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Tidewater Renewables Ltd. (TSE:LCFS)
TSX:LCFS
RESEARCH TOOLSreports
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.26Last Year’s EPS
-0.37Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 06, 2025
|% Change Since: 17.37%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Negative
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.
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TSE:LCFS Earnings History
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
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TSE:LCFS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 06, 2025 | C$1.90 | C$2.31 | +21.58% |
| Nov 14, 2024 | C$1.85 | C$1.15 | -37.84% |
| Aug 15, 2024 | C$8.92 | C$3.77 | -57.74% |
| May 09, 2024 | C$7.52 | C$7.95 | +5.72% |
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.
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FAQ
When does Tidewater Renewables Ltd. (TSE:LCFS) report earnings?
Tidewater Renewables Ltd. (TSE:LCFS) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Tidewater Renewables Ltd. (TSE:LCFS) earnings time?
Tidewater Renewables Ltd. (TSE:LCFS) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:LCFS EPS forecast?
TSE:LCFS EPS forecast for the fiscal quarter 2025 (Q1) is -0.26.
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