Comparing the current results to its competitors, Tidewater Inc reported Revenue decrease in the 1 quarter 2026 year on year by -2.17 %, faster than the overall decrease of Tidewater Inc's competitors by -0.74 %, recorded in the same quarter.
Tidewater Inc Net Income in the 1 quarter 2026 fell year on year by -85.88%, while most of its competitors have experienced a contraction in net income by -96.69 %.
Tidewater Inc's Comment on Competition and Industry Peers
The company operates in a competitive OSV service industry with competitors of varying sizes. Key factors influencing competition include vessel quality, suitability, technical capabilities, availability of vessels and equipment, pricing, service quality, and legal authorization to operate in specific regions. Safety, operational efficiency, and the ability to attract and retain qualified personnel are also significant. Regulatory considerations affecting competition involve local construction requirements, vessel flagging, ownership or control, contract awards to local contractors, employment of local citizens, and procurement from local vendors. The company’s diverse and mobile asset base, along with its broad geographic distribution, allows it to respond promptly to market changes and provide a wide range of vessel services globally. Additionally, the size, age, diversity, and geographic distribution of a vessel operator’s fleet are important competitive factors.
Knot Offshore Partners LP operates as a limited partnership focused on owning, operating, and acquiring shuttle tankers under long-term charters in the offshore oil production regions globally. The company's business model revolves around providing safe and flexible transportation services to customers in the offshore energy industry, ensuring reliable and efficient delivery of oil from offshore platforms to onshore facilities.
Middlesex Water Company operates as a regulated water utility that provides water and wastewater services to residential, commercial, and industrial customers. The company earns revenue by charging customers for the usage and delivery of water and wastewater services, while complying with regulatory guidelines and ensuring the provision of safe and reliable water supply.
Recon Technology Ltd's business model focuses on providing software and technology solutions to enable the digital transformation of the oil and gas industry.
Sea Limited is a diverse internet company that operates three main business segments: Garena, Shopee, and SeaMoney. Garena focuses on online gaming and e-sports, providing a platform for users to connect and play games. Shopee is an e-commerce platform that enables individuals and businesses to buy and sell products online, while SeaMoney offers digital financial services such as mobile wallet and payment solutions to users in Southeast Asia.
Sources:
Tidewater Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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