{
  "id": 885926,
  "title": "Earnings call transcript: Tidewater Midstream lifts 2026 outlook in Q2 2026",
  "url": "https://urgent.news/2026/08/14/earnings-call-transcript-tidewater-midstream-lifts-2026-outlook-in-q2",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-14T16:25:42.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/transcripts/earnings-call-transcript-tidewater-midstream-lifts-2026-outlook-in-q2-2026-93CH-4861326"
  },
  "original_language": "en",
  "account": "Tidewater Midstream and Infrastructure Ltd. reported stronger than expected second-quarter adjusted earnings and cash flow in its Q2 2026 earnings call. Despite missing analyst earnings per share expectations, the company's stock surged over 2% in premarket trading. The company's renewable fuels unit posted record performance at its HDRD complex, operating at 111% of nameplate capacity. The midstream business also showed improvement, benefitting from a crack spread averaging $118 a barrel at the Prince George refinery. Tidewater lowered its consolidated net debt and improved leverage ratio, indicating a healthier balance sheet. The company raised its 2026 adjusted EBITDA guidance to CAD 230 million to CAD 250 million, up 20% from the previous outlook. Management expects free cash flow to continue going towards debt reduction. The company's sustainable aviation fuel plant is expected to enter service in 2030 after a three-year build, with a capital cost of about CAD 1.2 billion.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Earnings call transcript: Praj Industries Q1 2026 profit jumps as stock rises 4.8%",
        "url": "https://urgent.news/2026/08/14/earnings-call-transcript-praj-industries-q1-2026-profit-jumps-as",
        "published": "2026-08-14T07:47:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}