Tidewater Midstream and Infrastructure Ltd T.TWM

Alternate Symbol(s): TWMIF | T.TWM.DB.A

Energy Oil & Gas Midstream

Tidewater Midstream and Infrastructure Ltd. is a diversified midstream and infrastructure company with an integrated value chain across North American natural gas, natural gas liquids (NGLs), crude oil, refined product, and renewable energy markets. The Company's operations include downstream facilities, natural gas processing facilities, NGLs infrastructure, pipelines, storage, and various renewable initiatives. It also markets crude, refined products, natural gas, NGLs and renewable products and services to customers across North America. Its key midstream assets include the Brazeau River Complex and Fractionation Facility (BRC), a full-service natural gas and NGL processing facility with natural gas storage pools, and the Ram River Gas Plant, a sour natural gas processing facility with sulfur handling solutions and rail connections. Its key downstream asset is the Prince George Refinery (PGR), the sole light oil refinery within the interior British Columbia market.

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Tidewater Midstream and Infrastructure Ltd > Good quarter .

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Post by divime1on May 13, 2021 7:17am

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Post# 33189826

Good quarter .

Consolidated Financial Highlights

	Three months ended March 31,
(in thousands of Canadian dollars except per share information)		2021		2020
Revenue	$	360,039	$	252,464
Net income (loss) attributable to shareholders (1)	$	8,396	$	(38,140)
Basic net income (loss) attributable to shareholders per share (1)	$	0.02	$	(0.11)
Diluted net income (loss) attributable to shareholders per share (1)	$	0.02	$	(0.11)
Adjusted EBITDA (2)	$	51,113	$	41,506
Net cash provided by operating activities	$	55,532	$	27,990
Distributable cash flow (3)	$	16,917	$	12,489
Distributable cash flow per common share – basic (3)	$	0.05	$	0.04
Distributable cash flow per common share – diluted (3)	$	0.04	$	0.04
Dividends declared	$	3,392	$	3,377
Dividends declared per common share	$	0.01	$	0.01
Total common shares outstanding (000s)		339,154		337,679
Payout ratio (4)		20%		27%
Total assets (1)	$	1,942,120	$	1,857,559
Net debt (5)	$	857,187	$	871,321