TDW

If Tidewater Midstream and Infrastructure sat on your watchlist instead of in your account, the recent move probably feels expensive in hindsight.

Black Bear Value Partners, an investment advisory firm, issued its second-quarter 2026 investor letter. The letter can be downloaded here. The Black Bear Value Fund returned -10.3% in September, +2.5% for the quarter, and +4.1% year-to-date (YTD).

Tidewater currently trades at $80.85 per share and has shown little upside over the past six months, posting a small loss of 1.3%. The stock also fell short of the S&P 500’s 21.1% gain during that period.

As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q2. Today, we are looking at mixed or offshore upstream e&p stocks, starting with Tidewater (NYSE:TDW).

Tidewater: Why This Offshore Vessel Operator Is Back In Focus Tidewater (TDW) returned to investors’ screens after fresh data highlighted its role as a major offshore service vessel operator supporting global oil, gas, and wind projects.

Moerus Capital Management LLC, an investment management firm, recently released its “Worldwide Fund ” second-quarter 2026 investor letter. A copy of the letter can be downloaded here.

Shares of offshore vessel operator Tidewater (NYSE:TDW) jumped 3.7% in the afternoon session after BTIG upgraded the stock from Neutral to Buy, citing increasing offshore activity that is expected to push dayrates higher across key basins.

Tidewater has completed its $500 million acquisition of Wilson Sons Ultratug and Atlantic Offshore Services, adding 22 platform supply vessels to its fleet and significantly expanding its position in Brazil.

TIDEWATER UTILITIES ANNOUNCES SECOND CUSTOMER BILL CREDIT USING PFAS LITIGATION PROCEEDS