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Tidewater Midstream and Infrastructure Ltd.TSX:TWM Stock Report

Market Cap CA$386.2m
Share Price
CA$17.68
CA$9
96.4% overvalued intrinsic discount
1Y365.3%
7D3.2%
1D
Portfolio Value
View

Tidewater Midstream and Infrastructure Ltd.

TSX:TWM Stock Report

Market Cap: CA$386.2m

Tidewater Midstream and Infrastructure (TWM) Stock Overview

Tidewater Midstream and Infrastructure Ltd. More details

TWM fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance0/6
Financial Health2/6
Dividends0/6

Rewards

Risk Analysis

No risks detected for TWM from our risk checks.

TWM Community Fair Values

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See what others think this stock is worth. Follow their fair value or set your own to get alerts.

Tidewater Midstream and Infrastructure Ltd. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Tidewater Midstream and Infrastructure
Historical stock prices
Current Share PriceCA$17.68
52 Week HighCA$18.37
52 Week LowCA$3.60
Beta0.79
1 Month Change50.47%
3 Month Change163.49%
1 Year Change365.26%
3 Year Change-0.67%
5 Year Change-25.71%
Change since IPO-42.97%

Recent News & Updates

Narrative Update May 23

TWM: Rebased Discount Rate And Sector Upgrade Will Shape Forward Returns

Narrative Update: Tidewater Midstream and Infrastructure The analyst price target for Tidewater Midstream and Infrastructure has moved from CA$10.00 to CA$18.75 as analysts update their models following a series of target raises at major firms and an upgrade to Sector Perform. This reflects revised assumptions for discount rates, revenue growth, profit margins, and future P/E.
Narrative Update May 01

TWM: Lower Discount Rate And Rich P/E Will Pressure Future Returns

Analysts have lifted their average price target on Tidewater Midstream and Infrastructure to CA$9.00, citing updated assumptions around discount rates, revenue growth, profit margins and a lower future P/E multiple that collectively support a higher valuation range. Analyst Commentary Across recent research reports, analysts point to a reassessment of Tidewater Midstream and Infrastructure's valuation framework, even as price targets are updated.
Narrative Update Apr 16

TWM: Lower Discount Rate Will Inflate Pessimistic Future Pricing Expectations

Analysts lifted their CA$ price targets for Tidewater Midstream and Infrastructure by CA$3.60, citing updated assumptions around fair value, discount rates, growth, margins and future P/E multiples that collectively support a higher valuation range. Analyst Commentary Recent research points to a cluster of higher CA$ price targets and at least one rating upgrade, which together signal a shift in how the market is framing Tidewater Midstream and Infrastructure's potential valuation range.
Narrative Update Apr 02

TWM: Higher Brazeau Volumes And Rich P/E Will Shape Future Returns

Tidewater Midstream and Infrastructure’s updated analyst price target has moved from CA$4.50 to CA$9.00, supported by recent target increases from multiple firms and a shift to Sector Perform. Together these changes reflect analysts’ revised views on discount rates, profit margin assumptions and future P/E expectations.

Recent updates

Narrative Update May 23

TWM: Rebased Discount Rate And Sector Upgrade Will Shape Forward Returns

Narrative Update: Tidewater Midstream and Infrastructure The analyst price target for Tidewater Midstream and Infrastructure has moved from CA$10.00 to CA$18.75 as analysts update their models following a series of target raises at major firms and an upgrade to Sector Perform. This reflects revised assumptions for discount rates, revenue growth, profit margins, and future P/E.
Narrative Update May 01

TWM: Lower Discount Rate And Rich P/E Will Pressure Future Returns

Analysts have lifted their average price target on Tidewater Midstream and Infrastructure to CA$9.00, citing updated assumptions around discount rates, revenue growth, profit margins and a lower future P/E multiple that collectively support a higher valuation range. Analyst Commentary Across recent research reports, analysts point to a reassessment of Tidewater Midstream and Infrastructure's valuation framework, even as price targets are updated.
Narrative Update Apr 16

