Tidewater Midstream and Infrastructure (TWM) AI Stock Analysis

• Market Cap: C$128.93M
• Dividend Yield: N/A
• Average Volume (3M): 25.57K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.10
• Revenue Growth: -23.30%
• EPS Growth: 76.16%
• Country: CA
• Employees: 360
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Midstream
• EPS (TTM): -1.58
• Shares Outstanding: 21,596,233
• 10 Day Avg. Volume: 15,799
• 30 Day Avg. Volume: 25,568
• PEG Ratio: 0.52
• Price to Book (P/B): 4.43
• Price to Sales (P/S): 0.79
• P/FCF Ratio: -16.43
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$8.50
• Price Target Upside: 75.26% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: C$5.00 ▲(3.09% Upside)

Tidewater Midstream and Infrastructure's overall stock score is primarily impacted by its weak financial performance, characterized by declining revenues and high leverage. Technical analysis indicates a bearish trend, further weighing on the score. Valuation metrics are unfavorable due to negative profitability and lack of dividends. While the earnings call provided some strategic positives, they were insufficient to offset the financial and operational challenges.

Positive Factors

Strategic Acquisitions

The acquisition of the Western Pipeline is expected to yield $10-$15 million in annual cost savings, enhancing operational efficiency and long-term profitability.

Renewable Diesel Expansion

Securing 100% contracted offtakes for 2025 and over 80% for 2026 supports stable revenue from renewable diesel, aligning with sustainable energy trends.

Government Incentives

The $370 million biofuels incentive program from 2026-2027 will significantly benefit Tidewater Renewables, supporting growth in sustainable energy initiatives.

Negative Factors

High Leverage

High leverage poses financial risks, limiting flexibility and increasing vulnerability to market fluctuations, impacting long-term financial stability.

Declining Revenue

Consistent revenue declines reflect challenges in maintaining market position and operational efficiency, affecting long-term profitability and growth potential.

Cash Flow Challenges

Negative free cash flow growth indicates cash generation issues, limiting the ability to invest in growth opportunities and manage debt effectively.

Tidewater Midstream and Infrastructure Business Overview & Revenue Model

Company Description

Tidewater Midstream and Infrastructure Ltd. is a Canadian-based energy infrastructure company focused on providing midstream services to the oil and gas industry. The company operates in the sectors of natural gas processing, transportation, storage, and logistics, offering core products such as natural gas processing facilities, pipelines, and terminal services. TWM is committed to delivering efficient and reliable solutions, facilitating the movement of hydrocarbons from production sites to markets while ensuring environmental sustainability.

How the Company Makes Money

Tidewater Midstream and Infrastructure generates revenue primarily through its midstream services, which include fees for processing natural gas, transporting hydrocarbons through its pipeline network, and providing storage solutions. The company benefits from long-term contracts with producers, creating a stable and predictable revenue stream. Additionally, strategic partnerships with other energy companies enhance its operational capabilities and expand its market reach. The fluctuating prices of oil and gas can impact earnings, but TWM's diversified service offerings and contractual agreements help mitigate risks associated with commodity price volatility.

Tidewater Midstream and Infrastructure Financial Statement Overview

Summary

Tidewater Midstream and Infrastructure faces significant financial challenges, with declining revenues, negative profitability margins, and high leverage. The company's cash flow position is concerning, with negative free cash flow growth and operational cash flow issues. To improve its financial health, the company needs to focus on enhancing operational efficiency, managing debt levels, and stabilizing revenue streams.

Income Statement

The income statement shows declining revenue with a negative growth rate of -7.99% in the TTM period. Gross profit margin is low at 4.30%, and net profit margin is negative at -3.12%, indicating profitability challenges. EBIT and EBITDA margins are also weak, reflecting operational inefficiencies. The company has faced consistent revenue declines over the past few years, impacting overall profitability.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio of 2.13, indicating significant leverage, which could pose financial risks. Return on equity is negative, reflecting poor returns for shareholders. However, the equity ratio is relatively stable, suggesting some balance in asset financing. The company needs to manage its debt levels to improve financial stability.

Cash Flow

Cash flow analysis shows negative free cash flow growth of -67.95% in the TTM period, highlighting cash generation issues. The operating cash flow to net income ratio is negative, indicating operational cash flow challenges. Free cash flow to net income ratio is positive, suggesting some ability to cover net losses, but overall cash flow management remains weak.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.39B	1.64B	2.21B	2.88B	1.70B	979.41M
Gross Profit	20.90M	107.40M	59.60M	147.00M	85.34M	74.11M
EBITDA	92.50M	147.50M	-254.50M	191.60M	247.31M	95.52M
Net Income	-58.70M	-26.60M	-385.90M	18.90M	71.50M	-35.18M
Balance Sheet
Total Assets	1.11B	1.24B	1.60B	2.27B	1.97B	1.86B
Cash, Cash Equivalents and Short-Term Investments	300.00K	100.00K	336.70M	17.00M	15.81M	9.93M
Total Debt	555.10M	572.80M	373.50M	917.30M	889.71M	1.04B
Total Liabilities	827.20M	908.00M	1.26B	1.53B	1.33B	1.43B
Stockholders Equity	244.60M	290.60M	305.90M	703.30M	616.66M	426.74M
Cash Flow
Free Cash Flow	-22.50M	-78.40M	-155.10M	-106.40M	9.85M	134.61M
Operating Cash Flow	1.10M	-33.50M	137.50M	242.90M	126.70M	205.57M
Investing Cash Flow	21.20M	293.40M	14.30M	-279.60M	19.80M	-100.23M
Financing Cash Flow	-23.90M	-259.90M	-168.70M	37.90M	-140.60M	-101.20M

Tidewater Midstream and Infrastructure Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4.85
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TWM, the sentiment is Negative. The current price of 4.85 is below the 20-day moving average (MA) of 5.50, below the 50-day MA of 5.75, and above the 200-day MA of 4.82, indicating a neutral trend. The MACD of -0.24 indicates Positive momentum. The RSI at 32.48 is Neutral, neither overbought nor oversold. The STOCH value of 31.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:TWM.

