Tidewater Midstream and Infrastructure Ltd
Tidewater Midstream and Infrastructure Ltd. operates as a diversified midstream and infrastructure company in western Canada and the United States. The company 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. It also engages in the sale of refined petroleum products, includi… Read more
Tidewater Midstream and Infrastructure Ltd (TWMIF) - Net Assets
Latest net assets as of September 2025: $180.29 Million USD
Based on the latest financial reports, Tidewater Midstream and Infrastructure Ltd (TWMIF) has net assets worth $180.29 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($815.50 Million) and total liabilities ($635.21 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $180.29 Million |
| % of Total Assets | 22.11% |
| Annual Growth Rate | 5.32% |
| 5-Year Change | -22.33% |
| 10-Year Change | N/A |
| Growth Volatility | 35.27 |
Tidewater Midstream and Infrastructure Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Tidewater Midstream and Infrastructure Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tidewater Midstream and Infrastructure Ltd (2015–2024)
The table below shows the annual net assets of Tidewater Midstream and Infrastructure Ltd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $333.00 Million | -2.20% |
| 2023-12-31 | $340.50 Million | -54.37% |
| 2022-12-31 | $746.30 Million | +16.11% |
| 2021-12-31 | $642.75 Million | +49.92% |
| 2020-12-31 | $428.73 Million | -5.16% |
| 2019-12-31 | $452.04 Million | -1.22% |
| 2018-12-31 | $457.60 Million | +3.67% |
| 2017-12-31 | $441.41 Million | +17.74% |
| 2016-12-31 | $374.92 Million | +79.55% |
| 2015-12-31 | $208.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tidewater Midstream and Infrastructure Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 5735.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $543.50 Million | 187.03% |
| Other Comprehensive Income | $26.60 Million | 9.15% |
| Total Equity | $290.60 Million | 100.00% |
Tidewater Midstream and Infrastructure Ltd Competitors by Market Cap
The table below lists competitors of Tidewater Midstream and Infrastructure Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SPOTLIGHT GROUP AB O.N.
F:7T7
|
$2.02 Million |
|
FullNet Communications Inc
PINK:FULO
|
$2.02 Million |
|
Federal International Holdings Bhd
KLSE:8605
|
$2.02 Million |
|
DB Energy S.A.
WAR:DBE
|
$2.02 Million |
|
DO & CO
BE:DOQ
|
$2.01 Million |
|
Dotz SA
SA:DOTZ3
|
$2.01 Million |
|
WestMountain Gold Inc
PINK:WMTN
|
$2.01 Million |
|
Ilex Medical
TA:ILX
|
$2.01 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tidewater Midstream and Infrastructure Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 310,800,000 to 290,600,000, a change of -20,200,000 (-6.5%).
- Net loss of 26,600,000 reduced equity.
- New share issuances of 1,000,000 increased equity.
- Other comprehensive income increased equity by 8,600,000.
- Other factors decreased equity by 3,200,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-26.60 Million | -9.15% |
| Share Issuances | $1.00 Million | +0.34% |
| Other Comprehensive Income | $8.60 Million | +2.96% |
| Other Changes | $-3.20 Million | -1.1% |
| Total Change | $- | -6.50% |
Book Value vs Market Value Analysis
This analysis compares Tidewater Midstream and Infrastructure Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.01x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $47.62 | $0.17 | x |
| 2016-12-31 | $27.93 | $0.17 | x |
| 2017-12-31 | $26.24 | $0.17 | x |
| 2018-12-31 | $26.63 | $0.17 | x |
| 2019-12-31 | $26.95 | $0.17 | x |
| 2020-12-31 | $25.23 | $0.17 | x |
| 2021-12-31 | $29.95 | $0.17 | x |
| 2022-12-31 | $36.98 | $0.17 | x |
| 2023-12-31 | $14.61 | $0.17 | x |
| 2024-12-31 | $13.53 | $0.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tidewater Midstream and Infrastructure Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -9.15%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.62%
- • Asset Turnover: 1.32x
- • Equity Multiplier: 4.27x
- Recent ROE (-9.15%) is above the historical average (-11.52%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 4.05% | 39.27% | 0.07x | 1.43x | $-12.41 Million |
| 2016 | 4.04% | 13.76% | 0.19x | 1.55x | $-22.36 Million |
| 2017 | 2.91% | 5.80% | 0.24x | 2.12x | $-31.29 Million |
| 2018 | 4.49% | 6.27% | 0.26x | 2.72x | $-24.95 Million |
| 2019 | -3.45% | -2.24% | 0.34x | 4.52x | $-60.36 Million |
| 2020 | -8.24% | -3.59% | 0.53x | 4.37x | $-77.85 Million |
| 2021 | 11.59% | 4.21% | 0.86x | 3.20x | $9.83 Million |
| 2022 | 2.69% | 0.66% | 1.26x | 3.23x | $-51.43 Million |
| 2023 | -124.16% | -17.47% | 1.38x | 5.16x | $-416.98 Million |
| 2024 | -9.15% | -1.62% | 1.32x | 4.27x | $-55.66 Million |
Industry Comparison
This section compares Tidewater Midstream and Infrastructure Ltd's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $1,230,397,219
- Average return on equity (ROE) among peers: 2202.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tidewater Midstream and Infrastructure Ltd (TWMIF) | $180.29 Million | 4.05% | 3.52x | $2.02 Million |
| Antero Midstream Partners LP (AM) | $142.86 Million | 0.00% | 0.21x | $7.58 Billion |
| AltaGas Ltd (ATGFF) | $2.83 Billion | 7.11% | 1.57x | $8.06 Billion |
| ATGPF (ATGPF) | $7.86 Billion | 8.56% | 1.98x | $4.11 Billion |
| Avance Gas Holding Ltd (AVACF) | $603.79 Million | 27.09% | 0.91x | $7.70K |
| CBL International Limited Ordinary Shares (BANL) | $12.11 Million | 30.42% | 1.11x | $3.17 Million |
| BP Prudhoe Bay Royalty Trust (BPT) | $863.00K | 22418.66% | 0.16x | $2.99 Million |
| Brooge Holdings Ltd (BROG) | $78.49 Million | 16.31% | 4.83x | $32.39 Million |
| Brooge Energy Limited (BROGW) | $56.77 Million | -85.14% | 7.56x | $5.67K |
| Willow Biosciences Inc (CANSF) | $1.10 Million | -405.25% | 0.17x | $2.85 Million |
| Cool Company Ltd (CLCO) | $715.51 Million | 11.75% | 1.88x | $145.96 Million |