Tidewater Midstream Raises 2026 EBITDA Guidance After Q3 Results
Tidewater reported record third-quarter adjusted EBITDA of $96.9 million and raised its 2026 guidance to $300 million–$320 million from $230 million–$250 million. It lowered its capital program guidance to $15 million–$20 million from $20 million–$25 million.
Tidewater Midstream and Infrastructure Ltd. announced its third-quarter 2026 financial results, highlighting record consolidated adjusted EBITDA of $96.9 million. Following this performance, the company increased its 2026 consolidated adjusted EBITDA guidance to a range of $300.0 million to $320.0 million, up from the previous range of $230.0 million to $250.0 million. Additionally, the company revised its 2026 full-year consolidated capital program guidance to between $15.0 million and $20.0 million, down from the prior range of $20.0 million to $25.0 million.
Management noted that the company expects 2027 financial results to exceed 2026 levels, supported by the anticipated December 18, 2026, closing of its acquisition of the remaining shares of Tidewater Renewables Ltd. and continued operational strength across its midstream and downstream assets.