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Home CompaniesTidewater Renewables Ltd

Tidewater Renewables Ltd

Utilities Utilities - Renewable
PortfolioPortfolio WatchlistWatchlist
Company price
23.2 CAD 0.44 ( 1.93%)
Last update at 2026-09-25T20:00:00Z
VOLUME
28728
Market Cap
320.26M
P/E
97.67

Momentum Score

…

Tidewater Renewables Ltd. engages in production of renewable fuel in North America. Its flagship asset is the renewable diesel & renewable hydrogen complex that is located adjacent to the Prince George Refinery. It intends to focus on the production of low carbon fuels, including renewable diesel, renewable hydrogen, and renewable natural gas. Tidewater Renewables Ltd. was incorporated in 2021 and is headquartered in Calgary, Canada. Tidewater Renewables Ltd. operates as a subsidiary of Tidewater Midstream and Infrastructure Ltd.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
22.28
Low
23.79
High
52 Week Price Range
2.13
Low
8.85
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Tidewater Renewables Ltd is a Canadian producer and marketer of renewable fuels and associated low‑carbon fuel credits, supplying biodiesel, renewable diesel and related products to transportation and industrial customers. Long‑term growth may be supported by tightening low‑carbon fuel standards, growing demand for lower‑emission transport fuels and opportunities to monetize compliance credits, which could make the company attractive for investors seeking policy‑driven exposure to decarbonization trends and fuel supply cash flows.

Key risks include feedstock price volatility and margin pressure, sensitivity to changes in low‑carbon fuel policy or credit prices, and operational or capital intensity that could affect earnings.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
22.76
Dividend Yield
-
Revenue TTM
248.00M
Revenue Per Share
6.81
Gross Profit TTM
35.70M
Debt / Equity
1.28
ROE
2.24%
Net Debt
199.20M
ROCE
3.53%
Diluted EPS TTM
0.09

