Tidewater (TDW) Operating Expenses (2009 - 2026)
Tidewater (TDW) recorded quarterly Operating Expenses of $279.8 million in Q2 2026, up 4.69% on a QoQ basis from $267.2 million in Q1 2026, and up 7.39% YoY from $260.5 million in Q2 2025.
Analysis
Tidewater (TDW) Operating Expenses (2009 - 2026) Analysis & Trends
Tidewater (TDW) has reported Operating Expenses for 18 consecutive years, with $279.8 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 7.39% year-over-year to $279.8 million; the trailing twelve-month figure through Jun 2026 stood at $1.1 billion (up 4.3% YoY), and the FY2025 full-year result was $1.1 billion, up 3.45% from the prior year.
- Operating Expenses was $279.8 million for Q2 2026 at Tidewater, up from $267.2 million in the prior quarter.
- The five-year high for Operating Expenses was $279.8 million in Q2 2026, with the low at $113.0 million in Q1 2022.
- Historically, Operating Expenses has averaged $227.8 million across 5 years, with a median of $251.0 million in 2023.
- Annual changes were most pronounced in 2022 — Operating Expenses surged 51.54% — and 2025, when it declined 0.23%.
- Tracing TDW's Operating Expenses over 5 years: stood at $173.6 million in 2022, then soared by 37.97% to $239.6 million in 2023, then increased by 10.08% to $263.7 million in 2024, then increased by 3.46% to $272.8 million in 2025, then rose by 2.54% to $279.8 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $279.8 million in Q2 2026, $267.2 million in Q1 2026, and $272.8 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 85.07 Bn | 81.00 Bn | 4.63 Bn | 324.00 Mn |
| 2 | Baker Hughes | 63.03 Bn | 47.30 Bn | 1.58 Bn | 723.00 Mn |
| 3 | Halliburton | 31.08 Bn | 29.03 Bn | 2.10 Bn | 4.94 Bn |
| 4 | Weatherford International | 6.68 Bn | 5.54 Bn | 662.00 Mn | 998.00 Mn |
| 5 | Kodiak Gas Services | 6.11 Bn | 5.98 Bn | 246.76 Mn | 266.88 Mn |
| 6 | Tidewater | 4.62 Bn | 4.01 Bn | 161.54 Mn | 279.76 Mn |
| 7 | USA Compression Partners | 4.01 Bn | 4.00 Bn | 217.36 Mn | 241.76 Mn |
| 8 | Liberty Energy | 3.59 Bn | 3.04 Bn | 208.34 Mn | 1.18 Bn |
| 9 | National Energy Services Reunited | 3.50 Bn | 3.31 Bn | 81.29 Mn | 12.02 Mn |
| 10 | Select Water Solutions | 2.78 Bn | 2.74 Bn | 76.84 Mn | 42.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 279.76 Mn |
| Mar 31, 2026 | 267.24 Mn |
| Dec 31, 2025 | 272.82 Mn |
| Sep 30, 2025 | 278.46 Mn |
| Jun 30, 2025 | 260.51 Mn |
| Mar 31, 2025 | 258.40 Mn |
| Dec 31, 2024 | 263.71 Mn |
| Sep 30, 2024 | 270.41 Mn |
| Jun 30, 2024 | 261.10 Mn |
| Mar 31, 2024 | 239.27 Mn |
| Dec 31, 2023 | 239.56 Mn |
| Sep 30, 2023 | 243.59 Mn |
| Jun 30, 2023 | 176.01 Mn |
| Mar 31, 2023 | 168.61 Mn |
| Dec 31, 2022 | 173.63 Mn |
| Sep 30, 2022 | 172.70 Mn |
| Jun 30, 2022 | 161.61 Mn |
| Mar 31, 2022 | 113.04 Mn |
| Dec 31, 2021 | 132.17 Mn |
| Sep 30, 2021 | 113.97 Mn |