Tidewater Midstream and Infrastructure Ltd. (T:TWM)
Business Focus: Oil & Gas Refining and Marketing (NEC)
| Sector: Energy | Industry: Oil & Gas Refining and Marketing |
| Company Contact | |
| Address: | 222 3 Ave SW Suite 900 CALGARY AB T2P 0B4 |
| Tel: | N/A |
| Website: | https://www.tidewatermidstream.com |
| IR: | See website |
| Key People | ||
| Jeremy R. Baines Chief Executive Officer, Director | Aaron Ames Interim Chief Financial Officer | Brent Daniel Booth Executive Vice President - Marketing and Commercial Business Development |
| Kent Chicilo Executive Vice President - Shared Services, Chief Legal Officer and Corporate Secretary | Jared Gurevitch Executive Vice President - Midstream Commercial | Shawn Heaney Executive Vice President - Planning and Strategy |
| John Mcgougan Executive Vice President - Midstream Operations | Matt Millard Executive Vice President - Downstream Operations | Jeff Scott Executive Vice President - Downstream Commercial |
| Business Overview |
| Tidewater Midstream and Infrastructure Ltd. is a diversified midstream and infrastructure company with an integrated value chain across North American natural gas, natural gas liquids (NGLs), crude oil, refined product, and renewable energy markets. The Company's operations include downstream facilities, natural gas processing facilities, NGLs infrastructure, pipelines, storage, and various renewable initiatives. It also markets crude, refined products, natural gas, NGLs and renewable products and services to customers across North America. Its key midstream assets include the Brazeau River Complex and Fractionation Facility (BRC), a full-service natural gas and NGL processing facility with natural gas storage pools, and the Ram River Gas Plant, a sour natural gas processing facility with sulfur handling solutions and rail connections. Its key downstream asset is the Prince George Refinery (PGR), the sole light oil refinery within the interior British Columbia market. |
| Financial Overview |
| For the nine months ended 30 September 2024, Tidewater Midstream and Infrastructr Ltd revenues decreased 25% to C$1.28B. Net loss decreased 57% to C$23.3M. Revenues reflect NGL marketing and extraction, segment decrease of 54% to C$426.8M, Manistream segment decrease of 53% to C$84.9M. Lower net loss reflects FV/Uls Adjust on Derivatives for Hedging increase from C$44.2M (expense) to C$16M (income). |
| Employees: | 392 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $490.40M as of Sep 30, 2024 |
| Annual revenue (TTM): | $1,782M as of Sep 30, 2024 |
| EBITDA (TTM): | $157.40M as of Sep 30, 2024 |
| Net annual income (TTM): | -$355.10M as of Sep 30, 2024 |
| Free cash flow (TTM): | -$144.80M as of Sep 30, 2024 |
| Net Debt Last Fiscal Year: | $562.00M as of Sep 30, 2024 |
| Shares outstanding: | 430,400,586 as of Nov 14, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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