Tidewater Renewables (TSE:LCFS) Issues Quarterly Earnings Results

Tidewater Renewables (TSE:LCFS) announced its quarterly earnings data on Thursday. The company reported C$0.13 earnings per share (EPS) for the quarter, FiscalAI reports. Tidewater Renewables had a return on equity of 5.00% and a net margin of 2.91%.The firm had revenue of C$160.60 million for the quarter.

Here are the key takeaways from Tidewater Renewables’ conference call:

• Record renewable results: Tidewater Renewables’ HDRD complex achieved record throughput of 3,315 barrels per day, or 111% utilization, supported by debottlenecking, strong renewable diesel pricing, and a CAD 0.16-per-liter Biofuel Production Incentive.
• Adjusted EBITDA and guidance increased: Consolidated second-quarter adjusted EBITDA reached a record CAD 88.9 million, while full-year 2026 guidance rose to CAD 230–250 million, driven by higher utilization, strong refining crack spreads, and improved renewable fuel and credit pricing.
• Deleveraging accelerated: Consolidated net debt fell by CAD 44.4 million in the quarter, bringing consolidated debt-to-adjusted EBITDA down to 1.7x, within the company’s 1.2–2.5x target range.
• Cash flow support and hedging improved visibility: Tidewater expects CAD 13.8 million of HDRD incentive contributions in the third quarter, while additional 2027 crack-spread hedges covering approximately 40% of exposure were secured at prices management characterized as attractive.
• SAF remains dependent on regulatory approval and substantial capital: The proposed sustainable aviation fuel project is targeting a fourth-quarter final investment decision, but still requires regulatory amendments and is estimated to cost approximately CAD 1.2 billion, with an expected 2030 start-up.
• Midstream utilization was uneven: Ram River Gas Plant throughput declined 8% sequentially and fractionation utilization fell to 76% because of NGTL curtailments, while the gas plant remains temporarily curtailed pending a recovery in regional production.

Tidewater Renewables Trading Up 6.7%

Shares of LCFS opened at C$20.69 on Friday. Tidewater Renewables has a 1-year low of C$2.71 and a 1-year high of C$20.80. The company has a current ratio of 1.13, a quick ratio of 0.10 and a debt-to-equity ratio of 120.55. The firm’s 50-day moving average price is C$14.18 and its 200-day moving average price is C$10.02. The firm has a market capitalization of C$755.68 million, a price-to-earnings ratio of 94.05 and a beta of -0.43.

Key Stories Impacting Tidewater Renewables

Here are the key news stories impacting Tidewater Renewables this week:

• Positive Sentiment: Royal Bank of Canada upgraded LCFS to “outperform” from “sector perform” and more than doubled its price target to C$25.00 from C$12.50. The new target implies approximately 20.8% upside from the referenced share price. BayStreet.CA analyst ratings
• Positive Sentiment: National Bank Financial raised its price target to C$22.75 from C$13.25 and assigned an “outperform” rating, indicating approximately 11.8% potential upside. BayStreet.CA analyst ratings
• Positive Sentiment: Management increased its 2026 financial guidance while reporting second-quarter results and providing an operational update. Higher guidance generally signals improved expectations for the company’s near-term earnings and cash flow. Tidewater Renewables Q2 2026 results
• Neutral Sentiment: Second-quarter results included C$160.60 million of revenue and C$0.13 in EPS. The company reported a 2.91% net margin and 5.00% return on equity, providing evidence of profitability but also highlighting relatively modest margins. Tidewater Renewables earnings report
• Negative Sentiment: ATB Cormark raised its target to C$19.00 from C$16.00 but maintained only a “speculative buy” rating. Its target is below the referenced share price, suggesting limited near-term upside and reflecting higher execution or valuation risk. BayStreet.CA analyst ratings

Wall Street Analysts Forecast Growth

Several analysts have weighed in on LCFS shares. ATB Cormark Capital Markets boosted their price objective on Tidewater Renewables from C$16.00 to C$19.00 and gave the company a “speculative buy” rating in a research report on Friday. National Bank Financial raised their price target on shares of Tidewater Renewables from C$13.25 to C$22.75 and gave the stock an “outperform” rating in a report on Friday. Finally, Royal Bank Of Canada raised shares of Tidewater Renewables from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$12.50 to C$25.00 in a research note on Friday. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Tidewater Renewables currently has an average rating of “Buy” and a consensus target price of C$22.25.

About Tidewater Renewables

Tidewater Renewables is a multi-faceted, energy transition company. The Corporation is focused on the production of low carbon fuels, including renewable diesel and sustainable aviation fuel. The Corporation was created in response to the growing demand for renewable fuels in North America and to capitalize on its potential to efficiently turn a wide variety of renewable feedstocks (such as canola oil, soybean oil, used cooking oil, distillers corn oil, tallow, and other biomasses) into low carbon fuels.