Tidewater Renewables Third Quarter 2024 Earnings: CA$10.46 loss per share (vs CA$0.27 loss in 3Q 2023)

Tidewater Renewables (TSE:LCFS) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$91.6m (up 278% from 3Q 2023).
• Net loss: CA$367.1m (loss widened by CA$357.7m from 3Q 2023).
• CA$10.46 loss per share (further deteriorated from CA$0.27 loss in 3Q 2023).

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

Tidewater Renewables Earnings Insights

Looking ahead, revenue is expected to decline by 37% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 1.7%.

Performance of the Canadian Oil and Gas industry.

The company's shares are down 41% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Tidewater Renewables that we have uncovered.

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