New York-listed offshore operator Tidewater continued incremental rates improvement in the second quarter while missing consensus analyst estimates on both earnings and revenue.

Tidewater reported net income of $22.6m or $0.43 per share, flipping the $25.6m loss, or $0.61 per share, seen in the first three months of 2022.

However, this trailed the analyst consensus bet for net income of $0.65