup has occurred 30 times across Energy in the last 2 years. 17 of 29 faded and 12 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 3.5%, with a raw directional average of -0.0% (roughly flat historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Tidewater beats expectations, history suggests a potential stock increase of around 1.07%, confirming a positive turnaround narrative.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting ongoing uncertainty in the market.

Miss

A miss could lead to a decline of about 1.24%, further eroding investor confidence and raising concerns about future performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on operational efficiency improvements.
2Details on revenue growth trends compared to the previous quarter.
3Management's outlook on market demand for oil and gas services.
4Insights into cost management strategies and their impact on margins.
5Any commentary on long-term strategic initiatives or partnerships.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

Aug3

ONBMO

ON Semiconductor Corporation

PreviewView

Aug3

LBMO

Company Snapshot

Tidewater Inc. (TDW) operates in the energy sector, specifically providing services and equipment for the oil and gas industry....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of a company's profitability and will indicate how well Tidewater is managing its costs and generating revenue.

N/A

Revenue Growth

Revenue trends will provide insight into demand for Tidewater's services and the overall health of the oil and gas sector.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

TDW Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+120.22%

Avg Stock Reaction

+1.12%

Last Quarter Recap

In Q1-2026, Tidewater reported an EPS of $0.12, significantly missing analyst expectations of $0.75. This marked a disappointing performance compared to previous quarters.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Tidewater can demonstrate strong revenue growth and improved margins, it may signal a rebound in demand for its services, leading to a positive market reaction.

Bear Case

Conversely, if Tidewater reports another disappointing quarter with weak revenue and margins, it could lead to further declines in stock price and investor confidence.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

Given the significant miss last quarter, investors will closely scrutinize EPS to gauge Tidewater's recovery and operational efficiency.

How has revenue changed compared to the previous quarter?

Revenue trends are crucial for understanding demand for Tidewater's services and the overall health of the oil and gas market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Tidewater's ability to rebound from its last quarter's miss, as operational improvements could lead to better-than-expected results.

Supporting Evidence

Despite a significant miss last quarter, Tidewater has a history of strong rebounds following poor performance.

Options pricing suggests a larger move than historical averages, indicating potential for a surprise.

The company's operational adjustments may not yet be fully reflected in market expectations.

Key Risk

If EPS comes in above $0.75, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's results will be pivotal in determining whether Tidewater can recover from recent performance issues and capitalize on market opportunities.

Bull Confirmed If

An EPS of $0.75 or higher would confirm a strong recovery and operational efficiency.

Bear Confirmed If

An EPS below $0.12 would reinforce concerns about demand and operational challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±24.6%

Historical Avg

±2.0%

Pricing rich

The options market is pricing in a significant potential move in either direction, indicating uncertainty about the upcoming earnings report.

Options are pricing ±24.6% while TDW has averaged ±2.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

39.7%

Calls (3K)P/C Ratio: 0.07Puts (1K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing rich setup in Energy

n=30

Fade rate: 17 of 29 (59%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Tidewater beats expectations, history suggests a potential stock increase of around 1.07%, confirming a positive turnaround narrative.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting ongoing uncertainty in the market.

Miss

A miss could lead to a decline of about 1.24%, further eroding investor confidence and raising concerns about future performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on operational efficiency improvements.
2Details on revenue growth trends compared to the previous quarter.
3Management's outlook on market demand for oil and gas services.
4Insights into cost management strategies and their impact on margins.
5Any commentary on long-term strategic initiatives or partnerships.