Tidewater Renewables Full Year 2024 Earnings: Beats Expectations

Simply Wall St

March 31, 2025

Tidewater Renewables (TSE:LCFS) Full Year 2024 Results

Key Financial Results

Revenue: CA$426.5m (up 337% from FY 2023).
Net loss: CA$357.8m (loss widened by CA$316.8m from FY 2023).
CA$10.15 loss per share (further deteriorated from CA$1.18 loss in FY 2023).

revenue-and-expenses-breakdown — TSX:LCFS Revenue and Expenses Breakdown March 31st 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Tidewater Renewables Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 1.0%.

In the last 12 months, the only revenue segment was Renewable Energy contributing CA$426.5m. Notably, cost of sales worth CA$308.4m amounted to 72% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling CA$413.8m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how LCFS's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Oil and Gas industry in Canada.

Performance of the Canadian Oil and Gas industry.

The company's shares are up 42% from a week ago.

Risk Analysis

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.