The earnings call highlighted significant asset sales and debt reduction, strong operational performance at the HDRD Complex, and progress on a sustainable aviation fuel project. However, these positives were overshadowed by a significant decline in adjusted EBITDA, weak emission credit markets, and challenges related to trade remedies against U.S. imports.

Company Guidance

During the Q3 2024 earnings call for Tidewater Renewables, the company provided significant guidance on its operations and financial performance. The company completed the sale of key assets to Tidewater Midstream, generating $122 million in cash proceeds, which were used to reduce debt. Tidewater Renewables also secured $7.7 million in BC LCFS credits from this transaction. The HDRD Complex achieved a 95% utilization rate, producing over 140 million liters of renewable diesel. The company reported adjusted EBITDA of $13.6 million for Q3, down from $29.6 million in Q2, primarily due to the asset sale. The first lien credit facility was reduced to $30 million and extended to February 2026. In addition, Tidewater Renewables is pursuing a trade remedy complaint against U.S. imports, anticipating potential duty relief by late Q2 2025. The company remains optimistic about policy support to create a level playing field with U.S. producers and continues to advance its sustainable aviation fuel project, funded by BC LCFS credits.

Asset Sale and Debt Reduction

Completed a significant transaction with Tidewater Midstream, selling key assets for $122 million, which was used to reduce outstanding debt on the senior credit facility.

HDRD Complex Performance

The HDRD Complex achieved a 95% utilization rate in Q3 2024, producing and selling over 140 million liters of renewable diesel since November 2023.

Sustainable Aviation Fuel Project Progress

Continued progress on the front-end engineering design for a 6,500-barrel per day sustainable aviation fuel project, fully funded through BC LCFS credits.

Tidewater Renewables Ltd. (TSE:LCFS) Earnings, Revenues Date & History

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TSE:LCFS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 05, 2026	2025 (Q4)	-0.14 / -	-0.09	―	―	―
Nov 13, 2025	2025 (Q3)	>-0.01 / -0.03	-10.46	99.71% (+10.43)	―	―
Aug 14, 2025	2025 (Q2)	-0.02 / 0.35	0.14	150.00% (+0.21)	―	―
May 08, 2025	2025 (Q1)	-0.19 / 0.14	0.21	-33.33% (-0.07)	―	―
Mar 27, 2025	2024 (Q4)	-0.26 / -0.09	-0.37	75.68% (+0.28)	―	―
Nov 14, 2024	2024 (Q3)	-0.31 / -10.46	-0.27	-3774.07% (-10.19)	―	―
Aug 15, 2024	2024 (Q2)	0.24 / 0.14	0.07	100.00% (+0.07)	―	―
May 09, 2024	2024 (Q1)	0.07 / 0.21	-0.62	133.87% (+0.83)	―	―
Mar 14, 2024	2023 (Q4)	<0.01 / -0.37	0.4	-192.50% (-0.77)	―	―
Nov 09, 2023	2023 (Q3)	-0.02 / -0.27	-0.29	6.90% (+0.02)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:LCFS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 13, 2025	C$4.39	C$4.00	-8.88%
Aug 14, 2025	C$3.01	C$3.01	0.00%
May 08, 2025	C$2.65	C$2.60	-1.89%
Mar 27, 2025	C$2.41	C$3.09	+28.22%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Tidewater Renewables Ltd. (TSE:LCFS) report earnings?

Tidewater Renewables Ltd. (TSE:LCFS) is schdueled to report earning on Mar 05, 2026, Before Open (Confirmed).

What is Tidewater Renewables Ltd. (TSE:LCFS) earnings time?

Tidewater Renewables Ltd. (TSE:LCFS) earnings time is at Mar 05, 2026, Before Open (Confirmed).

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What companies are reporting earnings today?

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What is TSE:LCFS EPS forecast?

TSE:LCFS EPS forecast for the fiscal quarter 2025 (Q4) is -0.14.