Tidewater vs TechnipFMC: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Tidewater Inc (TDW)

Q3 202617 Jun – 1 Sep 2026

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Oil price slump on Iran peace deal The US-Iran interim deal reopened the Strait of Hormuz and removed the war-risk premium, pushing Brent below $80 and WTI toward $73. Lower oil prices mean producers earn less, so they may drill less and hire fewer of Tidewater's boats — that is why the stock fell.
Explains the main force pushing TDW down this period.
Brazil acquisition completed Tidewater closed its $500 million purchase of WSUT, adding 22 vessels and growing its Brazilian fleet from six to 28. Brazil is a major deepwater market, so more scale there should mean more revenue and bargaining power over time.
The period's biggest company-specific event and a long-term growth driver.
Q2 revenue beat and day rates rising Second-quarter revenue of $342.3 million beat expectations, and the leading-edge day rate — the price for the newest contracts — rose 7.5% to $24,341. Rising rates show boats are scarce and customers are paying up, which supports future profits.
Shows underlying business strength despite weak oil prices.
Costs and delayed deal closing Gross margin slipped to 46.9% from 48.8% as $6.8 million in conflict-related costs hit results, and the WSUT closing was pushed back two months. Free cash flow still nearly doubled to $64.4 million, helped by deferring seven dry docks.
Gives the honest counterweight to the positive earnings and deal news.

July 202617 Jun – 1 Sep 2026

▲2▼1

Oil price slump on Iran peace deal The US-Iran interim deal reopened the Strait of Hormuz and removed the war-risk premium, pushing Brent below $80 and WTI toward $73. Lower oil prices mean producers earn less, so they may drill less and hire fewer of Tidewater's boats — that is why the stock fell.
Explains the main force pushing TDW down this period.
Brazil acquisition completed Tidewater closed its $500 million purchase of WSUT, adding 22 vessels and growing its Brazilian fleet from six to 28. Brazil is a major deepwater market, so more scale there should mean more revenue and bargaining power over time.
The period's biggest company-specific event and a long-term growth driver.
Q2 revenue beat and day rates rising Second-quarter revenue of $342.3 million beat expectations, and the leading-edge day rate — the price for the newest contracts — rose 7.5% to $24,341. Rising rates show boats are scarce and customers are paying up, which supports future profits.
Shows underlying business strength despite weak oil prices.
Costs and delayed deal closing Gross margin slipped to 46.9% from 48.8% as $6.8 million in conflict-related costs hit results, and the WSUT closing was pushed back two months. Free cash flow still nearly doubled to $64.4 million, helped by deferring seven dry docks.
Gives the honest counterweight to the positive earnings and deal news.

Latest17 Jun – 1 Sep 2026

▲2▼1

Oil price slump on Iran peace deal The US-Iran interim deal reopened the Strait of Hormuz and removed the war-risk premium, pushing Brent below $80 and WTI toward $73. Lower oil prices mean producers earn less, so they may drill less and hire fewer of Tidewater's boats — that is why the stock fell.
Explains the main force pushing TDW down this period.
Brazil acquisition completed Tidewater closed its $500 million purchase of WSUT, adding 22 vessels and growing its Brazilian fleet from six to 28. Brazil is a major deepwater market, so more scale there should mean more revenue and bargaining power over time.
The period's biggest company-specific event and a long-term growth driver.
Q2 revenue beat and day rates rising Second-quarter revenue of $342.3 million beat expectations, and the leading-edge day rate — the price for the newest contracts — rose 7.5% to $24,341. Rising rates show boats are scarce and customers are paying up, which supports future profits.
Shows underlying business strength despite weak oil prices.
Costs and delayed deal closing Gross margin slipped to 46.9% from 48.8% as $6.8 million in conflict-related costs hit results, and the WSUT closing was pushed back two months. Free cash flow still nearly doubled to $64.4 million, helped by deferring seven dry docks.
Gives the honest counterweight to the positive earnings and deal news.

Q3 202618 Jun – 16 Jul 2026

▲1▼1

Iran deal and Hormuz reopening crush oil prices The US-Iran interim deal reopened the Strait of Hormuz and eased sanctions, sending crude down about 40% from its wartime peak. Lower oil prices reduce drilling activity, which directly hurts demand for TechnipFMC's subsea equipment and services, pushing the stock down.
This is the main negative force this period, explaining why FTI fell despite strong contract wins.
Major subsea contract wins boost order backlog TechnipFMC won several large contracts: a $500M-$1B iEPCI award from Vår Energi, $250M-$500M from Equinor, and $75M-$250M each from Azule and Eni. These add to inbound orders and future revenue, supporting the stock.
These awards are the key positive driver, showing strong demand for FTI's services even as oil prices fall.

July 202618 Jun – 16 Jul 2026

▲1▼1

Iran deal and Hormuz reopening crush oil prices The US-Iran interim deal reopened the Strait of Hormuz and eased sanctions, sending crude down about 40% from its wartime peak. Lower oil prices reduce drilling activity, which directly hurts demand for TechnipFMC's subsea equipment and services, pushing the stock down.
This is the main negative force this period, explaining why FTI fell despite strong contract wins.
Major subsea contract wins boost order backlog TechnipFMC won several large contracts: a $500M-$1B iEPCI award from Vår Energi, $250M-$500M from Equinor, and $75M-$250M each from Azule and Eni. These add to inbound orders and future revenue, supporting the stock.
These awards are the key positive driver, showing strong demand for FTI's services even as oil prices fall.

Latest18 Jun – 16 Jul 2026

▲1▼1

Iran deal and Hormuz reopening crush oil prices The US-Iran interim deal reopened the Strait of Hormuz and eased sanctions, sending crude down about 40% from its wartime peak. Lower oil prices reduce drilling activity, which directly hurts demand for TechnipFMC's subsea equipment and services, pushing the stock down.
This is the main negative force this period, explaining why FTI fell despite strong contract wins.
Major subsea contract wins boost order backlog TechnipFMC won several large contracts: a $500M-$1B iEPCI award from Vår Energi, $250M-$500M from Equinor, and $75M-$250M each from Azule and Eni. These add to inbound orders and future revenue, supporting the stock.
These awards are the key positive driver, showing strong demand for FTI's services even as oil prices fall.