Tidewater Midstream and Infrastructure Ltd. reported its financial results for the second quarter of 2025, highlighting a consolidated net loss attributable to shareholders of CAD 16.3 million, compared to a net loss of CAD 4.7 million in the same period of 2024. On a deconsolidated basis, excluding the results of Tidewater Renewables, the net loss attributable to shareholders was CAD 23.7 million for the quarter, up from a loss of CAD 9.9 million in 2024. For the six-month period ended June 30, 2025, the consolidated net loss was CAD 48.1 million, compared to CAD 16.0 million in the same period of the previous year. The deconsolidated results showed a net loss of CAD 55.4 million, a significant increase from CAD 29.9 million in 2024. Total capital expenditures for the quarter were CAD 4.9 million on a consolidated basis, down from CAD 21.7 million in the same quarter of the previous year. On a deconsolidated basis, capital expenditures stood at CAD 2.5 million, a decrease from CAD 13.2 million in 2024. During the second quarter, Tidewater completed over CAD 37 million in non-core asset sales and repaid approximately CAD 20.0 million on its Senior Credit Facilities, enhancing its available liquidity. The company also announced an agreement to acquire the Western Pipeline, with expectations of closing the transaction in the third quarter. This acquisition is anticipated to provide significant cost reductions, optimizing feedstock procurement and capital programs by integrating the pipeline's operations within Tidewater's broader downstream operations. Looking forward, Tidewater aims to enhance product margins in its downstream business and increase throughput at its midstream facilities while managing operational costs.