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Tidewater Midstream and Infrastructure
(TSX:TWM)
Tidewater Midstream and Infrastructure (TWM) vs. iShares MSCI Canada ETF (EWC)
Tidewater Midstream and Infrastructure Business Overview & Revenue Model
Tidewater Midstream and Infrastructure Earnings Call Summary
Tidewater Midstream and Infrastructure Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 1.51B | 1.64B | 2.21B | 2.88B | 1.70B | 979.41M | Gross Profit |
| 64.90M | 107.40M | 59.60M | 147.00M | 85.34M | 74.11M | EBIT |
| 24.50M | 62.90M | -5.60M | 96.60M | 52.37M | 48.39M | EBITDA |
| 111.40M | 147.50M | -259.80M | 191.60M | 247.31M | 95.52M | Net Income Common Stockholders |
| -47.10M | -26.60M | -385.90M | 18.90M | 71.50M | -35.18M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 5.79M | 100.00K | 336.70M | 17.00M | 15.81M | 9.93M | Total Assets |
| 2.03B | 1.24B | 1.60B | 2.27B | 1.97B | 1.86B | Total Debt |
| 1.01B | 558.00M | 373.50M | 917.30M | 889.71M | 1.04B | Net Debt |
| 1.01B | 557.90M | 373.40M | 900.30M | 873.90M | 1.03B | Total Liabilities |
| 1.58B | 908.00M | 1.26B | 1.53B | 1.33B | 1.43B | Stockholders Equity |
| 448.65M | 290.60M | 305.90M | 703.30M | 616.66M | 426.74M |
| Cash Flow | Free Cash Flow | ||||
| -70.20M | -78.40M | -155.10M | -106.40M | 9.85M | 134.61M | Operating Cash Flow |
| -18.90M | -33.50M | 137.50M | 242.90M | 126.70M | 205.57M | Investing Cash Flow |
| 18.20M | 293.40M | 14.30M | -279.60M | 19.80M | -100.23M | Financing Cash Flow |
| -11.50M | -259.90M | -168.70M | 37.90M | -140.60M | -101.20M |
Tidewater Midstream and Infrastructure Technical Analysis
Tidewater Midstream and Infrastructure Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | C$9.76B | 17.87 | 19.55% | 4.88% | 8.00% | 52.89% | |
74 Outperform | C$30.06B | 17.04 | 11.55% | 5.04% | -5.42% | -1.70% | |
73 Outperform | C$127.15M | 35.31 | 5.16% | ― | -8.85% | -67.49% | |
73 Outperform | $4.01B | 24.93 | 17.23% | 4.84% | -5.85% | -8.05% | |
70 Outperform | C$4.04B | 74.35 | 4.22% | 5.18% | 2.02% | 12.06% | |
58 Neutral | $7.47B | 3.50 | -4.45% | 10.05% | 0.81% | -49.42% | |
45 Neutral | C$79.77M | ― | -16.97% | ― | -25.69% | 87.47% |
Tidewater Midstream and Infrastructure Corporate Events
Tidewater Midstream and Infrastructure Ltd. announced the results of its annual general and special meeting, where shareholders voted on several key issues. The meeting, held virtually, saw the election of six directors, the re-appointment of Deloitte LLP as auditors, and the approval of various corporate measures, including share consolidation and executive compensation strategy. These decisions are expected to impact the company’s governance and operational strategies, potentially influencing its market positioning and stakeholder relations.
The most recent analyst rating on (TSE:TWM) stock is a Hold with a C$0.80 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 and Infrastructure Ltd. reported a significant increase in net loss for the first quarter of 2025, primarily due to lower refined product sales and margins. Despite this, the company made strategic moves to improve its financial position, including asset sales and credit facility amendments. The sale of interests in renewable partnerships and infrastructure assets helped repay debts, while regulatory changes in British Columbia’s Low Carbon Fuels Act are seen as beneficial for the company’s renewable segment. Additionally, a minor fire incident at the HDRD Complex was swiftly managed, allowing operations to resume quickly.
Tidewater Midstream and Infrastructure Ltd. reported a consolidated net loss of $31.8 million for the first quarter of 2025, driven by lower refined product sales and margins. The company made strategic financial moves, including the sale of assets and amendments to credit facilities, to enhance financial flexibility amid challenging market conditions. Additionally, regulatory changes in British Columbia’s Low Carbon Fuels Act are seen as beneficial for Tidewater’s renewable operations. A minor fire incident at the HDRD Complex was swiftly managed, allowing operations to resume quickly.
Tidewater Midstream and Infrastructure Ltd. has announced a definitive agreement to acquire the North Segment of Pembina Pipeline Corporation’s Western Pipeline System for approximately $1.2 million, along with future abandonment and reclamation liabilities. This acquisition aims to enhance Tidewater’s operational efficiency at the Prince George Refinery by securing a reliable and cost-effective feedstock source, potentially leading to significant cost savings and improved product margins. The transaction is expected to close by September 1, 2025, pending regulatory approvals.
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.
Tidewater Midstream and Infrastructure Ltd. has completed the sale of its Brazeau River Complex roadway network to Canadian Resource Roadways LP for $24 million. The proceeds will be used to repay a term loan, and the sale of this non-core asset is expected to have an immaterial impact on Tidewater’s 2025 operating results.