Tidewater Renewables Reports Strong Q1 Growth

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

Tidewater Renewables Ltd. reported a strong start to 2024 with a record $25.3 million in Adjusted EBITDA, $7.7 million net income, and a significant increase in the operating rate of their HDRD Complex to 95% in April. The company has also advanced in its sustainable aviation fuel project and improved its financial health by repaying debt and enhancing liquidity. Moreover, Tidewater Renewables welcomed a new board member, Mr. Todd Moser, bringing extensive industry experience to the team.

For further insights into TSE:LCFS stock, check out TipRanks’ Stock Analysis page.