Tidewater Issues Earnings Guidance For Quarter Ended September 30, 2007

Tidewater Inc. announced today that fiscal second quarter financial results for the three months ended September 30, 2007, are estimated to be between $1.54 – $1.57 on a fully diluted per share basis. The Thomson First Call consensus estimate is currently $1.71 per share. The Company reported fully diluted earnings of $1.55 per share in the quarter ended June 30, 2007.