08:15 AM EST, 11/13/2025 (MT Newswires) -- Tidewater Renewables ( TDWRF ) on Thursday reported a narrowed net loss in the third quarter despite a fall in revenue.

For the three months ended Sept. 30, net loss was $1.0 million or $0.03 loss per diluted share compared with a net loss of $367.1 million or $10.46 loss per diluted share, a year earlier. The result missed a consensus estimate compiled by FactSet of $0.01 loss per share.

Revenue for the quarter decreased to $62 million compared with $91.6 million a year-ago, however beating a consensus estimate compiled by FactSet of $75.2 million.

The company said it anticipates "strong" commercial momentum to continue into 2026, with over 80% of forecasted renewable diesel production for 2026 expected to be directed toward renewable diesel sales inclusive of associated emission credits, supporting further growth in contracted volumes and market presence.

Tidewater Renewables ( TDWRF ) said it remains on track to achieve its full year maintenance capital guidance of about $8.0 million to $10.0 million, despite the "extended turnaround, and unplanned outage," primarily related to the planned turnaround activities at the HDRD Complex during Q3.

Shares of the company closed up 2.3% at $4.39 on Wednesday on the Toronto Stock Exchange.