Tidewater Midstream and Infrastructure Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KEY	70 Outperform	C$9.28B	17.49	15.28%	4.65%	-4.09%	-3.57%
PPL	66 Neutral	$31.48B	19.31	10.22%	5.17%	2.81%	-14.92%
GEI	66 Neutral	$4.16B	27.59	16.47%	6.69%	-12.18%	-29.17%
TPZ	66 Neutral	C$3.78B	67.17	4.75%	4.74%	6.52%	-13.92%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
E	52 Neutral	C$96.96M	36.76	5.09%	―	-7.13%	-60.41%
TWM	46 Neutral	C$128.93M	-2.19	-33.62%	―	-23.30%	76.16%

Tidewater Midstream and Infrastructure Corporate Events

Tidewater Midstream Addresses Axiom Lawsuit Allegations

Tidewater Midstream and Infrastructure Ltd. is responding to a lawsuit filed by Axiom Oil and Gas Inc., which alleges that Tidewater unreasonably exercised its rights under a gas handling agreement. A previous injunction application by Axiom was dismissed, with the court indicating that Axiom faces significant challenges in proving its claims. Tidewater maintains that the lawsuit is without merit and intends to vigorously defend itself.

The most recent analyst rating on (TSE:TWM) stock is a Hold with a C$10.00 price target. To see the full list of analyst forecasts on Tidewater Midstream and Infrastructure stock, see the TSE:TWM Stock Forecast page.

Tidewater Midstream’s Earnings Call: Strategic Gains Amid Challenges

The recent earnings call for Tidewater Midstream and Infrastructure painted a picture of mixed sentiments. While the company celebrated strategic milestones like the acquisition of the Western Pipeline and increased renewable diesel offtakes, these achievements were overshadowed by financial losses, extended operational outages, and challenges in the natural gas markets. The overall sentiment was balanced, reflecting both optimism from strategic advancements and caution due to financial setbacks.

Tidewater Midstream Reports Q3 Loss Amid Strategic Shifts and Renewable Focus

Tidewater Midstream and Infrastructure Ltd. reported a consolidated net loss of $34.1 million for the third quarter of 2025, attributed to lower sales volumes and margins in refined products and emission credits, alongside unfavorable derivative contract valuations. Despite these challenges, the company is poised to benefit from the Canadian government’s new Biofuels Production Incentive and has completed strategic transactions, including the acquisition of Pembina’s Western Pipeline System and the sale of its Sylvan Lake gas plant. These moves are expected to enhance operational efficiency and financial stability, while the execution of an agreement with the Government of British Columbia will support the production of low-carbon fuels, further aligning Tidewater with sustainability goals.

The most recent analyst rating on (TSE:TWM) stock is a Hold with a C$6.00 price target. To see the full list of analyst forecasts on Tidewater Midstream and Infrastructure stock, see the TSE:TWM Stock Forecast page.

Tidewater Midstream Reports Q3 Loss, Eyes Future Gains with Strategic Moves

Tidewater Midstream and Infrastructure Ltd. reported a consolidated net loss of $34.1 million for the third quarter of 2025, primarily due to lower sales volumes and margins in its downstream assets and unfavorable changes in derivative contracts. Despite these challenges, the company is poised to benefit from the Canadian government’s new Biofuels Production Incentive and has completed strategic transactions, including acquiring a segment of Pembina’s Western Pipeline System and selling its Sylvan Lake gas plant. These moves are expected to improve cost efficiencies and enhance its renewable energy production capabilities, potentially leading to improved financial performance in the future.

The most recent analyst rating on (TSE:TWM) stock is a Hold with a C$6.00 price target. To see the full list of analyst forecasts on Tidewater Midstream and Infrastructure stock, see the TSE:TWM Stock Forecast page.

Tidewater Midstream Completes Sale of Sylvan Lake Facility

Tidewater Midstream and Infrastructure Ltd. has completed the sale of its Sylvan Lake Gas Processing Facility to Parallax Energy Operating Inc. for $5.5 million. This transaction, involving a non-core asset, is expected to have an immaterial impact on Tidewater’s 2025 operating results, with the proceeds being used to repay amounts outstanding on the company’s Senior Credit Facility.

The most recent analyst rating on (TSE:TWM) stock is a Hold with a C$7.00 price target. To see the full list of analyst forecasts on Tidewater Midstream and Infrastructure stock, see the TSE:TWM Stock Forecast page.

Tidewater Completes Acquisition of Western Pipeline’s North Segment

Tidewater Midstream and Infrastructure Ltd. has successfully completed the acquisition of the North Segment of the Western Pipeline System from Pembina Pipeline Corporation. This strategic acquisition is expected to enhance operational efficiencies by integrating the pipeline with Tidewater’s existing operations, optimizing feedstock procurement, and improving cost structures at the Prince George Refinery.

The most recent analyst rating on (TSE:TWM) stock is a Hold with a C$6.00 price target. To see the full list of analyst forecasts on Tidewater Midstream and Infrastructure stock, see the TSE:TWM Stock Forecast page.