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Tidewater Midstream and Infrastructure (TSX:TWM) EBIT : C$-351 Mil (TTM As of Dec. 2023)


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What is Tidewater Midstream and Infrastructure EBIT?

Tidewater Midstream and Infrastructure's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was C$-344 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was C$-351 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 Dec. 2023 was -4.08%. Tidewater Midstream and Infrastructure's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -105.01%.

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 Dec. 2023 was -47.69%.


Tidewater Midstream and Infrastructure EBIT Historical Data

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

* 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.

* Premium members only.

Tidewater Midstream and Infrastructure EBIT Chart

Tidewater Midstream and Infrastructure Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only 10.77 25.44 166.80 95.60 -351.30

Tidewater Midstream and Infrastructure Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -15.10 -18.10 18.60 -8.10 -343.70

Competitive Comparison of Tidewater Midstream and Infrastructure's EBIT

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's EV-to-EBIT Distribution in the 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.



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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-351 Mil.

* 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  (TSX:TWM) 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 Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=-79.6 * ( 1 - 8.93% )/( (1891 + 1658.7)/ 2 )
=-72.49172/1774.85
=-4.08 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) 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 Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1374.8/( ( (1280.1 + max(413.7, 0)) + (924.5 + max(-127.9, 0)) )/ 2 )
=-1374.8/( ( 1693.8 + 924.5 )/ 2 )
=-1374.8/1309.15
=-105.01 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(254.8 + 52.7 + 603.3) - (382.4 + 0 + 114.7)
=413.7

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(147.8 + 98.1 + 21.1) - (265.9 + 0 + 129)
=-127.9

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) 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: Dec. 2023 )
=-351.3/736.582
=-47.69 %

* 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

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Tidewater Midstream and Infrastructure (TSX:TWM) Business Description

Traded in Other Exchanges
Address
222 - 3rd Avenue SW, Suite 900, Calgary, AB, CAN, T2P 0B4
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 and natural gasoline throughout North America and export to premium markets. The business activities of the company include gathering, processing, and transportation relates to raw gas gathering systems, processing plants and pipelines, NGL marketing and Extraction, refined products, and other activities. Its business segments consist of Midstream; Downstream; Marketing and others. The company generates maximum revenue from the Marketing and other.

Tidewater Midstream and Infrastructure (TSX:TWM) Headlines