RE:RE:RE:RE:Undisclosed DivestmentNGL traikers are near new $400K each, tractors $100K each and condi units $250 K ea. Looks like TWM got their reward from the buyers of perhaps the newest fleet cash paid, in W.Can for $0.35 on the dollar lol....probably sold to their friends and relatives haha.
fauxtomato wrote: This is what you'd pay $50M for?
The NGL Trucking Acquisition
Tidewater also entered an agreement with Mach Energy Services Inc. ("Mach") to acquire six tractors, seven NGL trailers and three condensate trailers for a total consideration of $3.5 million in cash. The NGL Trucking Acquisition enhances the value of the recently announced fractionation facility at the BRC gas plant and NGL truck-out gas processing facilities by providing further control of its operations, and is consistent with Tidewater's strategy to enhance its logistics network and market access infrastructure throughout the natural gas and NGL value chain. Tidewater estimates the NGL Trucking Acquisition to generate annualized EBITDA of $0.9 million, which is a 4.0x multiple based on total consideration of $3.5 million in cash.