In another indication of the continuing uptick in the offshore services sector, the largest player in the game, Tidewater Inc. (NYSE: Tidewater) yesterday reported third quarter revenue that president and CEO Quintin Kneen said “nicely exceeded our expectations.”
Highlights of Tidewater’s third quarter 2023 results
- Revenue of $299.3 million, a 39.2% increase from the second quarter of 2023
- Average day rate increased to $17,865 per day, $1,823 higher than the second quarter of 2023
- Composite...
https://www.marinelog.com/offshore/quintin-kneen-upbeat-on-tidewater-outlook/