The earnings call highlighted several strategic advancements, such as the acquisition of the Western Pipeline and increased renewable diesel offtakes. However, these were offset by financial losses, extended outages, and challenges in natural gas markets. Despite some positive strategic and operational developments, the financial setbacks and operational challenges create a balanced sentiment.

Company Guidance

During the third quarter 2025 financial results call for Tidewater Midstream and Infrastructure Limited and Tidewater Renewables Limited, several key metrics and strategic initiatives were highlighted. Tidewater Renewables reported a net loss of $1 million, contrasting with a net income of $13 million in the previous quarter, primarily due to noncash items. However, adjusted EBITDA increased by 54% to $16.5 million, driven by higher equity investment contributions. The company achieved 100% contracted offtakes for renewable diesel production for the remainder of 2025, with expectations to direct over 80% of 2026 production toward renewable diesel sales. Meanwhile, Tidewater Midstream reported a consolidated net loss of $34.1 million, largely impacted by previous unrealized gains on derivative contracts. Despite this, the company maintained a consistent adjusted EBITDA of $16.2 million. Strategic initiatives include the acquisition of the Western Pipeline and the execution of an agreement with the government of British Columbia to secure BC-LCFS credits, expected to fund approximately 50% of renewable feedstocks costs in 2026 and 2027. Additionally, the Prince George Refinery's throughput increased by 4% from the previous quarter, with margins expected to improve due to stronger crack spreads observed in October and November.

Successful Acquisition of Western Pipeline

Tidewater successfully closed the acquisition of the Western Pipeline on September 25, 2025, which is expected to yield $10 million to $15 million in anticipated annual cost savings.

Biofuels Production Incentive Program

The Canadian government announced a $370 million biofuels production incentive program, expected to benefit Tidewater Renewables significantly from January 2026 through December 2027.

High Contracted Offtakes for Renewable Diesel

Tidewater Renewables has increased its contracted offtakes to cover 100% of forecasted renewable diesel production for 2025 and over 80% for 2026.

Optimized Turnaround Schedules

Tidewater Renewables optimized turnaround schedules to extend catalyst life to approximately 2.5 years, with the next turnaround planned for 2028, maximizing production during the incentive program period.

Increased Throughput in Midstream Operations

The BRC gas processing facility's throughput increased from 95 million cubic feet per day in Q2 2025 to 124 million cubic feet per day in Q3 2025.

Tidewater Midstream and Infrastructure (TWMIF) 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 >

TWMIF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 05, 2026	2025 (Q4)	-0.25 / -	-0.143	―	―	―
Nov 13, 2025	2025 (Q3)	-0.33 / -1.13	-0.285	-295.00% (-0.84)	―	―
Aug 14, 2025	2025 (Q2)	-0.55 / -0.57	-0.143	-300.00% (-0.43)	―	―
May 08, 2025	2025 (Q1)	-0.59 / -1.00	-0.428	-133.33% (-0.57)	―	―
Mar 27, 2025	2024 (Q4)	-0.82 / -0.14	-11.118	98.72% (+10.98)	―	―
Nov 14, 2024	2024 (Q3)	-0.44 / -0.29	-0.713	60.00% (+0.43)	―	―
Aug 15, 2024	2024 (Q2)	-0.09 / -0.14	-0.285	50.00% (+0.14)	―	―
May 09, 2024	2024 (Q1)	0.04 / -0.43	-0.855	50.00% (+0.43)	―	―
Mar 14, 2024	2023 (Q4)	-0.28 / -11.12	-0.998	-1014.29% (-10.12)	―	―
Nov 09, 2023	2023 (Q3)	-0.11 / -0.71	-0.713	0.00% (0.00)	―	―

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

TWMIF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 13, 2025	$4.22	$4.17	-1.14%
Aug 14, 2025	$3.34	$3.26	-2.40%
May 08, 2025	$4.07	$2.84	-30.22%
Mar 27, 2025	$3.04	$3.52	+15.79%

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 (TWMIF) report earnings?

Tidewater Midstream and Infrastructure (TWMIF) is schdueled to report earning on Mar 05, 2026, Before Open (Confirmed).

What is Tidewater Midstream and Infrastructure (TWMIF) earnings time?

Tidewater Midstream and Infrastructure (TWMIF) earnings time is at Mar 05, 2026, 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 TWMIF EPS forecast?

TWMIF EPS forecast for the fiscal quarter 2025 (Q4) is -0.25.

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