Q2 2025 Tidewater Midstream and Infrastructure Ltd Earnings Call Transcript

Aug 14, 2025 / 04:00 PM GMT

Release Date Price: $3.12

Transcript

Key Points

Positve

Tidewater Renewables successfully contracted offtakes for over 70% of forecasted production from the HDRD facility for the second half of 2025.
The company reported strong financial results for Tidewater Renewables with a net income of $13 million and adjusted EBITDA of $10.7 million, marking an $8 million improvement from the previous quarter.
Tidewater Midstream's Brazil River Complex had a throughput of 95 million cubic feet per day, which is higher than the second quarter of 2024.
The company is making progress on non-core asset sales, having executed agreements for approximately $38 million in sales during 2025.
Tidewater Renewables received approval for an initiative agreement with the government of British Columbia, providing additional support in the form of BCL CFS credits.

Negative

Tidewater Midstream reported a consolidated net loss attributable to shareholders of $16.3 million during the second quarter of 2025.
The Prince George refinery throughput was 17% lower than the second quarter of 2024 due to operational and feedstock composition adjustments.
PGR continues to be impacted by lower refined product margins driven by an oversupply of diesel in Western Canada.
Consolidated adjusted EBITDA for Tidewater Midstream was $16 million during the second quarter of 2025, significantly lower than $45.3 million during the second quarter of 2024.
The company faces ongoing challenges in optimizing sales and finding the best logistical costs from the refinery, indicating a competitive market environment.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TWM.TO - Tidewater Midstream and Infrastructure Ltd
Q2 2025 Tidewater Midstream and Infrastructure Ltd Earnings Call
Aug 14, 2025 / 04:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning ladies and gentlemen and welcome to the Tidewater Midstream and Infrastructure Limited and Tidewater Renewables Limited 2nd quarter 2025 financial results conference call. At this time, all lines are in listen-only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call you require immediate assistance, please press 0 for the operator. This call is being recorded on Thursday, August 14th of 2025.

I would now like to turn the conference over to Michael Pratcher, manager of investor relations. Please go ahead, sir.

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