What move does the options market price into Tidewater's report?

Implied ±6.5%, either direction.

How often does Tidewater move more than the options market prices?

3 of the last 8 reports moved at least as far as the implied move.

TDWNYSEWater Transportation

Tidewater Inc (TDW) earnings date, market-implied expected move, and options open interest by expiry

77.58

−1.46 · −1.85%

post 78.40 +1.06%

Closed17:59 ET

Open80.00Volume780,774Mkt cap$3.9BP/E15.84EPS4.95

Day77.27 – 80.2938%52-wk49.54 – 101.5855%

TDW

Tidewater Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±6.5%implied · report alone

8Q avg ±11.4%·×0.57·cheap

72.4082.48

straddle ±9.1%

spot 77.44exp Nov 20ATM strike 75ATM straddle 8.33IV 58%

Nov 3 closereport share · term structure

Expected move

Inputs

Next report

Nov 9

after close · in 5 days

est.Q3 FY26

Calendar

Next report

Last report

+17.78%

vs ±10.1% implied · ×1.76

shaded = implied · ▲▼ = realized

Aug 3 '26 · confirmed

Implied vs realized

Linked news

4dCVX · customerChevron and Exxon hit all-time highs as refining profits soar in reaction to Iran and Ukraine wars

News

Largest filed tie

13F top-10 QoQ

+7.67%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

365 managers

Top fund weight

0.10%

TDW weight · IWM

N-PORTJun 30 '26

4 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Tidewater (TDW) is expected to report on Nov 9 after close (estimated date).

Implied vs realized

8 reports

3 of 8≥ implied

avg implied: ±9.9%
avg realized: ±11.4%

Nov 7 '24Nov 7 '24confirmed±7.5%▼−12.60%×1.68

Feb 27 '25Feb 27 '25confirmed±11.6%▼−6.13%×0.53

May 5 '25May 5 '25confirmed±10.6%▲+5.84%×0.55

Aug 4 '25Aug 4 '25confirmed±8.4%▲+29.20%×3.49

Nov 10 '25Nov 10 '25confirmed±9.6%▲+7.75%×0.81

Q1 FY26Mar 2 '26confirmed±11.8%▲+9.77%×0.83

May 4 '26May 4 '26confirmed±9.7%▼−2.38%×0.25

Q2 FY26Aug 3 '26confirmed±10.1%▲+17.78%×1.76

quarterimplied−30%0+30%realized×

Q2 FY26±10.1%▲+17.78%×1.76

May '26±9.7%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Oct 27 close

0.57OI · 4 expiries · Oct 27 closeP/C open interest · Nov 20 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

336+109%Nov 2016d588+216%

33—Dec 1844d2.0616—2.06

6,4690%Jan 1572d0.6410,0930%0.64

391+15%Apr 16163d1.46268+2%1.46

ExpiryPutsCallsP/C

Nov 2016d336+109%588+216%0.57

Dec 1844d33—16—2.06

Jan 1572d6,4690%10,0930%0.64

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±9.1%

Funds 4

IWM±0.0%

UWM±0.0%

VTI±0.0%

VT±0.0%

Customers 1

CVX±1.8%×0.19

Dashed = straddle · × = co-movement · max 501dMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

6.16%as filednet margin · revenue +4.92% QoQ · +0.25% YoY

Revenue

$342M+4.92% QoQ

Gross profit

$342M+4.92% QoQ

100.00% margin

Operating income

$63M+6.01% QoQ

18.27% margin

Pre-tax income

$46M+12.88% QoQ

Net income

$21M+252.78% QoQ

6.16% margin

Operating expenses

$280M+4.69% QoQ

Other operating $182M

Depreciation $66M

SG&A $35M

Other expense

$16M

Tax

$25M−28.20% QoQ

Revenue$342M+4.92%

Gross profit

$342M+4.92%

100.00% margin

Operating income

$63M+6.01%

18.27% margin

Pre-tax income

$46M+12.88%

Net income

$21M+252.78%

6.16% margin

Cost of revenue

Operating expenses

$280M+4.69%

Other operating $182M

Depreciation $66M

SG&A $35M

Other expense

$16M

Tax$25M−28.20%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 17:45 ET

Intraday

Event sensitivity

NFP ×1.05· ±2.4% vs ±2.3% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±2.4%5 of 10×1.05

FOMCrate decision±2.3%8 of 24×0.98

PCEpersonal income & outlays±1.7%6 of 19×0.74

GDPgross domestic product±1.7%9 of 19×0.72

PPIproducer prices±1.5%5 of 10×0.67

CPROFcorporate profits±1.4%4 of 12×0.62

CPIconsumer prices±1.4%5 of 10×0.62

Bar = avg |move| to ±3% · tick = ±2.3% avg day · ×base = |move| ÷ ±2.3% · min 6 releases

Earnings history

EPS 0.43 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 3 '26 · confirmed	0.43	—
Q1 FY26	Mar 2 '26 · confirmed	0.12	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod