HOUSTON (AP) _ Tidewater Inc. (TDW) on Monday reported a loss of $59.9 million in its fourth quarter.
The Houston-based company said it had a loss of $1.52 per share. Losses, adjusted for asset impairment costs and non-recurring costs, came to 64 cents per share.
The offshore energy services provider posted revenue of $118.8 million in the period.
For the year, the company reported that its loss narrowed to $141.7 million, or $3.71 per share. Revenue was reported as $486.5 million.
Tidewater shares have dropped 26% since the beginning of the year. In the final minutes of trading on Monday, shares hit $14.19, a decline of 40% in the last 12 months.