09:58 AM EDT, 03/27/2025 (MT Newswires) -- Tidewater Midstream and Infrastructure ( TWMIF ) was at last look on Thursday up near 7% as it reported a much narrowed net loss for the fourth quarter, largely due to the reversal of certain non-cash impairment charges previously taken in 2023.

The company reported consolidated net loss attributable to shareholders of $3.3 million or $0.01 loss per basic share during the fourth quarter, compared with $331.8 million or $0.78 loss per basic share, a year earlier. It said the decrease was offset in part by a gain on sale of the Pipestone natural gas plant, expansion project at the Pipestone plant, the Dimsdale natural gas storage assets, and associated gathering and other infrastructure to AltaGas ( ATGFF ) in the fourth quarter of 2023.

Consolidated adjusted EBITDA in Q4 decreased to $20 million compared with $21.4 million, a year earlier, primarily due to higher adjusted EBITDA from equity investments and lower realized losses on derivative contracts in the comparative period.

The company expects its consolidated full-year 2025 capital program to range between $15 million and $20 million.

Shares of TWM were last seen up $0.015 at $0.235 in early morning trade on the Toronto Stock Exchange.

Price: 0.25, Change: +0.03, Percent Change: +11.36