Tidewater Renewables Ltd.

Tidewater Renewables Ltd.

TDWRF
Tidewater Renewables Ltd.US flagOther OTC
11.49
USD
- -
- -
419.66MMarket Cap
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.17
0.13
0.12
- -
2.19
2.81
12.08
6.81
7.8
Basic EPS, GAAP
0.06
-0.22
-0.37
- -
0.75
-1.18
-10.14
0.1
0.23
Free Cash Flow per Basic Share
-0.02
-0.87
-0.24
- -
-5.1
-5.18
0.87
0.57
0.9
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
- -
- -
- -
15.59
14.42
4.17
4.15
4.42
Tangible Book Value per Share
- -
1.15
1.18
- -
15.85
14.77
4.47
4.26
4.56
Basic Weighted Avg Shares
34
34
34
- -
35
35
35
36
36
Sales/Revenue/Turnover
6
4
4
- -
76
98
426
248
284
Operating Margin (%)
44.16
-73.61
-248.07
- -
23.17
4.11
18.22
5.04
10.64
Depreciation Expense
1
4
6
- -
19
26
32
18
18
Net Income, GAAP
2
-7
-13
- -
26
-41
-358
4
8
Effective Tax Rate (%)
19.11
- -
- -
- -
27.75
- -
- -
- -
4.62
Profit Margin (%)
35.26
-165.51
-304.83
- -
34.09
-41.99
-83.92
1.41
2.91
Working Capital
- -
-6
-6
2
-27
-234
12
18
10
LT Debt
- -
24
20
76
213
144
186
194
174
Total Equity
- -
39
40
516
550
513
158
155
166
Return on Invested Capital (%)
- -
- -
- -
- -
1.87
- -
- -
- -
8.06
Return on Capital (%)
- -
- -
- -
- -
4.56
- -
- -
- -
8.53
Return on Common Equity (%)
- -
- -
- -
- -
4.91
-7.87
-110.46
2.35
5.26

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
6
5
26
LT Borrowings
179
193
173
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
36
36
36
Market Capitalization
102
101
250

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
61
64
90
Cash, Cash Equivalents & STI
2
- -
- -
Accounts Receivable, Net
7
12
32
Inventories
51
51
57
Total Current Liabilities
47
46
80
Payables & Accruals
20
25
30
ST Debt
6
5
26
Deferred Revenue
12
11
14

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
224.16%
-1.59%
Free Cash Flow
- -
- -
-32.68%
Net Income, GAAP
- -
- -
-100.98%
Sales/Revenue/Turnover
- -
- -
-41.85%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
111
147
92
76
426
2025
58
74
62
55
248
2026
94
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.22
0.14
-10.46
- -
-10.14
2025
0.15
0.36
-0.03
- -
0.1
2026
0.27
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Jeremy R. Baines
Full Time Employees
79
Sector
Basic Materials
Industry
Chemicals - Specialty
Address
222 3rd Avenue SW Calgary AB Canada T2P 0B4
IPO Date
Jul 8, 2022
Business
Tidewater Renewables Ltd. operates as an energy transition company focused on the production of low carbon fuels in North America. The company produces renewable diesel, renewable hydrogen, renewable natural gas, and sustainable aviation fuel from renewable feedstocks including used cooking oil, distillers corn oil, tallow, canola oil, soybean oil, and other biomasses; its flagship asset is the Renewable Diesel & Renewable Hydrogen Complex co-located at the Prince George Refinery in British Columbia, Canada, utilizing Haldor Topsoe's HydroFlex technology with nameplate capacity of 3.0 Mbbl/d renewable diesel and 23.7 MT/d (10.0 MMcf/d) renewable hydrogen, generating credits such as British Columbia Low Carbon Fuel Standard (BC LCFS), Canadian Clean Fuel Regulations (CFR), and U.S. LCFS, RINs, and BTCs; logistics connectivity includes rail and truck. Tidewater Renewables generates revenue from renewable fuels sales, emission credits, and related infrastructure; it targets transportation, industrial, and utility sectors in Canada and the U.S., with primary operations in Alberta and British Columbia. Founded in 2021 and headquartered in Calgary, Alberta, Canada, the company operates as a subsidiary of Tidewater Midstream and Infrastructure Ltd. Recent developments include the completion in September 2024 of a transaction with Tidewater Midstream, selling assets such as canola co-processing infrastructure, fluid catalytic cracking units, and a natural gas storage facility for $122 million plus liabilities assumed, accompanied by a credit purchase agreement for approximately $77.5 million in BC LCFS credits through March 2025; the refinancing and extension of first and second lien credit facilities in late 2024; the sale in January 2025 of its interest in the Rimrock Renewables Limited Partnership for $7.8 million; filing a countervailing and anti-dumping duty complaint against U.S. renewable diesel imports in late 2024, followed by Canada Border Services Agency investigation initiation and Canadian International Trade Tribunal termination of preliminary injury inquiry; a fire incident at the renewable diesel refinery reported in 2025; and welcoming British Columbia's Low Carbon Fuels Act changes effective April 2025 raising renewable diesel requirements to 8% Canadian-produced content, plus federal biofuel support. In 2024, the HDRD Complex achieved average throughput of 2,643 bbl/d or 88% utilization, producing over 170 million liters of renewable diesel sold locally in British Columbia since November 2023 commercial operations.

Company News

APIChatGPT
  • Tidewater Renewables Ltd. (LCFS:CA) Shareholder/Analyst Call Prepared Remarks Transcript

  • Tidewater Renewables Ltd. (LCFS:CA) Q1 2026 Earnings Call Transcript

  • Tidewater Renewables Ltd. (LCFS:CA) Q4 2025 Earnings Call Transcript

  • Tidewater Renewables (TDWRF) Expected to Announce Quarterly Earnings on Thursday