Looking ahead, we're seeing pent-up demand in the region, and we believe activity could rebound above what we expected just a quarter ago once the conflict is resolved.

May 11, 2026 / receipt

We estimate ongoing additional crew wages in the form of hazard pay and insurance costs of about $1.6 million per month. In addition, we can expect approximately $1.8 million of additional monthly related costs related to fuel and travel expenses due to the higher global commodity prices.

May 5, 2026 / receipt, needs a key / Quentin Neen, CEO | earnings call 2026-05-05 | transcript 4636dea1-cd5f-447f-a325-b87592ad0f6a | chars 29125-29414 | segment 29

The increased revenue was partially offset by higher operating expenses related to higher salaries and travel and supplies, and R&M due primarily to an average of four additional vessels operating in the region.

May 5, 2026 / receipt, needs a key / Quentin Neen, CEO | earnings call 2026-05-05 | transcript 4636dea1-cd5f-447f-a325-b87592ad0f6a | chars 28270-28481 | segment 28

Overall, we saw a decrease in salaries and travel and consumable expenses, partially offset by increases in R&M and other vessel expenses.

Mar 3, 2026 / receipt, needs a key / Sam, CFO | earnings call 2026-03-03 | transcript 72fd08ac-aba3-4257-971b-1ad65a9a45cc | chars 28428-28566 | segment 28

Lower operating costs were driven primarily by lower crew salaries and travel costs combined with lower supplies and consumables expense due to fewer idle and repair days offset somewhat by higher R&M expense.

Nov 11, 2025 / receipt, needs a key / Sam Rubio, CFO | earnings call 2025-11-11 | transcript 36f2cbc1-4a37-4313-8a35-6cbefe71e246 | chars 21808-22017 | segment 21

The increase in costs is due primarily to an increase in salaries and travel, R&M, and consumables, with continuing FX impacts also contributing.

Nov 11, 2025 / receipt, needs a key / Sam, CFO | earnings call 2025-11-11 | transcript 36f2cbc1-4a37-4313-8a35-6cbefe71e246 | chars 22183-22328 | segment 22

The margin outperformance versus our expectation was primarily due to higher than expected pay rates, and utilization combined with lower than expected operating costs, primarily related to lower R&M costs due to overall fuel repair days and lower salaries and travel costs due to reduced manning on some idle vessels.

Aug 5, 2025 / receipt, needs a key / Sam, CFO | earnings call 2025-08-05 | transcript 89245de1-420d-45dc-99ee-83dccfa2e4a7 | chars 26004-26322 | segment 26

The increase in costs is due primarily to an increase in salaries and travel and R&M costs, as we had one more day of operation in the quarter, together with FX impacts due to the weakening U.S. dollar, a combination of which contributed $4.3 million to the increase.

Aug 5, 2025 / receipt, needs a key / Sam, CFO | earnings call 2025-08-05 | transcript 89245de1-420d-45dc-99ee-83dccfa2e4a7 | chars 27207-27474 | segment 27

During Q1, we were able to reduce crew on some of our idle vessels to a minimum manning level, and additionally, we had a couple of vessels operating in Southeast Asia instead of Australia where mariner costs is lower, a combination of which contributed $2.7 million to the decrease in crew salaries and travel costs.

May 6, 2025 / receipt, needs a key / Quentin, CEO | earnings call 2025-05-06 | transcript 812a7e56-0603-41b6-b2e0-c558244ffe4a | chars 21802-22119 | segment 22

In the quarter, we saw an increase in crew salaries and travel expenses and vessel supply expenses related to reactivation of a couple vessels.

Aug 8, 2023 / receipt, needs a key / Sam, other | earnings call 2023-08-08 | transcript a172e958-6aae-4bce-9eae-3e72930151bd | chars 23400-23543 | segment 23

In the quarter we saw an increase in R&M costs and fuel costs related to the mobilization of 13 vessels, which resulted in 289 mobilization days. This increase was offset by the decrease in crew salaries and travel costs as we continued to realize synergies as part of the SPO acquisition.

May 9, 2023 / receipt, needs a key / Sam Rubio, CFO | earnings call 2023-05-09 | transcript e4f5621d-04bb-46fd-8fc7-1c602f28dc80 | chars 21069-21358 | segment 21

Swire Pacific Offshore's current position in the Middle East will be a natural addition to our current operations in that geography. Again, benefits from a sizable shore-based infrastructure footprint and improved operating expense management through economies of scale.

Mar 9, 2022 / receipt, needs a key / Quentin Neen, CEO | earnings call 2022-03-09 | transcript 8222b485-84a7-49ca-90f8-39ec8bcb29a1 | chars 15570-15840 | segment 15

G&A cost for the quarter was $18 million, an increase of $1.3 million from Q2 due to higher professional fees, travel costs, and franchise taxes.

Nov 10, 2021 / receipt, needs a key / Sam Rubio, CFO | earnings call 2021-11-10 | transcript de577cb7-24c7-402c-bfef-16a58ae98e19 | chars 21344-21489 | segment 22

The recently closed acquisition of Wilson Sons Ultratug Offshore (“WSUT”) further solidifies Tidewater’s leading market position globally and materially enhances its scale in Brazil

ir_statement / Sep 15, 2026 / receipt

Importantly, nothing has changed in how we're thinking about free cash flow for the year, and the first quarter is tracking with our expectations for 2026.

ir_statement / Sep 9, 2026 / receipt

We've already started the pre-integration work using the playbook we've built through prior acquisitions.

ir_statement / Sep 9, 2026 / receipt

We've also successfully reentered Brazil, which we talked about as a priority market.

ir_statement / Sep 9, 2026 / receipt

we announced our agreement to acquire Wilson & Sons UltraTug Offshore 22 PSVs focused exclusively on the offshore market in Brazil for $500 million.

ir_statement / Sep 9, 2026 / receipt

Given that the offshore vessel market has stabilized at a healthy level, along with the constructive outlook for offshore vessel activity more broadly, the M&A landscape remains favorable, and we will

ir_statement / Sep 9, 2026 / receipt

Over the longer term, more drilling in less developed regions should drive additional infrastructure work, which supports sustained demand across these categories.

ir_statement / Sep 9, 2026 / receipt

However, we are in a position to seek rebuilds for about half of the conflict-related cost increases from our customers related to direct cost increases associated with crew wages, insurance costs and

ir_statement / Sep 9, 2026 / receipt

Our forecast assumes a normalization of cost frictions associated with the conflict in the Middle East by the third quarter of 2026.

ir_statement / Sep 9, 2026 / receipt

We are maintaining our full year 2026 revenue guidance of $1.43 billion to $1.48 billion and a full year gross margin range of 49% to 51%.

ir_statement / Sep 9, 2026 / receipt

We expect our second quarter revenue to be roughly flat with the first quarter, consistent with prior expectations, but expect our gross margin to decline by about 5 percentage points sequentially due

ir_statement / Sep 9, 2026 / receipt

Looking ahead, we're seeing pent-up demand in the region, and we believe activity could rebound above what we expected just a quarter ago once the conflict is resolved.

ir_statement / Sep 8, 2026 / receipt