Tidewater to Acquire Wilson Sons Ultratug for $500 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 23 2026
0mins
Should l Buy TDW?
Tidewater announced that it has entered into a definitive agreement to acquire all of the outstanding shares of Wilson Sons Ultratug Participacoes S.A. and its affiliate Atlantic Offshore Services S.A. at an enterprise value of approximately $500 million, including the assumption of WSUT's existing debt. Under the terms of the Transaction, Tidewater will acquire all of the outstanding shares of WSUT for cash consideration to be funded from cash on hand. It is also anticipated that WSUT's existing debt of approximately $261 million provided by BNDES and Banco do Brasil will be rolled over as part of the Transaction. The Transaction was unanimously approved by Tidewater's Board of Directors and is expected to close late in the second quarter of 2026, subject to required regulatory approvals and other customary closing conditions including approval from the Brazilian Antitrust Authority.
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Analyst Views on TDW
Wall Street analysts forecast TDW stock price to fall
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 79.420
Low
65.00
Averages
65.00
High
65.00
Current: 79.420
Low
65.00
Averages
65.00
High
65.00
About TDW
Tidewater Inc. is an owner and operator of offshore support vessels providing offshore energy exploration, production and offshore wind activities worldwide. The Company’s segments include Americas, Asia Pacific, Middle East, Europe/Mediterranean and West Africa. Its vessels and associated services support all phases of offshore crude oil and natural gas (also referred to as oil and gas) exploration activities, field development, production and maintenance, as well as windfarm development and maintenance. Its services include transporting supplies and personnel necessary to sustain drilling, workovers, production activities, field abandonment, dismantlement and restoration activities; offshore construction and seismic and subsea support; geotechnical survey support for windfarm construction, and a variety of other specialized services such as pipe and cable laying. It offers a diversified fleet of offshore service vessels, with around 211 vessels serving customers in over 30 countries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Increased Day Rates: The average day rate rose to $22,573, up 6.1% from 2024, indicating improved pricing power that contributes to overall profitability enhancement.
- Significant Net Income Increase: The net income for 2025 was $333.5 million, a substantial increase compared to 2024, primarily driven by a $201.5 million non-cash deferred tax benefit, reflecting the success of the company's restructuring strategy.
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See More
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- Revenue Expectations Decline: Despite the positive EPS outlook, the revenue estimate stands at $329.39 million, a 4.6% year-over-year decrease, raising concerns about the company's growth potential and possibly affecting investor confidence.
- Historical Performance Review: Over the past year, Tidewater has beaten EPS estimates 50% of the time and has surpassed revenue estimates 100% of the time, showcasing strong revenue management capabilities that may support future performance.
- Estimate Revision Dynamics: In the last three months, EPS estimates saw no upward revisions and one downward revision, while revenue estimates experienced two downward adjustments, indicating analysts' cautious outlook on the company's future performance, which could impact stock price movements.
See More
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See More