TWM: Lower Discount Rate Will Inflate Pessimistic Future Pricing Expectations

Analysts lifted their CA$ price targets for Tidewater Midstream and Infrastructure by CA$3.60, citing updated assumptions around fair value, discount rates, growth, margins and future P/E multiples that collectively support a higher valuation range. Analyst Commentary Recent research points to a cluster of higher CA$ price targets and at least one rating upgrade, which together signal a shift in how the market is framing Tidewater Midstream and Infrastructure's potential valuation range.
Narrative Update Apr 02

TWM: Higher Brazeau Volumes And Rich P/E Will Shape Future Returns

Tidewater Midstream and Infrastructure’s updated analyst price target has moved from CA$4.50 to CA$9.00, supported by recent target increases from multiple firms and a shift to Sector Perform. Together these changes reflect analysts’ revised views on discount rates, profit margin assumptions and future P/E expectations.
Narrative Update Mar 18

TWM: Rich P/E And Fixed Fee Brazeau Contracts Will Cap Upside

Analysts have maintained their CA$ price target for Tidewater Midstream and Infrastructure, with small adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions guiding this steady view. What's in the News Tidewater Midstream and Infrastructure entered into long term agreements for gas handling and NGL supply and fractionation at its Brazeau River Complex in central Alberta, covering processing and marketing arrangements for multiple products (Key Developments).
Narrative Update Mar 04

TWM: Rich P/E And Fixed Fee Contracts Will Limit Future Upside

Analysts have lifted their CA$ price target on Tidewater Midstream and Infrastructure, pointing to updated assumptions that include a different discount rate, slightly adjusted revenue growth and profit margin expectations, and a revised future P/E of 13.68x as the key drivers of the change. What's in the News Tidewater Midstream and Infrastructure entered into long term agreements for gas handling and NGL supply and fractionation at its Brazeau River Complex in central Alberta, covering both renewed and newly contracted volumes.
Narrative Update Feb 17

TWM: Rich P E And Legal Overhang Will Restrain Future Upside

Analysts have adjusted their price target on Tidewater Midstream and Infrastructure to CA$4.50, reflecting updated views on discount rates, revenue growth, profit margins and future P/E assumptions, while keeping their fair value estimate steady at CA$4.50. What's in the News Tidewater Midstream and Infrastructure entered long term agreements for gas handling and NGL supply and fractionation at its Brazeau River Complex in central Alberta, covering up to 75 MMcf/d of natural gas volumes for an initial term of about five years, with potential evergreen continuation (company announcement).
Narrative Update Feb 02

TWM: Sector Downgrade And Rich P E Assumptions Will Constrain Upside

Analysts have reset their outlook on Tidewater Midstream and Infrastructure with a C$6.00 price target, reflecting updated assumptions for the discount rate, revenue growth, profit margin and future P/E following a recent downgrade to Sector Perform. Analyst Commentary Bearish analysts are signaling a more cautious stance on Tidewater Midstream and Infrastructure after the recent reset to a Sector Perform rating with a C$6.00 price target.
Narrative Update Jan 19

TWM: Sector Downgrade And Execution Risk Will Likely Restrain Future Upside

Analysts have trimmed their price target on Tidewater Midstream and Infrastructure to C$6.00, reflecting updated assumptions around discount rate, revenue growth, profit margins, and future P/E after a recent downgrade to Sector Perform. Analyst Commentary Bearish analysts have framed the new C$6.00 target as a reset that brings expectations closer to what they see as a more balanced risk and reward profile for Tidewater Midstream and Infrastructure.
Analysis Article Jan 10

Health Check: How Prudently Does Tidewater Midstream and Infrastructure (TSE:TWM) Use Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Narrative Update Jan 05

TWM: Neutral Ratings And Legal Dispute Will Likely Cap Future Upside

Analysts have adjusted their view on Tidewater Midstream and Infrastructure following mixed Street research, with one firm moving its target to C$7 from C$6 while another sets C$6 and shifts to a more neutral stance. This range feeds into our updated price target narrative, which is built on tweaked revenue growth, profit margin and future P/E assumptions.
Narrative Update Dec 13

TWM: Rising Multiple Will Likely Outpace Slowing Profitability Ahead

Analysts modestly raised their price target on Tidewater Midstream and Infrastructure to C$7.00 from C$6.00, citing a higher assessed fair value. This comes despite trimming long term revenue growth and margin expectations, as well as applying a slightly higher discount rate and future earnings multiple.
Narrative Update Sep 02

