Tidewater Renewables Reports Q3 Loss Amid Asset Sales

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

Tidewater Renewables Ltd. reported a significant net loss of $367.1 million in Q3 2024, primarily due to asset sales and increased financing costs, despite generating $13.6 million in Adjusted EBITDA. The company successfully reduced its credit facilities and extended their maturity dates, while maintaining a high utilization rate at its HDRD Complex.

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