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Tidewater Midstream and Infrastructure (TSE:TWM)
TSX:TWM
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.06Last Year’s EPS
-0.78Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2018
|% Change Since: -13.04%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Negative
The earnings call reflected operational efficiencies and strategic shifts in marketing, but was overshadowed by significant challenges including decreased EBITDA, pricing pressures, and the impact of subsidized U.S. imports. The sentiment remains cautious due to lower throughput and revised EBITDA guidance.Company Guidance
During the Q3 2024 earnings call for Tidewater Midstream and Infrastructure Ltd., several key metrics and guidance updates were discussed. The company's consolidated adjusted EBITDA for the quarter was reported at $29.2 million, down from $37.5 million in the same period last year, with $13.6 million contributed by Tidewater Renewables. Operationally, the Prince George refinery averaged a throughput of 11,664 barrels per day, a 9% decrease from the previous year, while the HDRD facilities maintained steady throughput at 2,849 barrels per day. Crack spreads for the quarter averaged $84 per barrel, lower than the $87 per barrel in Q3 2023, with current trends indicating a further decrease to $75-$80 per barrel at the start of Q4. The company revised its full-year consolidated adjusted EBITDA guidance to the lower end of the $130 million to $150 million range, and maintenance capital expenditure is now expected to be between $25 million and $30 million, down from the previous forecast of $35 million to $40 million. These adjustments are anticipated to positively impact free cash flow.Operational Success at Prince George Refinery
The Prince George Refinery and HDRD facilities continued to operate efficiently, with HDRD throughput consistent with the previous quarter at 2,849 barrels per day.
Successful Transition in Marketing Strategy
Tidewater has successfully transitioned from a contracted offtake agreement with Cenovus to in-house marketing of refined products.
Cost Management and Cash Flow Optimization
Tidewater revised its full-year 2024 consolidated maintenance capital forecast down to $25 million to $30 million from previous guidance of $35 million to $40 million, positively impacting anticipated free cash flow.
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Tidewater Midstream and Infrastructure (TSE:TWM) Earnings, Revenues Date & History
TSE:TWM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:TWM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | C$0.23 | C$0.12 | -47.83% |
| Aug 15, 2024 | C$0.57 | C$0.34 | -40.35% |
| May 09, 2024 | C$0.69 | C$0.71 | +2.90% |
| Mar 14, 2024 | C$0.87 | C$0.79 | -9.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Tidewater Midstream and Infrastructure (TSE:TWM) report earnings?
Tidewater Midstream and Infrastructure (TSE:TWM) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Tidewater Midstream and Infrastructure (TSE:TWM) earnings time?
Tidewater Midstream and Infrastructure (TSE:TWM) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:TWM EPS forecast?
TSE:TWM EPS forecast for the fiscal quarter 2024 (Q4) is -0.06.
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