Tidewater Midstream Reports Reduced Losses and Strategic Moves Amid Market Challenges

Tidewater Midstream and Infrastructure ( (TSE:TWM) ) has provided an announcement.

Tidewater Midstream and Infrastructure Ltd. reported a significant reduction in its net loss for the fourth quarter of 2024, attributed to the reversal of previous impairment charges and strategic asset sales. Despite challenges from U.S. renewable diesel imports affecting refining margins, the company has taken steps to address these issues through a trade complaint. The year also saw a decrease in adjusted EBITDA due to derivative contract losses, but operational efficiencies and strategic financial moves, such as the issuance of convertible debentures, have positioned the company for improved financial stability.

More about Tidewater Midstream and Infrastructure

Tidewater Midstream and Infrastructure Ltd. operates in the energy sector, focusing on the processing, transportation, and storage of natural gas and natural gas liquids. The company is involved in refining and marketing refined products, with a market focus on midstream infrastructure and renewable energy solutions.

YTD Price Performance: 29.41%

Average Trading Volume: 656,689

Technical Sentiment Signal: Buy

Current Market Cap: C$94.85M

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