TSX · Oil & Gas Midstream · CAD

Tidewater Midstream and Infrastructure Ltd. (TWM.TO) Stock Analysis

Tidewater Midstream and Infrastructure Ltd. (TWM.TO) is a Oil & Gas Midstream stock listed on TSX and quoted in Canadian Dollar.

Last Updated: October 21, 2026

TWM.TO

CA$24.10

−CA$0.47 (−1.91%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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TWM.TO Key Statistics

As of Oct 21, 2026

Trading

Open: CA$24.57
Previous Close: CA$24.57
Day's Range: 23.77–24.69
52-Week Range: 4.49–26.59
Volume: 109.89K
Beta: 0.72

Valuation

Market Cap: CA$528.66M
P/E Ratio: unprofitable
Forward P/E: 10.57
P/S ratio: 0.33
EPS (ttm): −3.52

Financials (FY)

Revenue (FY): CA$1.32B−19.63%
Net Income (FY): −CA$112.20M
Profit margin: −4.75%
Shares Outstanding: 21.94M
1-Year Return: +337.39%

Dividend and dates

Earnings Date: November 12, 2026estimated
Avg Volume: 104.41K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, TWM.TO closed at CA$24.10, +337.39% over 1 year.

Tidewater Midstream and Infrastructure Ltd. (TWM.TO) has a market capitalization of CA$528.66M.

In fiscal 2025, TWM.TO reported revenue of CA$1.32B.

TWM.TO Stock Return by Calendar Year

Tidewater Midstream and Infrastructure Ltd. (TWM.TO) 10-year return: what CA$10,000 became

1 year: CA$10,000 CA$43,739; +337.39%
5 years: CA$10,000 CA$8,731; −12.69%
10 years: CA$10,000 CA$9,537; −4.63%

If you had invested CA$10,000 in Tidewater Midstream and Infrastructure Ltd. (TWM.TO) 10 years ago, at the close on October 21, 2016, it would have been worth CA$9,537 at the close on October 21, 2026: −4.63% in total, −0.47% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

−85.85%+358.17%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	+358.17%
2025	+75.33%
2024	−85.85%
2023	+8.48%
2022	−19.57%
2021	+64.93%
2020	−25.40%
2019	−7.13%
2018	−11.80%
2017	−1.58%
2016 (partial year)	+21.09%

As of October 21, 2026.

TWM.TO Revenue and Earnings by Fiscal Year

FY ends December

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	CA$1.32B	−CA$112.20M	−8.5%
2024	CA$1.64B	−CA$26.60M	−1.6%
2023	CA$2.21B	−CA$385.90M	−17.5%
2022	CA$2.88B	CA$8.50M	0.3%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	CA$1.32B	−CA$20.90M	−CA$44.60M	−CA$112.20M	−8.5%
2024	CA$1.64B	CA$107.40M	CA$73.60M	−CA$26.60M	−1.6%
2023	CA$2.21B	CA$59.60M	CA$10.70M	−CA$385.90M	−17.5%
2022	CA$2.88B	CA$147.00M	CA$96.60M	CA$8.50M	0.3%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

TWM.TO Dividend History

’16’17’18’19’20’21’22’23

CA$0.60−25.0% vs 2022

Dividends per share, 2023 · 3 payments

Year	Dividends per share	Payments	Change
2023	CA$0.60	3	−25.0%
2022	CA$0.80	4	−20.0%
2021	CA$1.00	5	+25.0%
2020	CA$0.80	4	+0.0%

Year	Dividends per share	Payments	Change
2023	CA$0.60	3	−25.0%
2022	CA$0.80	4	−20.0%
2021	CA$1.00	5	+25.0%
2020	CA$0.80	4	+0.0%
2019	CA$0.80	4	+0.0%
2018	CA$0.80	4	+0.0%
2017	CA$0.80	4	+300.0%
2016	CA$0.20	1	—

Most recent payment: CA$0.20 per share, ex-dividend September 28, 2023. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

TWM.TO Valuation vs Oil & Gas Midstream Median

Median of 63 stocks

Metric	TWM.TO	Oil & Gas Midstream median	vs median
P/S ratio	0.33	2.67	0.1x the median
Profit margin	−4.75%	22.05%	26.8 pts below

Medians across 63 Oil & Gas Midstream stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

Tidewater Midstream and Infrastructure Ltd. (TWM.TO) carries a market capitalisation of CA$528.66M. The company sits in the Energy sector, in the Oil & Gas Midstream industry. The company reports 312 employees.

The most recent close on file for TWM.TO is CA$24.10, dated October 21, 2026. That is −CA$0.47 (−1.91%) against the previous close. The 52-week range on file runs from CA$4.49 to CA$26.59. The latest close sits 436.75% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of CA$1.32B. Against the prior fiscal year total of CA$1.64B, that is a change of −19.63%. The same year closed with a net loss of CA$112.20M. Profit margin runs at −4.75%. That is 26.8 percentage points below the Oil & Gas Midstream median of 22.05%. Earnings per share on a trailing basis come to −3.52.

Across the 4 fiscal years on file, revenue moves from CA$2.88B in 2022 to CA$1.32B in 2025. Of those 4 years, 1 report positive net income.

Valuation Assessment

The record shows negative trailing earnings, so no price-to-earnings ratio is published. The forward P/E on file is 10.57. The price-to-sales ratio is 0.33. On price-to-sales that is 0.1 times the Oil & Gas Midstream median of 2.67. 63 Oil & Gas Midstream companies report these metrics, and the medians quoted come from that group.

Over the trailing twelve months the total return is +337.39%. Measured over 10 years, that is −0.47% a year compounded. The reported beta is 0.72. Daily returns over the trailing 10 years annualize to a volatility of 59.2%.

Growth & Income

The dividend record for TWM.TO runs through 2023. Dividends are recorded for 8 calendar years; 2023 shows 3 payments totalling CA$0.60 a share. The year before, 2022, totalled CA$0.80 a share.

2026 is still running; the total return is +358.17% year to date. Across the complete calendar years on file, 2025 returned +75.33% and 2024 returned −85.85%. Of the 9 complete calendar years on file, 3 finished higher.

Peer Comparison

Tidewater Midstream and Infrastructure Ltd. (TWM.TO) operates in the Oil & Gas Midstream industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
Tidewater Midstream and Infrastructure Ltd.	TWM.TO	CA$528.66M	—
Enbridge Inc.	ENB	$107.01B	25.7
The Williams Companies, Inc.	WMB	$89.05B	29.0
Enterprise Products Partners L.P.	EPD	$79.02B	12.7

Market caps are shown in each company's own trading currency, without conversion, and the peers are listed in order of these unconverted figures.

The Oil & Gas Midstream industry average P/E ratio is 14.1x. Tidewater Midstream and Infrastructure Ltd. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Tidewater Midstream and Infrastructure Ltd.

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. The company also engages in the sale of refined products, including low sulfur diesel, renewable diesel, and gasoline; natural gas, NGL extraction, as well as renewable fuels and emissions credits; and purchases, transports, sells, stores and blends both NGLs and crude oil. The company was incorporated in 2015 and is headquartered in Calgary, Canada.

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