Tidewater’s 1Q16 results were in line with market and FirstEnergy expectations. Volumes at Tidewater’s flagship Brazeau River gas plant were off 5% y/y. The Company revealed it intends to spend $85-$125 mm by YE2017 on projects that the Company anticipates could generate $20-$30 mm in annual EBITDA; Tidewater will announce more detail on its spending plans in August with its 2Q16 results. With the capital program under consideration, Tidewater is looking at building fractionation, rail and pip ....
31 May 2016
Reports 1Q16 Results
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Reports 1Q16 Results
Tidewater Midstream & Infrastructure Ltd. (TWM:TSE) | 0 0 5.3% | Mkt Cap: 457.2m
- Published:
31 May 2016 -
Author:
Steven I. Paget -
Pages:
5
Tidewater’s 1Q16 results were in line with market and FirstEnergy expectations. Volumes at Tidewater’s flagship Brazeau River gas plant were off 5% y/y. The Company revealed it intends to spend $85-$125 mm by YE2017 on projects that the Company anticipates could generate $20-$30 mm in annual EBITDA; Tidewater will announce more detail on its spending plans in August with its 2Q16 results. With the capital program under consideration, Tidewater is looking at building fractionation, rail and pip ....