Tidewater Midstream and Infrastructure (TWM) AI Stock Analysis

• Market Cap: C$179.59M
• Dividend Yield: N/A
• Average Volume (3M): 25.57K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.12
• Revenue Growth: -23.30%
• EPS Growth: 76.16%
• Country: CA
• Employees: 360
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Midstream
• EPS (TTM): N/A
• Shares Outstanding: 21,689,873
• 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$10.00
• Price Target Upside: 22.85% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): -0.22
• Revenue Forecast (FY): C$1.69B

• Rating: 43 Neutral
• Price Target: C$5.50 ▼(-32.43% Downside)
• Action: Reiterated Date: 12/11/25
• Date: Action: Reiterated 12/11/25

The overall stock score of 43 reflects significant financial challenges, including high leverage and negative profitability, which are the most impactful factors. Technical analysis provides a cautious outlook, while valuation metrics indicate potential overvaluation. Although strategic initiatives from the earnings call offer some promise, immediate financial setbacks and operational challenges weigh heavily on the stock's prospects.

Positive Factors

Stable contracted revenue

The firm's reliance on long-term contracts and diversified midstream services provides predictable fee-based revenues and lowers direct commodity exposure. Over 2-6 months this durability supports cashflow visibility, underpins capital planning, and limits volatility from spot commodity swings.

Western Pipeline acquisition

Realizing $10–15M of anticipated annual cost savings is a structural improvement to operating economics. Scale and network integration can raise asset utilization and margins, enhancing cash generation potential and providing runway to service debt or reinvest in growth over the medium term.

High contracted renewable offtakes

Securing fully contracted offtakes for 2025 and >80% for 2026 materially de-risks the renewables revenue stream. This structural demand visibility supports utilization, predictable cash receipts during incentive periods, and reduces market exposure for a core growth segment.

Negative Factors

High leverage

A debt-to-equity ratio of ~2.27 denotes substantial leverage that limits financial flexibility. If operating cashflows remain weak, higher interest costs and refinancing needs heighten solvency risk and constrain capacity to fund maintenance, growth, or absorb operational setbacks.

Weak cash generation

Negative free cash flow growth and poor conversion of income into operating cash indicate persistent liquidity strain. Over several months this hampers the company's ability to service debt, fund turnarounds or capex, and leaves limited buffer versus outages or price weakness.

Ongoing unprofitability

TTM negative gross profit and net income plus declining revenue signal structural margin and operational issues. Persistent losses erode equity, limit retained earnings for reinvestment, and make it harder to repair the balance sheet without meaningful margin recovery or cash injections.

Tidewater Midstream and Infrastructure Business Overview & Revenue Model

Company Description

Tidewater Midstream and Infrastructure Ltd., through its subsidiaries, operates as a diversified midstream and infrastructure company in North America. It primarily focuses on natural gas, natural gas liquids (NGLs), and crude oil operations and processing plants located in the Deep Basin, Edmonton, and Montney regions of Alberta and British Columbia. The company engages in gathering, processing, and transportation for natural gas and NGLs; crude oil refining and refined products marketing; NGL extraction and marketing; and crude oil marketing and transportation. It also produces refined products, including gasoline, low sulfur diesel, and other products; produces and sells crude oil, natural gas, and NGLs; and rents railcar, as well as operates export terminals and storage facilities. The company was incorporated in 2015 and is headquartered in Calgary, Canada.

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. The company struggles with profitability, as evidenced by negative margins and declining revenue. High leverage and negative returns on equity raise concerns about financial stability and risk. Cash flow issues further exacerbate the situation, indicating liquidity constraints. The company needs to address these issues to improve its financial health and sustainability.

Income Statement

The company's income statement reveals significant challenges. The TTM data shows negative gross profit and net income, indicating operational inefficiencies and profitability issues. Revenue has declined over the past year, with a negative growth rate of -1.71%. Margins, including EBIT and EBITDA, are weak, reflecting struggles in maintaining profitability. The negative net profit margin further highlights the company's difficulty in generating profit from its revenues.

Balance Sheet

The balance sheet indicates a high level of leverage with a debt-to-equity ratio of 2.27 in the TTM period, which poses a risk in terms of financial stability. The return on equity is negative, suggesting that the company is not generating sufficient returns on shareholders' investments. The equity ratio is low, indicating a heavy reliance on debt financing. These factors point to potential financial risk and limited flexibility.

