Tidewater Midstream and Infrastructure Ltd. (T:TWM*CA)
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 | ||
| Robert F. Colcleugh Interim Chief Executive Officer, Director | Brian John Newmarch Chief Financial Officer | Jarvis A. Williams President of Downstream |
| Brent Daniel Booth Executive Vice President - Marketing and Commercial Business Development | Kent Chicilo Executive Vice President - Shared Services, Chief Legal Officer and Corporate Secretary | Jeffery T. Ketch Executive Vice President - Field Operations | Terrence Dumont Chief Operating Officer, Midstream |
| Business Overview |
| Tidewater Midstream and Infrastructure Ltd. is a diversified energy infrastructure company that is focused on natural gas processing, fractionation, liquids upgrading, storage and transportation, and marketing. The Company's operations include downstream facilities, natural gas processing facilities, natural gas liquids infrastructure, pipelines, storage, and various renewable initiatives. Its 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 sulphur handling solutions and rail connections. The Company also markets crude, refined products, natural gas, natural gas liquids and renewable products and services to customers across North America. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Tidewater Midstream and Infrastructr Ltd revenues decreased 23% to C$2.21B. Net loss totaled C$385.9M vs. income of C$8.5M. Revenues reflect NGL marketing and extraction, segment decrease of 27% to C$1.2B, Downstream segment decrease of 22% to C$783.1M. Net loss reflects Impairment expense increase from C$55M to C$417.6M (expense). |
| Employees: | 392 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $764.30M as of Dec 31, 2023 |
| Annual revenue (TTM): | $2,208M as of Dec 31, 2023 |
| EBITDA (TTM): | $91.20M as of Dec 31, 2023 |
| Net annual income (TTM): | -$385.90M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$172.10M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $432.30M as of Dec 31, 2023 |
| Shares outstanding: | 428,565,974 as of Apr 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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