Tidewater Midstream and Infrastructure (TSX:TWM) Return-on-Tangible-Equity: -64.01% (As of Mar. 2026)


TSX:TWM Tidewater Midstream and Infrastructure Ltd TSX:TWM
56 GF Score
Price C$16.99
GF Value C$7.42
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Tidewater Midstream and Infrastructure Return-on-Tangible-Equity?

Tidewater Midstream and Infrastructure TSX:TWM +1.92% 56 Return-on-Tangible-Equity is -64.01% as of Mar. 2026. GuruFocus rates TSX:TWM with a GF Score™ of 56/100 and a GF Value™ of C$7.42 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 944 Oil & Gas companies, Tidewater Midstream and Infrastructure ranks worse than 90.15% on this metric.

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Tidewater Midstream and Infrastructure's annualized net income for the quarter that ended in Mar. 2026 was C$-108 Mil. Tidewater Midstream and Infrastructure's average shareholder tangible equity for the quarter that ended in Mar. 2026 was C$169 Mil. Therefore, Tidewater Midstream and Infrastructure's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -64.01%.

The historical rank and industry rank for Tidewater Midstream and Infrastructure's Return-on-Tangible-Equity or its related term are showing as below:

TSX:TWM' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -76.11   Med: -0.08   Max: 13.71
Current: -50.97

During the past 11 years, Tidewater Midstream and Infrastructure's highest Return-on-Tangible-Equity was 13.71%. The lowest was -76.11%. And the median was -0.08%.

TSX:TWM's Return-on-Tangible-Equity is ranked worse than
90.15% of 944 companies
in the Oil & Gas industry
Industry Median: 6.73 vs TSX:TWM: -50.97

Tidewater Midstream and Infrastructure  (TSX:TWM) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


Tidewater Midstream and Infrastructure Return-on-Tangible-Equity Related Terms


Tidewater Midstream and Infrastructure Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Tidewater Midstream and Infrastructure's Return-on-Tangible-Equity 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.

Tidewater Midstream and Infrastructure Return-on-Tangible-Equity Chart

Tidewater Midstream and Infrastructure Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.71 1.29 -76.11 -8.85 -47.46

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
Return-on-Tangible-Equity 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 -46.24 -25.86 -59.80 -60.94 -64.01

TSX:TWM vs WMB, EPD, KMI: Return-on-Tangible-Equity Comparison

For the Oil & Gas Midstream subindustry, Tidewater Midstream and Infrastructure's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tidewater Midstream and Infrastructure's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Tidewater Midstream and Infrastructure's Return-on-Tangible-Equity falls into.


TSX:TWM
56GF Score
Tidewater Midstream and Infrastructure Ltd TSX:TWM
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tidewater Midstream and Infrastructure Return-on-Tangible-Equity Calculation

Tidewater Midstream and Infrastructure's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=-112.2/( (290.6+182.2 )/ 2 )
=-112.2/236.4
=-47.46 %

Tidewater Midstream and Infrastructure's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=-108.4/( (182.2+156.5)/ 2 )
=-108.4/169.35
=-64.01 %

* 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.

In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

What does a Return-on-Tangible-Equity of -64.01% mean?
Tidewater Midstream and Infrastructure (TSX:TWM) has a Return-on-Tangible-Equity of -64.01% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Tidewater Midstream and Infrastructure and its competitors. According to the industry distribution chart, Tidewater Midstream and Infrastructure ranks #851 out of 944 companies in the Oil & Gas industry, placing it in the top 90.1%.
Is Tidewater Midstream and Infrastructure's Return-on-Tangible-Equity too high?
Tidewater Midstream and Infrastructure's current Return-on-Tangible-Equity is -64.01%. Based on the distribution chart, Tidewater Midstream and Infrastructure ranks #851 out of 944 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Tidewater Midstream and Infrastructure has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tidewater Midstream and Infrastructure's Return-on-Tangible-Equity compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, Tidewater Midstream and Infrastructure ranks #851 out of 944 companies for Return-on-Tangible-Equity. This places Tidewater Midstream and Infrastructure in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.73. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for an Oil & Gas company?
The median Return-on-Tangible-Equity among Oil & Gas companies is 6.73, based on 944 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Tidewater Midstream and Infrastructure and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 6.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tidewater Midstream and Infrastructure's current Return-on-Tangible-Equity is -64.01%. 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 (TSX:TWM) is currently considered Significantly Overvalued. The stock's GF Value™ is C$7.42, compared to a current price of C$16.99 — trading 129% above its estimated fair value. The current Return-on-Tangible-Equity is -64.01%. Tidewater Midstream and Infrastructure's overall GF Score™ is 56/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Tidewater Midstream and Infrastructure (TSX:TWM), the current Return-on-Tangible-Equity is -64.01% 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 (TSX:TWM) Overvalued in 2026?

Based on GuruFocus' analysis, Tidewater Midstream and Infrastructure stock appears to be overvalued. The current stock price of C$16.99 is trading 129% above its estimated GF Value™ of C$7.42. GuruFocus considers Tidewater Midstream and Infrastructure to be Significantly Overvalued.

Key valuation signals for TSX:TWM:

  • Return-on-Tangible-Equity: -64.01%
  • GF Value™: C$7.42 vs. price of C$16.99 (129% above fair value)
  • GF Score™: 56/100 with 9 warning signs

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


Tidewater Midstream and Infrastructure Business Description

Industry EnergyOil & Gas
Other Exchanges TWMIF:USATL50:Germany
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, 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.
56GF Score

Get the complete analysis for TSX:TWM

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

C$16.99
Price
C$7.42
GF Value