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Tidewater Midstream management commentary: Higher refined-product volumes, renewable diesel prices and crack spreads drive Q3 2026 adjusted EBITDA growth
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Tidewater Midstream management commentary: Higher refined-product volumes, renewable diesel prices and crack spreads drive Q3 2026 adjusted EBITDA growth
  • Tidewater Midstream management's commentary reported record third-quarter 2026 adjusted EBITDA of CAD 96.9 million, versus CAD 16.2 million a year earlier.
  • Management attributed the increase primarily to higher refined-product sales volumes, stronger renewable diesel prices and wider crack spreads, partly offset by hedging losses.
  • Net loss attributable to shareholders narrowed to CAD 26.2 million from CAD 34.1 million, primarily reflecting higher operating income and lower financing costs.
  • Full-year adjusted EBITDA guidance rose to CAD 300 million–CAD 320 million from CAD 230 million–CAD 250 million, reflecting stronger margins and utilization.
  • Strong operating cash generation supported debt repayments, reducing consolidated net debt by CAD 139.3 million since year-end to CAD 440.2 million.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tidewater Midstream and Infrastructure Ltd. published the original content used to generate this news brief on November 12, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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