1. Canada Stocks

  2. •

    Energy

  3. •

    Oil & Gas Midstream
Tidewater Midstream and Infrastructure Ltd.

Tidewater Midstream and Infrastructure Ltd.

TWMIF
Tidewater Midstream and Infrastructure Ltd.US flagOther OTC
15.02
USD
+1.18
- -
328.13MMarket Cap
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
8.47
13.53
19.69
41.59
57.91
99.96
154.54
103.82
76.3
61.04
64.38
Basic EPS, GAAP
- -
1.17
0.79
1.23
-0.41
-2
4.21
0.46
-18.14
-1.24
-5.19
-4.96
Free Cash Flow per Basic Share
- -
-2.07
-3.78
-17.61
-23.42
7.96
0.58
-5.72
6.46
-1.56
2.65
3.6
Dividend per Share
- -
0.79
0.78
0.8
0.8
0.8
0.8
0.78
0.8
- -
- -
- -
Book Value per Share
- -
28.84
26.86
28.14
27.08
23.92
35.2
36.73
13.54
12.28
7.03
5.8
Tangible Book Value per Share
- -
28.88
26.97
28.64
28.44
25.35
37.83
40.11
16.01
15.49
10.05
9.08
Basic Weighted Avg Shares
- -
13
16
16
17
17
17
19
21
22
22
22
Sales/Revenue/Turnover
- -
110
221
324
692
979
1,698
2,875
2,208
1,640
1,318
1,394
Operating Margin (%)
- -
16.15
13.11
6.52
0.57
4.94
3.09
3.36
0.48
4.49
-3.38
0.56
Depreciation Expense
- -
14
25
46
60
86
82
84
97
90
64
63
Net Income, GAAP
- -
15
13
20
-7
-34
72
8
-386
-27
-112
-108
Effective Tax Rate (%)
- -
19.62
27.52
31.67
- -
- -
21.55
28.68
- -
- -
- -
- -
Profit Margin (%)
- -
13.76
5.81
6.27
-0.97
-3.45
4.21
0.3
-17.47
-1.62
-8.51
-7.71
Working Capital
17
-49
30
-69
-55
9
-162
-101
-321
77
-153
-34
LT Debt
31
- -
182
357
970
993
700
870
239
545
401
525
Total Equity
209
375
441
472
473
429
643
746
340
333
217
197
Return on Invested Capital (%)
- -
4.3
4.01
1.98
- -
- -
2.74
4.31
- -
- -
- -
- -
Return on Capital (%)
- -
4.63
3.28
3.86
- -
- -
8.51
3
- -
- -
- -
- -
Return on Common Equity (%)
- -
5.19
3.16
4.5
-1.48
-7.9
14.26
1.33
-79.46
-9.64
-53.97
-60.09

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
188
174
51
LT Borrowings
386
393
518
LT Finance Leases
10
8
7
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
22
22
22
Market Capitalization
134
110
194

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
260
244
329
Cash, Cash Equivalents & STI
2
1
- -
Accounts Receivable, Net
117
120
164
Inventories
109
97
139
Total Current Liabilities
396
397
363
Payables & Accruals
154
161
204
ST Debt
188
174
51
Deferred Revenue
34
33
36

