Tidewater Inc
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Tidewater Inc - overview
Established
1956
Location
Houston, TX-Texas, US
Primary Industry
Logistics & Distribution
About
Tidewater Inc. provides essential offshore support services through a diverse fleet of vessels, facilitating critical operations for the global energy sector. Tidewater Inc. specializes in the ownership and operation of offshore support vessels (OSVs), established in 1956 and headquartered in Houston, US.
The company is led by CEO Quintin Kneen. Over its history, Tidewater has focused on expanding its fleet capabilities and enhancing service offerings to support offshore exploration and production activities. Tidewater specializes in the ownership and operation of a large fleet of Offshore Support Vessels (OSVs), offering services such as Platform Supply Vessels (PSVs), Anchor Handling Towing Supply Vessels (AHTSVs), Offshore Tugs, Specialty Vessels, and Crew Boats. These vessels play a vital role in transporting personnel, equipment, and supplies to offshore platforms, catering to a diverse clientele of major oil and gas operators and independent producers in regions including the North Sea, Gulf of Mexico, and offshore areas of Africa and Asia.
In 2023, Tidewater reported a revenue of USD 1,009. 99 mn and an EBITDA of USD 363. 37 mn, primarily generated through service contracts with clients in the offshore energy sector. Revenue is derived from charter agreements for vessel usage, which may be structured as time charters or spot charters, reflecting the operational requirements of its clients.
Primary Industry
Logistics & Distribution
Sub Industries
Logistics & Distribution
Website
www.tdw.com
Total Amount Raised
Subscriber access only
Tidewater Inc - timeline of key events
Tidewater Inc - financials
| Fiscal Year Ended | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 1,435,103,000 | 1,495,517,000 | 979,062,000 | 601,611,000 | 178,753,000 | 406,520,000 | 486,549,000 | 397,038,000 | - | - | - |
| % Revenue Growth (YoY) | - | 4.2% | (34.5%) | (38.6%) | - | - | 19.7% | (18.4%) | - | - | - |
| EBITDA (USD) | 369,021,000 | 138,023,000 | 112,785,000 | (410,562,000) | (4,251,000) | (51,060,000) | 10,450,000 | (66,132,000) | - | - | - |
| Operating Income (USD) | 201,541,000 | (37,181,000) | (69,524,000) | (577,853,000) | (23,873,000) | (107,497,000) | (86,604,000) | (186,802,000) | - | - | - |
| Operating Margin | 14.0% | (2.5%) | (7.1%) | (96.1%) | (13.4%) | (26.4%) | (17.8%) | (47.0%) | - | - | - |
| % EBITDA Margin | 25.7% | 9.2% | 11.5% | (68.2%) | (2.4%) | (12.6%) | 2.1% | (16.7%) | - | - | - |
| NET Income (USD) | 140,255,000 | (65,349,000) | (160,376,000) | (650,011,000) | (38,726,000) | (171,771,000) | (141,219,000) | (196,696,000) | - | - | - |
| % Net Margin | 9.8% | (4.4%) | (16.4%) | (108.0%) | (21.7%) | (42.3%) | (29.0%) | (49.5%) | - | - | - |
Tidewater Inc - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Troms Offshore | - |
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Tidewater Inc - employee data
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