Cash Flow

The cash flow statement shows concerning trends, with negative free cash flow growth and a high free cash flow to net income ratio, indicating cash flow challenges. The operating cash flow to net income ratio is low, suggesting inefficiencies in converting income into cash. These metrics highlight liquidity issues and the need for improved cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.37B	1.64B	2.21B	2.88B	1.70B	979.41M
Gross Profit	-12.00M	107.40M	59.60M	147.00M	85.34M	74.11M
EBITDA	55.00M	147.50M	-254.50M	191.60M	247.31M	95.52M
Net Income	-85.50M	-26.60M	-385.90M	18.90M	71.50M	-35.18M
Balance Sheet
Total Assets	1.14B	1.24B	1.60B	2.27B	1.97B	1.86B
Cash, Cash Equivalents and Short-Term Investments	2.10M	100.00K	336.70M	17.00M	15.81M	9.93M
Total Debt	406.50M	572.80M	373.50M	917.30M	889.71M	1.04B
Total Liabilities	884.70M	908.00M	1.26B	1.53B	1.33B	1.43B
Stockholders Equity	211.60M	290.60M	305.90M	703.30M	616.66M	426.74M
Cash Flow
Free Cash Flow	19.30M	-78.40M	-155.10M	-106.40M	9.85M	134.61M
Operating Cash Flow	46.40M	-33.50M	137.50M	242.90M	126.70M	205.57M
Investing Cash Flow	9.70M	293.40M	14.30M	-279.60M	19.80M	-100.23M
Financing Cash Flow	-54.10M	-259.90M	-168.70M	37.90M	-140.60M	-101.20M

Tidewater Midstream and Infrastructure Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8.14
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TWM, the sentiment is Positive. The current price of 8.14 is above the 20-day moving average (MA) of 6.73, above the 50-day MA of 5.95, and above the 200-day MA of 5.17, indicating a bullish trend. The MACD of 0.65 indicates Negative momentum. The RSI at 77.88 is Negative, neither overbought nor oversold. The STOCH value of 97.13 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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
PPL	77 Outperform	$35.30B	17.93	9.91%	5.44%	2.81%	-14.92%
ENB	69 Neutral	C$162.11B	19.11	11.70%	5.80%	33.06%	-12.36%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
TRP	65 Neutral	C$92.28B	22.34	13.64%	4.41%	-3.98%	-33.45%
KEY	61 Neutral	C$12.01B	23.33	15.28%	4.81%	-4.09%	-3.57%
GEI	58 Neutral	C$5.08B	20.80	16.47%	6.61%	-12.18%	-29.17%
TWM	43 Neutral	C$179.59M	-0.98	-33.62%	―	-23.30%	76.16%

Tidewater Midstream and Infrastructure Corporate Events

Tidewater Midstream Secures Long-Term Gas and NGL Deals at Brazeau River Complex

Tidewater Midstream and Infrastructure has signed long-term agreements to process up to 75 MMcf/d of natural gas and handle associated NGL supply and fractionation at its Brazeau River Complex in central Alberta. The deals, which carry initial five-year terms with fees fixed at market rates and subject to inflationary adjustments, secure significant dedicated gas volumes and grant Tidewater marketing rights to ethane, propane and butane from the processed gas, further bolstering utilization of the highly contracted Brazeau facility and supporting the company’s drive to lock in stable, fee-based revenue while it continues discussions to contract the remaining capacity.

The most recent analyst rating on (TSE:TWM) stock is a Hold with a C$5.00 price target. To see the full list of analyst forecasts on Tidewater Midstream and Infrastructure stock, see the TSE:TWM Stock Forecast page.

Tidewater Secures BC LCFS Credits for Renewable Fuel Production

Tidewater Midstream and Infrastructure Ltd. has entered into an agreement with the Government of British Columbia to receive BC LCFS Credits, which will support the production of low-carbon renewable gasoline and diesel at the Prince George Refinery. This initiative, along with a previous agreement, is expected to fund half the cost of renewable feedstocks needed for co-processing, reducing carbon emissions in British Columbia by over 60,000 metric tonnes annually and supporting the economic success of the refinery.

The most recent analyst rating on (TSE:TWM) stock is a Hold with a C$5.00 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 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 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.