Tidewater: Decent Quarter, Robust Outlook - Buy

May 07, 2025 11:59 AM ETTidewater Inc. (TDW) Stock, , , , , , , 8 Comments

Summary

  • Tidewater Inc. reported strong first quarter 2025 results, with revenue and profitability coming in well ahead of expectations.
  • Strong cash generation was utilized for substantial share repurchases.
  • The company continues to evaluate options for a comprehensive debt refinancing that would allow for even higher shareholder capital returns.
  • While the company acknowledged additional uncertainties from escalating trade tensions and increasing OPEC+ supply, customer projects have remained on track so far.
  • TDW stock remains cheap on an EV/Adjusted EBITDA basis. Reiterating "Buy" rating with a slightly reduced price target of $60.00.
  • Looking for a helping hand in the market? Members of Value Investor's Edge get exclusive ideas and guidance to navigate any climate. Learn More »

Supply vessel navigating in port.

Igors Aleksejevs

Note:

Tidewater Inc. (NYSE:TDW) or “Tidewater” has been covered by me previously, so investors should view this article as an update to my earlier publications on the company.

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This article was written by

20.13K Followers

I am mostly a trader engaging in both long and short bets intraday and occasionally over the short- to medium term. My historical focus has been mostly on tech stocks but over the past couple of years I have also started broad coverage of the offshore drilling and supply industry as well as the shipping industry in general (tankers, containers, drybulk). In addition, I am having a close eye on the still nascent fuel cell industry.

I am located in Germany and have worked quite some time as an auditor for PricewaterhouseCoopers before becoming a daytrader almost 20 years ago. During this time, I managed to successfully maneuver the burst of the dotcom bubble and the aftermath of the world trade center attacks as well as the subprime crisis.

Despite not being a native speaker, I always try to deliver high quality research to followers and the entire Seeking Alpha community.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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