Welcome to our dedicated page for Cw Petroleum news (Ticker: CWPE), a resource for investors and traders seeking the latest updates and insights on Cw Petroleum stock.
CW Petroleum (CWPE) delivers essential energy solutions through biodiesel distribution and specialized logistics services. This news hub provides investors and industry professionals with timely updates on regulatory developments, operational milestones, and market positioning in the fuel distribution sector.
Access authoritative information about CWPE's EPA-licensed fuel blends, transportation innovations, and compliance achievements. Our curated collection includes earnings reports, strategic partnership announcements, and operational updates directly impacting the biodiesel and industrial fuel markets.
Key updates cover fuel blend innovations, logistics network expansions, and regulatory compliance milestones. Monitor developments in chemical hauling services, railcar transloading capabilities, and sustainable fuel distribution strategies that maintain CWPE's industry standing.
Bookmark this page for streamlined access to CW Petroleum's official communications and market analyses. Regularly updated content ensures informed decision-making about this energy sector innovator's evolving position in fuel logistics and distribution.
CW Petroleum Corp (CWPE) has reported its Q4 and full-year 2024 unaudited financial results. For Q4 2024, the company recorded revenues of $1.73 million, down from $1.98 million in Q4 2023, while achieving a net income of $48,633 compared to a loss of $9,749 in the prior year period. EBITDA improved to $96,220 from $51,567.
Full-year 2024 performance showed revenues of $8.00 million, declining from $9.31 million in 2023. The company's EBITDA decreased to $180,850 from $732,733, with a net loss of $44,322 compared to a profit of $449,293 in 2023. The revenue decline was attributed to lower average costs of renewable and petroleum-based fuels in 2024.
The company regained OTCQB status in May 2024 and is pursuing an uplisting to Nasdaq or NYSE, seeking a $5MM-$15MM capital raise for growth initiatives. The 2024 Financial Audit is underway, with the SEC Form 1-K due by April 30, 2025.
CW Petroleum Corp (OTCQB: CWPE) has announced a significant reduction in its outstanding shares of common stock, decreasing from 122,445,898 to 22,445,898, representing an 81.66% reduction. This change was achieved through a share exchange transaction where CEO Christopher Williams exchanged 100,000,000 restricted shares of common stock for 1,000,000 shares of Series A Preferred Stock.
The company states that this move aims to improve its share structure, potentially enhancing access to growth capital and increasing market liquidity for its common stock. Mr. Williams noted that the company's revenues for the first nine months of 2024 were $6.27 million. The share exchange reflects Mr. Williams' previous ownership structure from 2022 and was initially implemented due to a potential capital raise and Nasdaq uplist in 2023, which did not materialize.
CW Petroleum Corp (OTCQB: CWPE), a provider of Specialty Renewable and Hydrocarbon Motor Fuels, has announced that Yahoo Finance and Apple Stocks App are displaying inaccurate daily trade data and price settlements for CWPE stock. The company has had multiple discussions with OTC Markets regarding this issue, but as of September 19, 2024, no resolution has been provided.
CWPE advises investors to refer to the OTCQB stock quote link for accurate information. The company has also provided additional links to accurate company information on the OTCQB Markets platform and the SEC's EDGAR filing website.
CW Petroleum Corp (OTCQB: CWPE) has released its unaudited financial results for the fiscal semiannual period ended June 30, 2024. The company, a leading provider of Specialty Renewable and Hydrocarbon Motor Fuels, reported revenues of approximately $4.0 million and an EBITDA of $109,508 for the six-month period. CEO Christopher Williams emphasized the company's continued strong quarterly revenues from sales of renewable and hydrocarbon motor fuels.
CWPE is actively seeking investment capital from investment banks and private equity to fund acquisition targets, aiming to expand its operations within Texas and other U.S. markets. Additionally, the company is searching for a Sole Book Runner to assist with an IPO and potential uplisting to the NYSE.
CW Petroleum Corp (CWPE), a leading provider of Specialty Renewable and Hydrocarbon Motor Fuels, has been approved to list on the OTCQB Exchange as of June 5, 2024.
The company is actively seeking investment capital from investment banks and private equity to fund acquisitions and expand its operations within Texas and other U.S. markets. Additionally, CW Petroleum is searching for a Sole Book Runner to assist with a potential IPO and an up list to the NYSE.
For more information, visit cwpetroleumcorp.com or contact the company directly.
CW Petroleum Corp (CWPE) has submitted an application to list its security on the OTCQB Exchange, aiming to enhance exposure to investors and access to capital. The move aligns with the Company's goal of expanding its renewable and hydrocarbon motor fuels business in Texas and other U.S. markets.
CW Petroleum Corp (CWPE) reported its fiscal year ended 2023 profitability, showcasing significant revenue growth, gross margin improvement, and net income upsurge compared to the prior year. The company also disclosed its EBITDA figures and plans to seek growth capital for expansion and potential IPO listing.