Low-carbon Fuel Momentum Will Energize Western Canadian Markets

Tidewater Midstream and Infrastructure’s consensus analyst price target has surged, likely reflecting reduced valuation multiples and steady profitability, with fair value increasing from CA$0.31 to CA$6.20. What's in the News Announced a 1-for-20 stock split effective September 2.
Analysis Article May 06

A Look At The Intrinsic Value Of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Tidewater Midstream and Infrastructure fair value estimate is...
User avatar
New Narrative Apr 11

BC Mandates And Ram River Gas Processing Will Secure Stability

Increased renewable diesel demand, alongside duties on U.S. imports, could enhance Tidewater's revenue and market stability.
Analysis Article Apr 01

Earnings Update: Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Just Reported And Analysts Are Trimming Their Forecasts

The investors in Tidewater Midstream and Infrastructure Ltd. 's ( TSE:TWM ) will be rubbing their hands together with...
Analysis Article Sep 23

Is Tidewater Midstream and Infrastructure (TSE:TWM) Using Debt In A Risky Way?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Aug 13

Estimating The Fair Value Of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Tidewater Midstream and Infrastructure fair value estimate is...
Analysis Article Mar 19

Is Tidewater Midstream and Infrastructure (TSE:TWM) Using Debt In A Risky Way?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Sep 01

Tidewater Midstream and Infrastructure (TSE:TWM) Use Of Debt Could Be Considered Risky

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Jun 27

Tidewater Midstream and Infrastructure (TSE:TWM) Has Announced A Dividend Of CA$0.01

Tidewater Midstream and Infrastructure Ltd.'s ( TSE:TWM ) investors are due to receive a payment of CA$0.01 per share...
Analysis Article Mar 28

Tidewater Midstream and Infrastructure's (TSE:TWM) Dividend Will Be CA$0.01

The board of Tidewater Midstream and Infrastructure Ltd. ( TSE:TWM ) has announced that it will pay a dividend of...
Analysis Article Mar 10

Is Tidewater Midstream and Infrastructure (TSE:TWM) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Nov 16

Need To Know: Analysts Are Much More Bullish On Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Revenues

Tidewater Midstream and Infrastructure Ltd. ( TSE:TWM ) shareholders will have a reason to smile today, with the...

Shareholder Returns

TWMCA Oil and GasCA Market
7D3.2%0.9%1.6%
1Y365.3%56.6%33.7%

Return vs Industry: TWM exceeded the Canadian Oil and Gas industry which returned 56.7% over the past year.

Return vs Market: TWM exceeded the Canadian Market which returned 33.7% over the past year.

Price Volatility

Is TWM's price volatile compared to industry and market?
TWM volatility
TWM Average Weekly Movement7.9%
Oil and Gas Industry Average Movement8.6%
Market Average Movement10.2%
10% most volatile stocks in CA Market17.9%
10% least volatile stocks in CA Market3.9%

Stable Share Price: TWM has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: TWM's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2015312Jeremy Baineswww.tidewatermidstream.com

Tidewater Midstream and Infrastructure Ltd. operates as a downstream, midstream, and infrastructure company in Western Canada and the United States. It primarily focuses on processing natural gas, natural gas liquids (NGLs), crude oil, refined products, and renewable products and services, as well as refining of light oil.

Tidewater Midstream and Infrastructure Ltd. Fundamentals Summary

How do Tidewater Midstream and Infrastructure's earnings and revenue compare to its market cap?
TWM fundamental statistics
Market capCA$386.24m
Earnings (TTM)-CA$107.50m
Revenue (TTM)CA$1.39b
0.3x
P/S Ratio
-3.6x
P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TWM income statement (TTM)
RevenueCA$1.39b
Cost of RevenueCA$1.30b
Gross ProfitCA$97.10m
Other ExpensesCA$204.60m
Earnings-CA$107.50m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)-4.92
Gross Margin6.96%
Net Profit Margin-7.71%
Debt/Equity Ratio285.1%

How did TWM perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/24 20:43
End of Day Share Price 2026/05/22 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Tidewater Midstream and Infrastructure Ltd. is covered by 11 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Trevor ReynoldsAcumen Capital Finance Partners Limited
Nathan HeywoodATB Cormark
Brent WatsonATB Cormark Historical (Cormark Securities)