
Tidewater Renewables reported a C$0.43 per share quarterly loss on C$239.90 million revenue, while adjusted EBITDA reached a record C$96.9 million in the third quarter. The company raised its 2026 adjusted EBITDA guidance to C$300–320 million, driven by renewable-diesel throughput at 114% of design capacity.
Renewable diesel output running at high utilization signals firm demand for feedstocks such as vegetable oils and animal fats. Conditional Clean Fuel Regulations changes could shift that demand.
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