Equity Profile

TDW

Tidewater Inc.

EnergyOil & Gas Equipment & Services$3.6B

Aug3Mon

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Tidewater Inc. (TDW) operates in the energy sector, specifically focusing on oil and gas equipment and services....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to increase sales and expand its market presence, which is vital for long-term success.

N/A

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 focusing on oil and gas equipment and services. As a major player in offshore support services, the company is crucial for the energy industry's operations, especially as global demand for energy continues to evolve.

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 expectations of $0.75, resulting in an 84% negative surprise. The stock reacted with a slight decline of 0.88% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic about Tidewater's upcoming earnings, especially after a disappointing Q1. The market is looking for signs of recovery in profitability and revenue.

Bull Case

If Tidewater can demonstrate a rebound in EPS and revenue, it could indicate strong operational performance and increased demand for its services, leading to a positive stock reaction.

Bear Case

Conversely, if the company fails to show improvement or provides weak guidance, it may lead to further declines in stock price, reflecting ongoing concerns about market conditions.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected EPS for Q2 2026?

Given the significant miss in Q1, the market will closely watch for any signs of recovery in earnings.

How has revenue changed compared to the previous quarter?

Changes in revenue will indicate the company's ability to adapt to market conditions and drive growth.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating Tidewater's ability to rebound from its recent earnings miss, especially given the volatility in oil prices and demand for offshore services.

Supporting Evidence

Options are pricing a 24.63% move, indicating expectations for significant volatility that may not align with historical performance.

The company's historical beat rate of 75% suggests a stronger underlying performance than the current consensus reflects.

Key Risk

If EPS exceeds $0.75, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter is pivotal for Tidewater as it seeks to recover from a significant earnings miss and demonstrate improved financial performance.

Bull Confirmed If

An EPS of $0.75 or higher would confirm a strong recovery and bolster investor confidence.

Bear Confirmed If

An EPS below $0.12 would signal ongoing struggles and could lead to a negative market reaction.

Pre-Earnings Positioning

Options Market

Implied Move

±24.63%

Historical Avg

±2.0%

Pricing rich

The options market is pricing in a significant potential move, indicating that traders expect volatility around the earnings announcement.

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 the stock could rise by around 1.07%, confirming a positive turnaround narrative.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await clearer guidance.

Miss

A miss could lead to a decline, with historical patterns suggesting an average drop of 1.24% following such outcomes.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on operational efficiency improvements.
2Details on contracts won or lost in the last quarter.
3Management's outlook on oil and gas market trends.
4Insights into cost management strategies.
5Any commentary on future capital expenditures.

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

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Company Snapshot

Tidewater Inc. (TDW) operates in the energy sector, specifically focusing on oil and gas equipment and services....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to increase sales and expand its market presence, which is vital for long-term success.

N/A

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 expectations of $0.75, resulting in an 84% negative surprise. The stock reacted with a slight decline of 0.88% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic about Tidewater's upcoming earnings, especially after a disappointing Q1. The market is looking for signs of recovery in profitability and revenue.

Bull Case

If Tidewater can demonstrate a rebound in EPS and revenue, it could indicate strong operational performance and increased demand for its services, leading to a positive stock reaction.

Bear Case

Conversely, if the company fails to show improvement or provides weak guidance, it may lead to further declines in stock price, reflecting ongoing concerns about market conditions.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected EPS for Q2 2026?

Given the significant miss in Q1, the market will closely watch for any signs of recovery in earnings.

How has revenue changed compared to the previous quarter?

Changes in revenue will indicate the company's ability to adapt to market conditions and drive growth.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating Tidewater's ability to rebound from its recent earnings miss, especially given the volatility in oil prices and demand for offshore services.

Supporting Evidence

Options are pricing a 24.63% move, indicating expectations for significant volatility that may not align with historical performance.

The company's historical beat rate of 75% suggests a stronger underlying performance than the current consensus reflects.

Key Risk

If EPS exceeds $0.75, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter is pivotal for Tidewater as it seeks to recover from a significant earnings miss and demonstrate improved financial performance.

Bull Confirmed If

An EPS of $0.75 or higher would confirm a strong recovery and bolster investor confidence.

Bear Confirmed If

An EPS below $0.12 would signal ongoing struggles and could lead to a negative market reaction.

Pre-Earnings Positioning

Options Market

Implied Move

±24.63%

Historical Avg

±2.0%

Pricing rich

The options market is pricing in a significant potential move, indicating that traders expect volatility around the earnings announcement.

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 the stock could rise by around 1.07%, confirming a positive turnaround narrative.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await clearer guidance.

Miss

A miss could lead to a decline, with historical patterns suggesting an average drop of 1.24% following such outcomes.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on operational efficiency improvements.
2Details on contracts won or lost in the last quarter.
3Management's outlook on oil and gas market trends.
4Insights into cost management strategies.
5Any commentary on future capital expenditures.