Tidewater Midstream and Infrastructure (FRA:TL50) EBIT: €-23.0 Mil (TTM As of Mar. 2026)

What is Tidewater Midstream and Infrastructure EBIT?

Tidewater Midstream and Infrastructure FRA:TL50 42 EBIT is €-23.0 Mil as of Mar. 2026. GuruFocus rates FRA:TL50 with a GF Score™ of 42/100 and a GF Value™ of €4.42 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Tidewater Midstream and Infrastructure's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €-1.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €-23.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tidewater Midstream and Infrastructure's annualized ROC % for the quarter that ended in Mar. 2026 was 12.70%. Tidewater Midstream and Infrastructure's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -1.48%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tidewater Midstream and Infrastructure's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -3.76%.

Tidewater Midstream and Infrastructure (FRA:TL50) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Tidewater Midstream and Infrastructure's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

	ROC % (Q: Mar. 2026 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2025 )	+	Invested Capital (Q: Mar. 2026 ))	/ count )
=	82.968 * ( 1 - 0% )	/	( (679.362	+	627.378)	/ 2 )
=	82.968	/	653.37
=	12.70 %

where

	Invested Capital		(Q: Dec. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	684.252	-	99.855	-	( 0.681	-	max(0, 245.831	-	150.866	+	0.681	))
=	679.362

	Invested Capital		(Q: Mar. 2026 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	734.998	-	128.93	-	( 0	-	max(0, 228.607	-	207.297	+	0	))
=	627.378

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Tidewater Midstream and Infrastructure's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2026 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2025		Q: Mar. 2026
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-7.564	/	( ( (501.938 + max(11.824, 0))	+	(495.168 + max(10.655, 0)) )	/	2 )
=	-7.564	/	( ( 513.762	+	505.823 )	/	2 )
=	-7.564	/	509.7925
=	-1.48 %

where Working Capital is:

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(74.288	+	59.802	+	16.095)	-	(99.855	+	20.429	+	18.077)
=	11.824

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(103.144	+	87.635	+	16.518)	-	(128.93	+	22.508	+	45.204)
=	10.655

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Tidewater Midstream and Infrastructure's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	-22.981	/	610.667
	=	-3.76 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Tidewater Midstream and Infrastructure EBIT Related Terms

Tidewater Midstream and Infrastructure EBIT Historical Data

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The historical data trend for Tidewater Midstream and Infrastructure's EBIT can be seen below:

Tidewater Midstream and Infrastructure EBIT Chart

Tidewater Midstream and Infrastructure Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

Get a 7-Day Free Trial

115.33

66.43

-240.12

38.21

-30.46

Tidewater Midstream and Infrastructure Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
EBIT	Get a 7-Day Free Trial															-9.60	3.55	-11.27	-13.37	-1.89

FRA:TL50 vs WMB, EPD, KMI: EBIT Comparison

For the Oil & Gas Midstream subindustry, Tidewater Midstream and Infrastructure's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tidewater Midstream and Infrastructure EV-to-EBIT vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tidewater Midstream and Infrastructure's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Tidewater Midstream and Infrastructure's EV-to-EBIT falls into.

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42GF Score

Tidewater Midstream and Infrastructure Ltd FRA:TL50

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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Tidewater Midstream and Infrastructure EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-23.0 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of €-23.0 Mil mean?

Tidewater Midstream and Infrastructure (FRA:TL50) has a EBIT of €-23.0 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Tidewater Midstream and Infrastructure.

Is Tidewater Midstream and Infrastructure's EBIT too high?

Tidewater Midstream and Infrastructure's current EBIT is €-23.0 Mil. Overall, Tidewater Midstream and Infrastructure has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Tidewater Midstream and Infrastructure's EBIT compare to WMB and EPD?

Tidewater Midstream and Infrastructure's EBIT of €-23.0 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for an Oil & Gas company?

A good EBIT depends on the Oil & Gas industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Tidewater Midstream and Infrastructure. Tidewater Midstream and Infrastructure's current EBIT is €-23.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Tidewater Midstream and Infrastructure stock overvalued right now?

Based on GuruFocus' analysis, Tidewater Midstream and Infrastructure (FRA:TL50) is currently considered Significantly Overvalued. The stock's GF Value™ is €4.42, compared to a current price of €10.10 — trading 128.5% above its estimated fair value. The current EBIT is €-23.0 Mil. Tidewater Midstream and Infrastructure's overall GF Score™ is 42/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBIT calculated?

EBIT is calculated from a company's financial statements. For Tidewater Midstream and Infrastructure (FRA:TL50), the current EBIT is €-23.0 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Tidewater Midstream and Infrastructure (FRA:TL50) Overvalued in 2026?

Based on GuruFocus' analysis, Tidewater Midstream and Infrastructure stock appears to be overvalued. The current stock price of €10.10 is trading 128.5% above its estimated GF Value™ of €4.42. GuruFocus considers Tidewater Midstream and Infrastructure to be Significantly Overvalued.

Key valuation signals for FRA:TL50:

EBIT: €-23.0 Mil
GF Value™: €4.42 vs. price of €10.10 (128.5% above fair value)
GF Score™: 42/100 with 7 warning signs

No single metric tells the full story. See the FRA:TL50 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Tidewater Midstream and Infrastructure Business Description

Industry Energy Oil & Gas

Comparable Companies TSXV:ATLE TSXV:SRR TSX:ENB WMB EPD KMI TSX:TRP ET TRGP MPLX OKE LNG CQP TSX:PPL VG SHSE:601872 WES PAA DTM HKSE:01138

Other Exchanges TWMIF:USA TWM:Canada

Address 222 - 3rd Avenue SW, Suite 900, Calgary, AB, CAN, T2P 0B4

Website https://www.tidewatermidstream.com

Tidewater Midstream and Infrastructure Ltd is a Canadian company that is engaged in providing midstream infrastructure and a natural gas storage facility. It mainly focuses on the purchase, sale, and transportation of Natural Gas Liquids (NGLs) such as propane, butane, and natural gasoline throughout North America and exports to premium markets. The business activities of the company include gathering, processing, and transportation related to raw gas gathering systems, processing plants, and pipelines, NGL marketing and Extraction, refined products, and other activities.

42GF Score

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EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€10.10

Price

€4.42

GF Value

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