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.97%
-5.07%
-34.8%
Free Cash Flow
- -
-378.35%
-270.75%
Net Income, GAAP
- -
-962.23%
321.8%
Sales/Revenue/Turnover
- -
14.83%
-19.63%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
440
461
378
362
1,640
2025
310
341
354
314
1,318
2026
386
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.53
-0.22
-0.34
- -
-1.24
2025
-1.47
-0.76
-1.58
- -
-5.19
2026
-1.24
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Jeremy R. Baines
Full Time Employees
312
Sector
Energy
Industry
Oil & Gas Midstream
Address
222 – 3rd Avenue S.W. Calgary AB Canada T2P 0B4
IPO Date
Nov 15, 2017
Website
tidewatermidstream.com
Similar Companies
Friedrich Vorwerk Group SE (VH2.DE)
PTL Limited (PTLE)
Delek Logistics Partners, LP (DKL)
Enbridge Inc. (EBRZF)
Rattler Midstream LP (RTLR)
Golar LNG Limited (GLNG)
Business
Tidewater Midstream and Infrastructure Ltd. operates as a diversified midstream and infrastructure company focused on the North American natural gas, natural gas liquids, crude oil, refined products, and renewable energy value chain. The company provides natural gas processing at facilities including the Brazeau River Complex with 180 mmcf/d throughput capacity and NGL fractionation capability of 10 mbbl/d, the BRC full-service natural gas and NGL processing with gas storage, Ram River Gas Plant for sour natural gas processing with sulfur handling and rail connections, and three ethane extraction plants in central Alberta with combined 200 mmcf/d capacity; it offers NGL infrastructure such as fractionation, terminalling, pipelines, railcars, storage exceeding 1.0 mmbbl, and export terminals; downstream operations encompass the Prince George Refinery, the sole light oil refinery in British Columbia's interior with 12.0 mbbl nameplate capacity refining approximately 85% BC light oil and 15% Boundary Lake feedstock into over 45% diesel and over 40% gasoline yields, along with co-processing for renewables; and it markets crude oil, refined petroleum products including gasoline, low sulphur diesel, heavy fuel oil, liquefied petroleum gas, ethanol, very low sulfur fuel oil, renewable fuels, and emissions credits, as well as natural gas, condensate, and NGLs to customers across North America. Tidewater serves producers, consumers, and commercial markets primarily in western Canada including Alberta's Montney, Deep Basin, and central regions, as well as British Columbia and the United States. The company maintains approximately 780 mmcf/d processing capacity in the Deep Basin and additional Montney assets with around 180 mmcf/d capacity, complemented by a majority ownership stake in Tidewater Renewables Ltd. for renewable initiatives such as the HDRD Complex. Founded in 2015 and headquartered in Calgary, Alberta, Canada, Tidewater most recently closed the acquisition of the North Segment of Pembina Pipeline Corporation's Western Pipeline System on September 25, 2025, for approximately $1.2 million in cash plus assumed abandonment liabilities of about $30.0 million, enhancing feedstock procurement flexibility and cost efficiencies for the Prince George Refinery through a 25-year interconnection agreement at the Taylor Terminal.

Company News

APIChatGPT

  • seekingalpha.com

    Tidewater Midstream and Infrastructure Ltd. (TWM:CA) Q1 2026 Earnings Call Transcript

  • newsfilecorp.com

    Axiom Announces Manola Divestiture and Additional Tidewater Midstream and Infrastructure Ltd. Lawsuit

  • newsfilecorp.com

    Axiom Oil and Gas Inc. Maintains $110 Million Lawsuit Against Tidewater Midstream and Infrastructure Ltd. Related to Brazeau Property for Sale

  • newsfilecorp.com

    Axiom Oil and Gas Inc. Announces Property Sales, Files $110 Million Lawsuit Against Tidewater Midstream and Infrastructure Ltd.

  • seekingalpha.com

    Tidewater Midstream and Infrastructure Ltd. (TWM:CA) Q3 2025 Earnings Call Transcript

  • seekingalpha.com

    Tidewater Midstream and Infrastructure Ltd. (TWMIF) Q1 2025 Earnings Conference Call Transcript

  • seekingalpha.com

    Tidewater Midstream and Infrastructure Ltd. (TWMIF) Q4 2024 Earnings Call Transcript

  • seekingalpha.com

    Tidewater Midstream and Infrastructure Ltd. (TWMIF) Q4 2023 Earnings Call Transcript

  • seekingalpha.com

    Tidewater Midstream and Infrastructure Ltd. (TWMIF) Q3 2023 Earnings Call Transcript

  • seekingalpha.com

    Tidewater Midstream: Moving In The Right Direction

  • seekingalpha.com

    Tidewater Midstream and Infrastructure Ltd (TWMIF) Q2 2023 Earnings Call Transcript

  • seekingalpha.com

    Tidewater Midstream and Infrastructure Ltd. (TWMIF) Q1 2023 Earnings Call Transcript

  • seekingalpha.com

    Tidewater Midstream: Trading At Just 4x EBITDA On A Deconsolidated Basis

  • seekingalpha.com

    Tidewater Midstream and Infrastructure Ltd. (TWMIF) Q3 2022 Earnings Call Transcript

  • seekingalpha.com

    Tidewater Midstream: Maturity Wall Cleared, Focus On Next Catalysts

  • seekingalpha.com

    Tidewater Midstream and Infrastructure Ltd. (TWMIF) CEO Joel MacLeod on Q1 2022 Results - Earnings Call Transcript

  • seekingalpha.com

    Tidewater Midstream & Infrastructure Ltd. (TWMIF) CEO Joel MacLeod on Q1 2020 Results - Earnings Call Transcript