The earnings call highlighted strategic steps such as the acquisition of the Western Pipeline and progress in non-core asset sales, which are positive for future operations. However, the quarter faced significant challenges, including wider product discounts, decreased throughput, and negative EBITDA. The sentiment is balanced with both strategic progress and operational challenges.

Company Guidance

In the Tidewater Midstream and Infrastructure Limited Q1 2025 financial results conference call, the company provided several guidance metrics and insights. The CEO, Jeremy Baines, highlighted the acquisition of the North segment of Pembina's Western Pipeline, which is expected to provide cost savings of $10 to $15 million annually and secure a reliable feedstock supply for the Prince George Refinery. The refinery's throughput was reported at 9,936 barrels per day, a decrease from previous quarters due to third-party maintenance issues. The Brazeau River complex also experienced reduced throughput at 94 million cubic feet per day, attributed to a facility outage and the cessation of sour gas processing. The company aims to improve cash flow and utilization rates, anticipating a recovery in throughput levels throughout the year. Moreover, Tidewater continues to focus on its non-core asset sales program, targeting $100 million in proceeds, of which $24 million has been realized from the BRC Roadway network sale. The financial results showed a consolidated net loss of $31.8 million, with adjusted EBITDA at negative $3.7 million, reflecting challenges from lower refined product sales and margins. Despite these setbacks, the company remains optimistic about improving market conditions and financial performance going forward.

Strategic Acquisition of Western Pipeline

Tidewater Midstream announced an agreement to purchase the North segment of Pembina's Western Pipeline, expected to provide a reliable and lower-cost source of feedstock for the Prince George Refinery over the next 25 years.

Progress in Non-Core Asset Sales

The company completed the sale of the BRC Roadway network for $24 million, with $22.5 million used to repay outstanding debt, and continues to advance its non-core asset sales program with a target of $100 million.

Improvement in Renewable Diesel Margins

Significant improvement in margins at the Tidewater Renewables HDRD facility due to Canadian renewable blend requirements and increasing import parity price of U.S. renewable diesel.

Tidewater Midstream and Infrastructure (TSE:TWM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:TWM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 13, 2025	2025 (Q3)	-0.46 / -	-0.4	―	―	―
Aug 14, 2025	2025 (Q2)	-0.78 / -0.80	-0.2	-300.00% (-0.60)	―	―
May 08, 2025	2025 (Q1)	-0.83 / -1.40	-0.6	-133.33% (-0.80)	―	―
Mar 27, 2025	2024 (Q4)	-1.15 / -0.20	-15.6	98.72% (+15.40)	―	―
Nov 14, 2024	2024 (Q3)	-0.61 / -0.40	-1	60.00% (+0.60)	―	―
Aug 15, 2024	2024 (Q2)	-0.13 / -0.20	-0.4	50.00% (+0.20)	―	―
May 09, 2024	2024 (Q1)	0.06 / -0.60	-1.2	50.00% (+0.60)	―	―
Mar 14, 2024	2023 (Q4)	-0.40 / -15.60	-1.4	-1014.29% (-14.20)	―	―
Nov 09, 2023	2023 (Q3)	-0.15 / -1.00	-1	0.00% (0.00)	―	―
Aug 10, 2023	2023 (Q2)	-0.29 / -0.40	0.8	-150.00% (-1.20)	―	―

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

TSE:TWM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 14, 2025	C$4.70	C$4.60	-2.13%
May 08, 2025	C$5.70	C$4.20	-26.32%
Mar 27, 2025	C$4.40	C$5.00	+13.64%
Nov 14, 2024	C$4.60	C$2.50	-45.65%

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.

FAQ

When does Tidewater Midstream and Infrastructure (TSE:TWM) report earnings?

Tidewater Midstream and Infrastructure (TSE:TWM) is schdueled to report earning on Nov 13, 2025, Before Open (Confirmed).

What is Tidewater Midstream and Infrastructure (TSE:TWM) earnings time?

Tidewater Midstream and Infrastructure (TSE:TWM) earnings time is at Nov 13, 2025, Before Open (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 2025 (Q3) is -0.46.

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