Tidewater Midstream and Infrastructure Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CAD 582.1 million compared to CAD 712.1 million a year ago. Net loss was CAD 22.9 million compared to CAD 18.8 million a year ago. Basic loss per share from continuing operations was CAD 0.05 compared to CAD 0.05 a year ago. Diluted loss per share from continuing operations was CAD 0.05 compared to CAD 0.05 a year ago.
For the nine months, sales was CAD 1,705.3 million compared to CAD 2,164.1 million a year ago. Net loss was CAD 54.1 million compared to net income of CAD 38.5 million a year ago. Basic loss per share from continuing operations was CAD 0.13 compared to basic earnings per share from continuing operations of CAD 0.11 a year ago. Diluted loss per share from continuing operations was CAD 0.13 compared to diluted earnings per share from continuing operations of CAD 0.09 a year ago.