New York-listed Tidewater logged a gain of $43.7m for the three months the close of June, beating the $30.1m of a year ago.
Earnings per share of $0.88 compared with the $0.92 analysts polled by Thomson Reuters had projected.
TideWater’s progress came as revenue picked up from $334.1m to $385.7m.
Its quarterly report shows the owner’s deepwater fleet secured stronger revenue in the America, Africa, the Middle East and Europe.
