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Tidewater Midstream and Infrastructure up Near 6%, Swings to Q2 Profit

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Tidewater Midstream and Infrastructure (TWM.TO), up 5.8% on last look to a more than 2.5 year high, swung to a second-quarter profit of C$0.68 per share, compared with a loss of C$0.75 in the prior year period.

Analysts polled by FactSet had expected a profit of C$1.07 per share.

The company reported a record quarterly consolidated adjusted EBITDA of C$88.9 million for the quarter ended June 30, compared with C$16.0 million in the same period last year.

Tidewater raised its 2026 full year consolidated adjusted EBITDA guidance to C$230 million to C$250 million, which is a 20% increase over the midpoint of the prior guidance, a statement said.

Tidewater Midstream shares were last seen up C$1.24, to C$22.60, on the Toronto Stock Exchange.

Price: $22.65, Change: $+1.29, Percent Change: +6.04%

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