Tidewater reported an adjusted EBITDA of $7.1 mm, aligned with FirstEnergy’s estimate of $7.1 mm and slightly below consensus of $7.2 mm. During the quarter, Tidewater was involved in the acquisition of interests in three additional gas processing plants for $12 mm and a 100% WI in the 33 mmcf/d Seal Gas Plant for ~$17 mm. Subsequent to the end of 4Q15, Tidewater announced the acquisition of a 100% WI in three deep cut gas processing facilities with a combined 142 mmcf per day of capacity, and ....
31 Mar 2016
Releases 4Q15 Results; Adj. EBITDA of $7.1 mm (FCC: $7.1 mm)
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Releases 4Q15 Results; Adj. EBITDA of $7.1 mm (FCC: $7.1 mm)
Tidewater Midstream & Infrastructure Ltd. (TWM:TSE) | 0 0 5.3% | Mkt Cap: 457.2m
- Published:
31 Mar 2016 -
Author:
Steven I. Paget -
Pages:
6
Tidewater reported an adjusted EBITDA of $7.1 mm, aligned with FirstEnergy’s estimate of $7.1 mm and slightly below consensus of $7.2 mm. During the quarter, Tidewater was involved in the acquisition of interests in three additional gas processing plants for $12 mm and a 100% WI in the 33 mmcf/d Seal Gas Plant for ~$17 mm. Subsequent to the end of 4Q15, Tidewater announced the acquisition of a 100% WI in three deep cut gas processing facilities with a combined 142 mmcf per day of capacity, and ....