Tidewater Renewables Reports Improved Q4 2024 Results and Strategic Developments

Tidewater Renewables Ltd. ( (TSE:LCFS) ) has issued an update.

Tidewater Renewables Ltd. reported a net loss of $3.4 million for Q4 2024, a significant improvement from the previous year’s loss, due to gains on derivative contracts and joint venture income. Despite a decrease in Adjusted EBITDA, the company saw high utilization rates at its renewable diesel complex and continued progress on its sustainable aviation fuel project. The company also announced a refinancing of its credit facilities and a board change, with Thomas P. Dea joining as a director.

More about Tidewater Renewables Ltd.

Tidewater Renewables Ltd. operates in the renewable energy industry, focusing on the production of renewable diesel and hydrogen. The company is involved in the sale of BC Low Carbon Fuel Standard (LCFS) Credits and is working on a sustainable aviation fuel project.

YTD Price Performance: 180.23%

Average Trading Volume: 54,004

Technical Sentiment Signal: Hold

Current Market Cap: C$88.79M

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