CW Petroleum Corp (OTCQB: CWPE) Reports Revenues for Year-End 2024, Q1-2025, No Effects from Tariffs

Core Insights - CW Petroleum Corp reported audited financial results for Year-End 2024 and unaudited results for Q1-2025, highlighting its position as a leading provider of Specialty Renewable and Hydrocarbon Motor Fuels [1][2] Financial Performance - For Year-End 2024, revenues were $8.00 million, a decrease from $9.31 million in 2023, representing a decline of approximately 14% [5] - EBITDA for 2024 was $150,236, significantly lower than $754,440 in 2023, indicating a decrease of about 80% [5] - The net loss for 2024 was $(47,478), contrasting with a net income of $449,293 in 2023 [5] - In Q1-2025, revenues were $1.59 million, down from $1.94 million in Q1-2024 [5] - EBITDA for Q1-2025 was $40,970, an increase from $32,905 in Q1-2024 [5] - The net loss for Q1-2025 was $(4,183), an improvement from a net loss of $(23,713) in Q1-2024 [5] Company Overview - CW Petroleum Corp, incorporated in 2011 and based in Texas, specializes in supplying and distributing Biodiesel, Biodiesel Blends, Renewable Gasoline, and proprietary gasoline blends [3] - The company is licensed by the EPA and various states to distribute Diesel Fuel and Gasoline, operating in states including Texas, Louisiana, and California [3]