SCHEDULE 13G/A: BlackRock Maintains Significant 13.6% Stake in Tidewater Inc.
Beneficial Ownership Report
BlackRock, Inc. has filed an amended Schedule 13G, confirming its beneficial ownership of 13.6% of Tidewater Inc.'s common stock as of December 31, 2024.
Summary
- BlackRock, Inc. reported beneficial ownership of 7,139,708 shares of Tidewater Inc. common stock.
- This represents 13.6% of the total outstanding common stock of Tidewater Inc.
- BlackRock holds sole voting power over 7,043,782 shares and sole dispositive power over 7,139,708 shares.
- The filing is an Amendment No. 7 to Schedule 13G, indicating ongoing reporting of BlackRock's stake.
- The report covers the period ending December 31, 2024.
- BlackRock, Inc. is identified as a parent holding company, with various subsidiaries, including BlackRock Fund Advisors, beneficially owning 5% or greater of the reported security class.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently convey positive or negative sentiment regarding the issuer's performance or outlook. It is a neutral, compliance-driven filing.
Future Outlook
NA
Industry Context
This filing is a routine disclosure by a major institutional asset manager, BlackRock, indicating its passive investment stake in Tidewater Inc. It reflects BlackRock's continued position as a significant shareholder in the offshore support vessel industry, a sector tied to global energy exploration and production.
Stakeholder Impact
- Shareholders: Provides transparency regarding a major institutional investor's continued significant stake in the company, which can be viewed as a vote of confidence in the long-term prospects of Tidewater Inc.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Date of previously revoked Power of Attorney. |
| 2025-01-21 | Effective date of the new Power of Attorney. |
| 2024-12-31 | Date of event which requires filing of this statement (reporting period end date). |
| 2025-02-05 | Signature date of the Schedule 13G filing. |
Keywords
BlackRock, Tidewater Inc., Schedule 13G, Beneficial Ownership, SEC Filing, Common Stock, Institutional Investor, Asset Management
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