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 0.50M -473.46M -64.53M 35.91M 4.00M
Minority interest - 0.00M 0.00M 0.00M -
Net income 3.50M -357.85M -41.02M 25.94M 2.76M
Selling general administrative 5.70M 8.97M 14.45M 9.05M 1.28M
Selling and marketing expenses - - - - 0.25M
Gross profit 18.10M 118.15M 18.38M 46.13M 8.93M
Reconciled depreciation 17.50M 31.45M 25.59M 19.44M -
Ebit 12.40M -436.40M 3.94M 18.54M 7.40M
Ebitda 30.00M -404.94M 29.61M 38.10M 14.15M
Depreciation and amortization 17.60M 31.45M 25.67M 19.56M 6.75M
Operating income 12.40M 77.73M 3.94M 17.63M 7.40M
Other operating expenses 235.60M 348.81M 93.74M 58.47M 15.66M
Interest expense 22.50M 37.07M 37.25M 7.17M 1.51M
Tax provision -3.00M -115.62M -22.83M 9.97M -
Interest income - 59.11M - - -
Net interest income -22.60M -37.07M -21.83M -6.37M -
Income tax expense -3.00M -115.62M -22.83M 9.97M 1.23M
Total revenue 248.00M 426.54M 97.68M 76.10M 23.05M
Total operating expenses 5.70M 40.42M 14.45M 28.49M 1.53M
Cost of revenue 229.90M 308.39M 79.30M 29.97M 14.12M
Total other income expense net -11.90M -551.20M -68.47M 18.27M -3.40M
Net income from continuing ops 3.50M -357.85M -41.02M 25.94M -
Net income applicable to common shares - -357.85M - - -
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 397.60M 406.53M 1086.70M 993.32M 730.99M
Other current assets 0.40M 3.37M 8.61M 0.40M 0.47M
Total liab 242.40M 248.75M 573.57M 443.20M 215.40M
Total stockholder equity 155.20M 151.27M 506.63M 543.62M 515.60M
Other current liab 5.10M 29.38M 30.49M 75.48M 1.78M
Common stock 517.60M - 513.04M 512.57M 512.48M
Capital stock 517.60M 517.53M 513.04M 512.57M 512.48M
Retained earnings -366.70M -370.16M -12.31M 28.70M 2.76M
Cash - 0.04M 0.10M 11.38M 1.02M
Total current liabilities 46.40M 61.40M 293.89M 81.61M 7.32M
Current deferred revenue 11.20M - - -55.30M -1.78M
Net debt 199.20M 180.26M 345.49M 207.99M 80.84M
Short term debt 4.90M - 201.62M 6.13M 5.54M
Short long term debt total 199.20M - 345.60M 219.37M 81.86M
Total current assets 64.00M 73.90M 59.53M 54.33M 9.06M
Long term investments 39.00M 35.43M 31.00M 30.32M 0.00M
Net receivables 12.30M 13.92M 7.01M 3.90M 7.02M
Long term debt 193.40M 180.31M 132.54M 198.36M 58.95M
Inventory 51.30M 42.23M 43.81M 24.58M 0.54M
Accounts payable 25.20M - 61.78M 55.30M 1.78M
Accumulated other comprehensive income 4.30M - 5.90M 2.35M 0.35M
Non currrent assets other - - - 9.93M -721.93M
Non current assets total 333.60M 332.63M 1027.17M 938.99M 721.93M
Capital lease obligations 5.80M 12.68M 18.08M 21.00M 22.91M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - 129.08M -136.04M -194.50M -
Total cashflows from investing activities -13.00M 129.08M - - -
Net borrowings -5.60M -157.88M - - -
Total cash from financing activities -5.70M -183.79M 117.43M 137.41M 207.81M
Net income 3.50M -357.85M -41.02M 25.94M 2.76M
Change in cash -0.04M -0.06M -11.27M 10.36M 1.02M
Begin period cash flow 0.04M 0.10M 11.38M 1.02M -
End period cash flow 0.00M 0.04M 0.10M 11.38M 1.02M
Total cash from operating activities 18.70M 54.65M 7.33M 67.44M 6.36M
Issuance of capital stock - - - 0.00M -
Depreciation 17.60M 31.56M 25.67M 19.44M 6.75M
Other cashflows from investing activities -7.70M 12.83M - - -
Dividends paid 0.00M 0.00M 0.00M 0.00M -
Change to inventory -9.10M 2.60M -42.44M -1.09M -
Change to account receivables 3.70M -9.70M -3.11M 3.12M -6.97M
Other cashflows from financing activities -7.10M -25.90M 241.57M -11.72M 308.97M
Capital expenditures 13.10M 24.05M 202.81M 244.58M 30.97M
Change in working capital 19.90M -8.24M -7.83M 8.71M -5.89M
Stock based compensation 0.50M -1.13M 4.02M 2.10M 1.02M
Other non cash items -19.30M 505.92M 49.33M 1.28M 20.43M
Free cash flow 5.60M 30.60M -195.47M -177.13M -24.62M

Peer Comparison*

Sector: Utilities Industry: Utilities - Renewable

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
LCFS
Tidewater Renewables Ltd		 0.44
1.93%		 23.20 97.67 8.97 1.29 2.06 2.04 12.44
BEP-UN
Brookfield Renewable Partners L.P		 0.13
0.33%		 40.09 - 333.33 4.62 1.48 8.58 12.15
BEP-PM
Brookfield Renewable Partners LP Series 13 Pref Class A		 -
-%		 25.74 - - 2.58 - - -
BEPC
Brookfield Renewable Corp		 0.22
0.55%		 40.33 - 14.53 2.57 2.05 6.04 40.50
NPI
Northland Power Inc.		 -0.09
0.41%		 22.01 - 14.93 2.35 1.49 5.00 13.77

Profile*

Tidewater Renewables Ltd

Tidewater Renewables Ltd. engages in production of renewable fuel in North America. Its flagship asset is the renewable diesel & renewable hydrogen complex that is located adjacent to the Prince George Refinery. It intends to focus on the production of low carbon fuels, including renewable diesel, renewable hydrogen, and renewable natural gas. Tidewater Renewables Ltd. was incorporated in 2021 and is headquartered in Calgary, Canada. Tidewater Renewables Ltd. operates as a subsidiary of Tidewater Midstream and Infrastructure Ltd.

222 ? 3rd Avenue SW, Calgary, AB, Canada, T2P 0B4

587 475 0210

https://www.tidewater-renewables.com

79

Name Title Year Born
Ms. Andrea Decore Executive Vice President of Strategy & Corporate Development NA
Mr. Andrew Donald Vice President of Project Development NA
Mr. Jeremy R. Baines CEO & Chairman of the Board 1970
Mr. Ian Quartly Chief Financial Officer NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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