Tidewater Midstream and Infrastructure Ltd. announced 2Q16 results in line with expectations with adjusted EBITDA of $9.3 mm (FCC $9.4 mm, street $10 mm). The Company purchased the Acheson gas plant west of Edmonton for $11 mm; the property includes land where Tidewater intends to build a rail loading facility. Tidewater’s Brazeau River Complex (BRC facility) has contracted out its remaining capacity from 4Q16 to 4Q18.
16 Aug 2016
2Q16 Results In Line; Fills BRC Gas Plant, Purchases New Facility For $11 mm
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2Q16 Results In Line; Fills BRC Gas Plant, Purchases New Facility For $11 mm
Tidewater Midstream & Infrastructure Ltd. (TWM:TSE) | 0 0 5.3% | Mkt Cap: 457.2m
- Published:
16 Aug 2016 -
Author:
Steven I. Paget -
Pages:
5
Tidewater Midstream and Infrastructure Ltd. announced 2Q16 results in line with expectations with adjusted EBITDA of $9.3 mm (FCC $9.4 mm, street $10 mm). The Company purchased the Acheson gas plant west of Edmonton for $11 mm; the property includes land where Tidewater intends to build a rail loading facility. Tidewater’s Brazeau River Complex (BRC facility) has contracted out its remaining capacity from 4Q16 to 4Q18.