Based on this, they missed on the EPS but as can be seen, the analysts weren't even close as they had a huge beat on revenue. GLTA
09:47 AM EST, 11/10/2022 (MT Newswires) -- Tidewater Midstream and Infrastructure Ltd. (TSX: TWM) on Thursday reported Q3 net loss attributable to shareholders of $18.8 million, or $0.05 per basic and diluted share, compared with net income of $1.8 million, or $0.01 per share, a year earlier.
Analysts polled by Capital IQ expected EPS at $0.04.
Revenue for the quarter ended Sept. 30 increased to $712.13 million from $433.96 million a year earlier.
Analysts surveyed by Capital IQ expected revenue at $494.14 million.
The company increased its full-year 2022 consolidated adjusted EBITDA guidance to $235-$255 million from a range of $230-$245 million due to the outperformance of Tidewater Renewables, in which it holds a 69% ownership stake. It expects its deconsolidated adjusted EBITDA to be at the high end of its original $180-190 million guidance.
Tidewater Midstream also said that, due to inflationary pressures, its deconsolidated maintenance capital budget has been increased from a range of $35-$40 million to $40-$45 million, with Tidewater Renewables' Renewable Diesel and Renewable Hydrogen project expecting costs to be 10% higher than originally forecast.