Tidewater is continuing to tout its free cash flow generation, even if the Houston-based offshore giant fell short of its goal.
In the New York-listed company's fourth-quarter and full-year results, released after the close on Thursday, Tidewater reported $52.7m in free cash flow — less than its goal of $65m.
In the year, which saw the offshore sector slip into its second downturn in a decade, the company posted a $196m loss compared with a deficit of $142m in 2019.
