Tidewater Q3 2026 Revenue Tops Estimates at $360.4M, but EPS Misses at $0.35

Tidewater (TDW) posted mixed third-quarter 2026 results, with revenue above the estimate and adjusted EPS below it. Revenue was $360.4 million, up 5.7% from a year earlier, above the $358.8 million estimate, and adjusted EPS was $0.35, down 34% from a year earlier, below the $0.72 estimate.

Shares fell 0.1% in after-hours trading as of 4:40 p.m. ET, to $71.00 from a $71.06 close.

Q3 2026 scorecard

By our calculation, revenue was $1.6 million above the estimate and adjusted EPS was $0.37 below it. The QoQ column compares with the previous quarter's revenue of $342.3 million and adjusted EPS of $0.43. The YoY column compares with $341.1 million and $0.53 in the same quarter a year earlier.

Track record

• EPS record. Adjusted EPS beat the estimate in 4 of the last 8 reports, including this one.
• Revenue record. Revenue beat the estimate in 8 of the last 8 reports.
• Revenue trend. Revenue over the last 5 reports, oldest first: $341.1 million, $336.8 million, $326.2 million, $342.3 million and $360.4 million.

What to watch

• Next-quarter estimates. Consensus calls for EPS of $1.59 and revenue of $418.8 million next quarter, based on 3 analysts.
• Revenue growth. Whether revenue keeps growing from a year earlier after this quarter's 5.7% increase to $360.4 million.
• Estimate record. Whether Tidewater extends a record of beating EPS estimates in 4 of its last 8 reports.
• Related coverage. See our reports on Plug Power, AbCellera Biologics, USA Rare Earth and Lineage.

Sources: Results are from Tidewater's Nov. 9, 2026 quarterly report. Estimates are consensus figures. The prior-quarter and year-ago comparison figures are from Tidewater's earlier quarterly reports. Items labeled by our calculation are our own arithmetic. This article is informational only and is not investment advice.