Tidewater Sets 2027 Revenue Target of Up to $1.75 Billion

Tidewater set 2027 revenue guidance at $1.70 billion to $1.75 billion after completing its acquisition of the Wilson Sons Ultratug Offshore (WSUT) business. The offshore vessel operator also gave margin guidance of 51% to 53% and expects to substantially integrate the WSUT business by the start of 2027.

The acquisition closed Aug. 31, 2026, and expanded Tidewater’s presence in Brazil. The deal had a $500 million all-cash base consideration. Tidewater paid $283.1 million in cash at closing after adjustments to that base amount.

Tidewater operates offshore support vessels for energy exploration, production and offshore wind activities worldwide. Its third-quarter revenue rose 5.3% from the previous quarter to $360.4 million. Average vessel day rates increased 3.7% sequentially to $23,775.

CEO Quintin Kneen cited stronger day rates and vessel utilization, along with tight offshore vessel supply, as the company outlined opportunities in drilling, subsea, EPCI and production support. The 2027 revenue and margin figures are guidance; Tidewater’s latest reported quarterly revenue covers the third quarter of 2026.